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457 posts

Ultimate Geek

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  #2140079 5-Dec-2018 20:01
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Batman: Cash is an official currency for sale transaction far as I know.

On the other hand, I know of business owners putting their entire family expenditure on their company's cashless accounts.

Which is the bigger crime?

 

 

 

Do they really though? Seen plenty of examples of where the business owners thing they are putting it through the business however the accountant codes it as drawings or makes an allowance for personal use.

 

 

 

 

 

 

 

 


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  #2140084 5-Dec-2018 20:19
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logo:

 

Batman: Cash is an official currency for sale transaction far as I know.

On the other hand, I know of business owners putting their entire family expenditure on their company's cashless accounts.

Which is the bigger crime?

 

 

 

Do they really though? Seen plenty of examples of where the business owners thing they are putting it through the business however the accountant codes it as drawings or makes an allowance for personal use.

 

 

 

 

 

 

 

 

 

 

Good point, that's none of my business, though they openly tell me how much tax they are saving by putting everything into their business.





Involuntary autocorrect in operation on mobile device. Apologies in advance.


 
 
 
 


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  #2140110 5-Dec-2018 20:58
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Rikkitic:

I don't have a problem in principle with cash payments. It would depend on the circumstances. If the IRD wants me to act as an enforcement agent for them, I expect to be paid.


 



If they pay you, be a total devil and don’t declare it as income. 😃




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  #2140168 5-Dec-2018 21:42
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MikeB4:

 

I often hear folks complain about Welfare cheats but then happily assist an in trade person avoid paying tax.

 

 

Well speaking for myself one of the reasons I don't like paying tax is because I know my money goes to pay for welfare and a variety of other things I object to. 





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  #2141694 8-Dec-2018 17:46
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Ever think they might want cash because:

 

a) It's only a small job.

 

and

 

b) They don't have eft-pos and don't trust a customer to put it in their bank account.

 

The days of cheques are over.

 

We had a guy come to service our aircon. Another to clean our chimney. A snake catcher. Even our previous house aircon install ($450 and came with a cert of compliance).

 

All wanted cash, because they are small businesses that don't see the reason to pay extra to have mobile eft-pos terminals.

 

 

 

If on the other hand you were having say, a fence put up (as we did for $1800), you pay a deposit and bank transfer the rest. 

 

If it's under $500, I don't see why paying cash is a problem.

 

 

 

BTW, I do have invoices for all this.


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  #2142145 9-Dec-2018 17:11
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Aussie is possibly a little different...

 

IIRC according to RBA, there's something like AUD $1,500 per person (every man woman and child) in circulation at any time in $100 denomination banknotes alone - about $30 billion in paper bags and stored under mattresses.

 

Yet I don't recall seeing many $100 notes in circulation / given as change / handed out by ATMs in Aussie. 

 

 


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  #2142149 9-Dec-2018 17:19
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Lias:

 

Well speaking for myself one of the reasons I don't like paying tax is because I know my money goes to pay for welfare and a variety of other things I object to. 

 

 

That seems to be a very selfish attitude.  I guess you were born fabulous, lucky, wealthy, and invulnerable?  


 
 
 
 


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  #2142156 9-Dec-2018 17:56
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Fred99:

 

Aussie is possibly a little different...

 

IIRC according to RBA, there's something like AUD $1,500 per person (every man woman and child) in circulation at any time in $100 denomination banknotes alone - about $30 billion in paper bags and stored under mattresses.

 

Yet I don't recall seeing many $100 notes in circulation / given as change / handed out by ATMs in Aussie. 

 

 

 

 

 

 

When I paid for my car in cash ($8k), all the bank had was $50s.

 

 

 

I'd love my share of the $1500 in $100s!

 

 

 

It's an inconvenience to me to have to go to an ATM to pay tradies in cash, but I understand why it's done. 

 

 

 

Edit: I don't think Aussie is any different at all. People don't pay invoices, ask any small company anywhere... Cash fixes this issue.


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  #2142165 9-Dec-2018 18:23
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Fred99:

 

Lias:

 

Well speaking for myself one of the reasons I don't like paying tax is because I know my money goes to pay for welfare and a variety of other things I object to. 

 

 

That seems to be a very selfish attitude.  I guess you were born fabulous, lucky, wealthy, and invulnerable?  

 

 

Not at all, I was raised by a solo mother on the DPB, who scrimped, saved and sacrificed to be able to get herself a university education and get off a benefit. I believe welfare should exist as a safety net, but for some it's become a lifestyle, and until a government has the courage to fix that, I'm going to object to my tax dollars being spent that way. As an adult, I've had to go on a benefit a few times after redundancies etc, and it's not pleasant.. I'd actually rather we _increased_ how much money people get on a benefit and loosened the draconian dehumanising way our current system works, but as a balance to that their needs to be time limits and better ways of ensuring that people use it as a fallback, not a way of life, let alone an inter-generational way of life. 





