Quote Originally Posted by Nou Camp View Post
What are you writing it in your books as an expense if you pay a player? did you pay buy $30000 worth of toilet paper for the year, $45k of miscellaneous?
as a not for profit you dont pay tax but you keep detailed financials as you must show them at AGM where members can ask questions of them
By NSW law youre required to hold an AGM every year and show financials and submit those to the nsw government (cant remember which body atm)
Haha, yes I'm sure every single dollar is recorded in your books, you keep telling us that. And if it makes you happy keep thinking we're all stupid enough to not know that the cash in hand payments happen