FNSTPB401 Complete business activity and instalment activity statements22.How often must PAYG payment summaries be distributed to employees and when must they be provided. 23.Explain the superannuation guarantee and employee eligibility for superannuation. 24.What allowances are there for employees with regard to voluntary contributions for superannuation and what are the tax implications? 25.What tax benefits does payment of voluntary superannuation provide? 26.List the information that must be included on an invoice in order for it to be a valid tax invoice.27.Where a business does not quote an ABN on its invoice, what would the business that received the invoice do?28.What are instalment activity statements and who must submit them?Answer: Instalment Activity Statement, is a form used by taxpayers who are not registered for Goods and Services Tax (GST). It is also the form required to be lodged by entities that prepare a quarterly Business Activity Statement, but are required to remit their Pay As You Go (PAYG) withholding tax on a monthly basis because they are a medium withholder.
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Test, Business Activity Statement, RTO, Cass Training International College, Cass Training Pty Ltd, RTO Works