Australia Friend wants to give me cash to pay them


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Mar 23, 2015
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Hi guys, I have a friend who has asked me to pay them a wage- he will give me say $1000 a week cash which I put through my business as if it was collected from normal cash takings, he then wants me to deduct the super and payg and pay him the balance. My question- wouldn't I lose money through this, as I have to pay $90.91 gst on these 'takings', but am receiving no input tax credit- to not lose, wouldn't I have to withhold $90.91 from him also?
 
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Joined
Mar 24, 2015
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You should really call the cops as that's money laundering.
 

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