How do I make it so doesn’t go on income tax

Ccqc — Fri, 16 Aug 2024 09:15:51 GMT

Hi all

I use this for fundraising for charity.

is there a way so it doesn’t go on my income tax?

Re: How do I make it so doesn’t go on income tax

lawnbrook — Tue, 10 Sep 2024 23:48:32 GMT

Square transactions are recorded, funds are deposited into your account, there is no reporting to any tax authorities, this is your job. If you are referring to GST, then this is recorded in square, merely for your convenience, the funds are not actually retained.

Additionally, if you are collecting payments and donating them, then the net result of this would be a zero balance for yourself.

Can you give an example of what you are doing, and what you think the tax imlplication would be.

Regards,

Bruce

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How do I make it so doesn’t go on income tax

Re: How do I make it so doesn’t go on income tax