Cash only stores no record

[boa]

How does this work they only take cash and never give you a receipt. How can that be legal?.

[Bytemrk]

Ask for a receipt..... what it says or doesn't say about GST might be enlightening ;)

[V8Ian]

Simple, you hand over your hard earned and receive goods or services. Ho records kept, no tax paid, no GST is claimable.

[p38arover]

Simple, you hand over your hard earned and receive goods or services. Ho records kept, no tax paid, no GST is claimable.

I never keep ho records - and I doubt they give receipts. :p

[V8Ian]

I never keep ho records - and I doubt they give receipts. :p
You too! What is this, Pick on Ian night? I have new glasses and I'm sitting in the dark! :mad:;)

[Mick_Marsh]

You are entitled to a receipt.
If they refuse to supply one, refuse to purchase their goods or services.

[Mick_Marsh]

You too! What is this, Pick on Ian night?
Is it Sunday the ninth already?

[V8Ian]

Is it Sunday the ninth already?

Thanks Mick, I see the third stoo.....I mean musketeer has arrived. ;)

[LandyAndy]

You will find cash registers keep a tally of all transactions and I guess they are to be kept for taxation purposes.
The ones who are having a lend of the system will normaly have a sentry hover over a constantly open cash draw,protecting it from theft.These transactions are not recorded.Lunch bars and bakeries run by new australians seem to be the worse offenders.Watch them quickly close the draw if they see a person they percive to be from the government enter the store,ie a Policeman,ranger or anyone in uniform etc,even though taxation isnt in their realm:D:D:D:D:D.
They are clever,but not clever enough.Some have been charged with tax evasion simply by the number of pie bags or take away containers they have bought.Pretty hard to explain why you needed 100000 pie bags when you only sold 10000 pies,or bought 500000 take away containers and sold 20000 meals;););););)
Andrew

[boa]

And that is why this business will be reported tomorrow.

[Homestar]

Once you hand over your money - and ask for a tax invoice, (they don't have to supply one as a matter of course, only if/when asked, although most legit businesses will just give you one anyway) the business has 24 hours to produce a valid tax invoice, which must include their ABN, total amount paid and total amount of GST paid. Most cash businesses will keep an invoice book and scribble you one out if asked.

If they can't provide one, then report them to the ATO.

[V8Ian]

Spot on Andy. A few years ago a friend bought a motel and restaurant after having the books examined by an accountant and the bank. Within months they were going backwards fast. They employed a forensic accountant who soon worked out the books had been cooked. one of the things that bought the con artist down was the amount of pub gas that hadn't been purchased to match the beer claimed to have been served.

[Bigbjorn]

You will find cash registers keep a tally of all transactions and I guess they are to be kept for taxation purposes.
The ones who are having a lend of the system will normaly have a sentry hover over a constantly open cash draw,protecting it from theft.These transactions are not recorded.Lunch bars and bakeries run by new australians seem to be the worse offenders.Watch them quickly close the draw if they see a person they percive to be from the government enter the store,ie a Policeman,ranger or anyone in uniform etc,even though taxation isnt in their realm:D:D:D:D:D.
They are clever,but not clever enough.Some have been charged with tax evasion simply by the number of pie bags or take away containers they have bought.Pretty hard to explain why you needed 100000 pie bags when you only sold 10000 pies,or bought 500000 take away containers and sold 20000 meals;););););)
Andrew

In my Social Security fraud investigation days I participated in a number of joint operations with the ATO. We also had staff permanently posted at the ATO in Brisbane and I assume in the other states doing searches based on our parameters and data base, not theirs. My ATO partner told me that hot bread kitchens/bakeries and barber shops were among the last refuges of the cash economy. Many do not have registers, just a cash drawer. Many barbers just stick the dough in their kick. The smart bakers would buy so much raw material on their credit account at the wholesale grocer and more as a cash sale, no name. Over 90% of their production is sold for cash the day it is made. Who knows how many items were made and how many were dumped. One baker was dobbed in by a sacked employee who told the ATO that the baker took any $100's out of the drawer and into his pocket. They checked his banking and guess what? No $100's ever banked. Race courses were awash with hot cash then.

[d2dave]

Once you hand over your money - and ask for a tax invoice, (they don't have to supply one as a matter of course, only if/when asked, although most legit businesses will just give you one anyway) the business has 24 hours to produce a valid tax invoice, which must include their ABN, total amount paid and total amount of GST paid. Most cash businesses will keep an invoice book and scribble you one out if asked.

If they can't provide one, then report them to the ATO.

Not totally correct. If a business has a turnover that would generate less than $75.000 of GST that business does not have to register for GST with the tax office. Therefore they cannot issue a Tax invoice.

https://www.ato.gov.au/Business/GST/Registering-for-GST/Do-you-need-to-register-/

In my business after a resident has lived here for 28 days, in the eyes of Joe Hockey they are a permanent resident and don't pay GST, same as a tenant in a rental house, no GST.

So I can't issue a tax invoice as no GST has been paid.

As for the OP's question. If a transaction is over $75 a receipt must be given. If under $75 you can request one. The business has 7 days to supply it.

https://www.accc.gov.au/consumers/prices-receipts/receipts

[THE BOOGER]

Thanks Mick, I see the third stoo.....I mean musketeer has arrived. ;)

Look out there were 4 stooges not three:wasntme:

[spudboy]

Spot on Andy. A few years ago a friend bought a motel and restaurant after having the books examined by an accountant and the bank. Within months they were going backwards fast. They employed a forensic accountant who soon worked out the books had been cooked. one of the things that bought the con artist down was the amount of pub gas that hadn't been purchased to match the beer claimed to have been served.

My dad was an accountant, and he said that a lot of 'cash heavy' businesses have 3 sets of books:
- one for the tax man
- one for when the business is sold (like to your friend)
- and the real figures....

[p38arover]

Look out there was 4 stooges not three:wasntme:

"was"? :angel:

[Bigbjorn]

My dad was an accountant, and he said that a lot of 'cash heavy' businesses have 3 sets of books:
- one for the tax man
- one for when the business is sold (like to your friend)
- and the real figures....

A mate operated a one man, one chair, barber shop in a suburban strip. He kept three sets, one for the tax man, one for the Mrs, and the real one for himself. I used to stir him up by telling him and our mates that barbers were the last people in Australia to know how many $50's fitted in a 44 gallon drum.

[Bigbjorn]

How does this work they only take cash and never give you a receipt. How can that be legal?.

Ever go to swap meets and flea markets? Lots of professional and semi-professional vendors who don't handle paperwork. Nice little earner. Pick up your pension or dole and a few hundred or more in unrecorded cash at the markets.

[101RRS]

And that is why this business will be reported tomorrow.


Did you actually ask for a Tax Invoice? If so did they refuse to provide one?

[THE BOOGER]

"was"? :angel:

On this forum Larry,Mo,Curly and Shep have no chance and yes "is" at least 4:p


And I changed it to ''were''

[UncleHo]

Hmmm,Ah Ha ;)

[Bigbjorn]

Hmmm,Ah Ha ;)

Kev, you may need to tell Ian if you are keeping ho records.

[UncleHo]

G'day Brian :)

The Ho records are suffering this afternoon, as I have just paid rego for one of my vehicles :( but,it was reasonably painless,I smile hand over the papers and the cash,and she behind the counter grimaces :mad: types away and that was that :)

cheers