Talk about kicking someone when they are already down...
This thread was so lovely, everyone so supportive and helpful.
Along with the OP committing fraud, is her employer going to get sued for not paying minimum wage, not having workers comp insurance, etc.. Or was it a contracting arrangement and she should have an ABN and charged $33 to include GST.
(Last paragraph is sarcasm, just incase it's not obvious).
Last edited by babyno1onboard; 19-09-2015 at 22:25.
I'm a chartered accountant who works in tax and I can confidently say that $30 to help an old bloke once a month is not considered by the ATO to be assessable income. it would count as nothing more than income derived from a "hobby". yes, you can earn income and not have to declare it!!
sheesh you're tougher than the ATO.
Adoralicious (19-09-2015),BH-KatiesMum (19-09-2015),DreamyMummy (19-09-2015),FearlessLeader (19-09-2015),Full House (20-09-2015),GlitterFarts (20-09-2015),Gracie's Mum (20-09-2015),HollyGolightly81 (19-09-2015),M'LadyEm (19-09-2015),MaximumStarlight (20-09-2015),moosey (19-09-2015),NoteToSelf (19-09-2015),smallpotatoes (20-09-2015),smeekyone (20-09-2015),twinklify (19-09-2015)
VP, thanks for your concern...my salary for this financial year is set to be around $15,000, as far as I understand this is well under that tax free threshold. I would need to work another 400 hours (at my substantial rate of $7.50 per hour) to reach the $18,000 that is required to pay tax on. Obviously if I'm going to be doing this job as a "job" I will declare all of my earnings. As I have stated already, so far this is a once off. My "boss" would probably be in more trouble as he is currently paying me well under the award (p.s why aren't you concerned that I'm only getting $7.50 per HOUR??!!)
If anyone wants to read my bank statements I'll be sure to post them later😜
Anywho, I'm going dive into my money vault and swim around in my giant pile of cash while eating a snickers.
amyd (19-09-2015),Elijahs Mum (19-09-2015),FearlessLeader (19-09-2015),Frankenmum (20-09-2015),Full House (20-09-2015),GirlsRock (20-09-2015),Gracie's Mum (20-09-2015),HollyGolightly81 (19-09-2015),JustJaq (19-09-2015),M'LadyEm (19-09-2015),MaximumStarlight (20-09-2015),Mokeybear (19-09-2015),NoteToSelf (19-09-2015),ScubaGal (20-09-2015),smallpotatoes (20-09-2015),smeekyone (20-09-2015),twinklify (19-09-2015),Wise Enough (19-09-2015)
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