business report

Business studies
Final report
Re; Ronald smith & co




Key business functions: the firm offers accounting and Taxation services together with finacial planning. The firm Ronald smith and co needs to generate approximately $750 a day to cover the expenses like electricity, wages, loans and other business effecting costs. One of the most important is Internet connection without this the business cannot lodge tax returns, Business activity statement (bas). You need to keep up the payments or your Internet is cut off until you pay it off. It’s has an affect on the technology you use because if the technology is not up to standard it can slow your business down. In the year of 1997, which to some people that was not along time ago, they only had a modem of 36 k which is very slow in today’s standards.

My firm’s way of generating money is through providing accounting srevises and preparing tax returns, while you pay 10% extra on everything for GST reasons, my firm finds t...