Pay Cash or Pay Invoice for capital works

Discussion in 'Accounting & Tax' started by kmrr, 14th Jan, 2021.

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Cash or Invoice

  1. Cash

    1 vote(s)
    14.3%

  2. Invoice

    6 vote(s)
    85.7%
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  1. wylie

    wylie Moderator Staff Member

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    If clients are "expecting a reduction" then that is the definition of "doing a cashy", isn't it?

    Paying cash and asking for a reduction if you pay cash is pretty self-explanatory, however differently someone wishes to dress it up.
     
    wylie, 17th Jan, 2021
    #21
  2. jared7825

    jared7825 Well-Known Member

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    Qld
    Did I say anything about asking for a reduction? I simply said that you can settle a legitimate invoice in cash and that is different to discounted work for cash to avoid tax.

    The part of the comment I was replying to was "The blowback from taking cash is simply not worth it. Reputable businesses function on detailed invoices, plain and simple."

    Ever paid cash for an item at a shop and got a tax receipt? Legitimate cash purchase
     
    jared7825, 17th Jan, 2021
    #22
  3. wylie

    wylie Moderator Staff Member

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    You commented on a quote that mentioned it.
     
    wylie, 17th Jan, 2021
    #23
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