wilsonstheman
Senior List
Hey guys,
just after some advice. I've just started my own business. I get paid mostly in cash. I've been told not to declare the cash jobs so that i dont have to pay as much income tax, and ive been told not to put the cash into my bank account as if the ATO see's it i can get penalised.
I dont like having heaps of cash laying around the house tho!
Are they really that bad , will they want an explanation for all the money going into my account?
Can i just say i had a good day at the casino?
Thanks! Ryan
just after some advice. I've just started my own business. I get paid mostly in cash. I've been told not to declare the cash jobs so that i dont have to pay as much income tax, and ive been told not to put the cash into my bank account as if the ATO see's it i can get penalised.
I dont like having heaps of cash laying around the house tho!
Are they really that bad , will they want an explanation for all the money going into my account?
Can i just say i had a good day at the casino?
Thanks! Ryan