Just Visiting
Juniors
- Messages
- 35
Nah not really a tax issue. Income and expenses both overstated by the same amount so it evens out in the end. ATO won't really care. Only people who could be in trouble are the players if they don't declare the income from the suppliers but I doubt they wouldn't
You are probably right but the ato might not consider dodgy payments to players a legitimate deductible expense so there could be a difference.