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  #2142193 9-Dec-2018 19:20
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Lias:

 

Fred99:

 

Lias:

 

Well speaking for myself one of the reasons I don't like paying tax is because I know my money goes to pay for welfare and a variety of other things I object to. 

 

 

That seems to be a very selfish attitude.  I guess you were born fabulous, lucky, wealthy, and invulnerable?  

 

 

Not at all, I was raised by a solo mother on the DPB, who scrimped, saved and sacrificed to be able to get herself a university education and get off a benefit. I believe welfare should exist as a safety net, but for some it's become a lifestyle, and until a government has the courage to fix that, I'm going to object to my tax dollars being spent that way. As an adult, I've had to go on a benefit a few times after redundancies etc, and it's not pleasant.. I'd actually rather we _increased_ how much money people get on a benefit and loosened the draconian dehumanising way our current system works, but as a balance to that their needs to be time limits and better ways of ensuring that people use it as a fallback, not a way of life, let alone an inter-generational way of life. 

 

 

And if your mother had been less resourceful and determined (something you had no control over) - you'd have been - basically stuffed.

 

Her education would have been a form of welfare, probably worth tens of thousands of $$$ she didn't have.

 

I do get what you're saying about the dehumanising side of dealing with agencies, but that's a political choice, based on the concept that people who struggle and need welfare are bludgers.  It's how NZ seems to want it seen to be.

 

I've never been on a benefit per-se. 


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  #2142204 9-Dec-2018 20:05
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Lias:

 

Fred99:

 

Lias:

 

Well speaking for myself one of the reasons I don't like paying tax is because I know my money goes to pay for welfare and a variety of other things I object to. 

 

 

That seems to be a very selfish attitude.  I guess you were born fabulous, lucky, wealthy, and invulnerable?  

 

 

Not at all, I was raised by a solo mother on the DPB, who scrimped, saved and sacrificed to be able to get herself a university education and get off a benefit. I believe welfare should exist as a safety net, but for some it's become a lifestyle, and until a government has the courage to fix that, I'm going to object to my tax dollars being spent that way. As an adult, I've had to go on a benefit a few times after redundancies etc, and it's not pleasant.. I'd actually rather we _increased_ how much money people get on a benefit and loosened the draconian dehumanising way our current system works, but as a balance to that their needs to be time limits and better ways of ensuring that people use it as a fallback, not a way of life, let alone an inter-generational way of life. 

 

 

Pity you didnt say that in the first place rather making a dramatic statement that you objected to welfare...period!


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  #2142206 9-Dec-2018 20:12
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We only accept cash or eftpos at our work unless you are an account holder. There are cash jobs and then there is paying in cash. Two different things. Trade mates prefer being paid in cash for one offs so there is need chasing accounts from customers. Customers still get a receipt. Why would you want to lower your tax obligation that way, if and when you ever have to claim acc this can turn around and bite you in the butt. Plenty of legit ways of lowering your tax obligations without having to resort to tax evasion. I hear if some non custodial parents doing this to lesson there child support obligations, but then you are only cheating your children

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  #2142257 9-Dec-2018 22:15
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Bluntj:

 

Lias:

 

Fred99:

 

Lias:

 

Well speaking for myself one of the reasons I don't like paying tax is because I know my money goes to pay for welfare and a variety of other things I object to. 

 

 

That seems to be a very selfish attitude.  I guess you were born fabulous, lucky, wealthy, and invulnerable?  

 

 

Not at all, I was raised by a solo mother on the DPB, who scrimped, saved and sacrificed to be able to get herself a university education and get off a benefit. I believe welfare should exist as a safety net, but for some it's become a lifestyle, and until a government has the courage to fix that, I'm going to object to my tax dollars being spent that way. As an adult, I've had to go on a benefit a few times after redundancies etc, and it's not pleasant.. I'd actually rather we _increased_ how much money people get on a benefit and loosened the draconian dehumanising way our current system works, but as a balance to that their needs to be time limits and better ways of ensuring that people use it as a fallback, not a way of life, let alone an inter-generational way of life. 

 

 

Pity you didnt say that in the first place rather making a dramatic statement that you objected to welfare...period!

 

 

I dunno how you get from what I said to " a dramatic statement that I objected to welfare period". It seems a pretty big leap to me.





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  #2142285 10-Dec-2018 08:44
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Fred99:

 

Aussie is possibly a little different...

 

IIRC according to RBA, there's something like AUD $1,500 per person (every man woman and child) in circulation at any time in $100 denomination banknotes alone - about $30 billion in paper bags and stored under mattresses.

 

Yet I don't recall seeing many $100 notes in circulation / given as change / handed out by ATMs in Aussie. 

 

 

The only place I've found you can even get $100 notes is from ATMs at casinos.


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  #2143516 11-Dec-2018 17:41
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Cash does not mean avoiding tax.

 

We both (with our businesses) were given cash sometimes. Damn nuisance it was too, having to go bank it.

 

 


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