This Question is from BSBFIM501 Manage budgets and financial plans. Here everything included, nothing missing.

1.a)Financial records must meet a number of management requirements for both sole traders and companies. Explain the financial record keeping and audit requirements for the retention of financial records.

b You are managing a small business employing four staff members with a turnover greater than $100, 000 per annum.Identify and explain a minimum of four legislative areas that impact on the organisations financial obligations, including GST.

c. Recommend three strategies a manager could use to disseminate details of the financial plans to their team members.