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.
Hypothetical: Earn Points from Merchant Processing (Accepting Credit Cards)
- Thread starter blessed11
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- Pay suppliers who don’t take Amex
- Max out credit card rewards—even on government payments
- Earn & Transfer PayRewards Points to 8+ top airline & hotel partners
Join 30,000+ savvy business owners who:
✅ Pay suppliers who don’t accept Amex
✅ Max out credit card rewards—even on government payments
✅ Earn & transfer PayRewards Points to 10+ airline & hotel partners
Start earning today!
- Pay suppliers who don’t take Amex
- Max out credit card rewards—even on government payments
- Earn & Transfer PayRewards Points to 8+ top airline & hotel partners
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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.
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