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There are 3 questions.

Q1. Mark is a toy consultant, has consulting fee of $400000 for this year 2017. So, $350000 was received on or before 30 June 2017. The remaining amount of $50 000 received in the month of July 2017. Is Mark allowed to use cash or accrual accounting for tax purposes?

Q2. What is treatment of layby sale in GST and treatment of security deposit in GST of Australia?

Q3. Explain treatment of in-house and external Property Fringe Benefit in Australia in relation to section S 51.

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Taxation, Accounting

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