Hypothetical: Earn Points from Merchant Processing (Accepting Credit Cards)

[theblank]

And you have an Accountant? Best you talk to him and garner his opinion as to how funds flowing into a business account will be viewed by ATO

There is nothing terribly complicated about this nor anything to be concerned about how the ATO would view it. The transactions are simply accounted for as a owners contribution/withdrawal.

 

[Cruiser Elite]

There is nothing terribly complicated about this nor anything to be concerned about how the ATO would view it. The transactions are simply accounted for as a owners contribution/withdrawal.

Indeed they may be - but AFF is not the place for individuals to seek and rely apon financial advice - I was simply trying to make that point.