mr taxman wrote:However, no deduction is allowed to the extent that the losses or outgoings are of a capital, private or domestic nature or are necessarily incurred in gaining or producing exempt income.
and the second (the url was munged, not read the entire thing)the busy taxman again wrote:n this case, the taxpayer intends to provide sponsorship in the belief that the exposure from that sponsorship will benefit his business in the form of advertising and will generate future income
yea has to be a secret pledge....Strika wrote:Should we start a pledge thread? What is a fair amount to pledge? And what if I am a little broke, and am embarrased at the amount I am able to donate, so because I want to avoid embarrasement I don't pledge? Could it be a silent pledge? That would avoid crowing from people who can afford to pledge more too!!!
thats what i was starting to think myself. Its being done for non profit, etc. If anything it'd be a concern for the blokes running the bikes, etc..MadKaw wrote:Thanks for the concern but as we are not a business nor are claiming any tax deductions for the $ donated, I really don't see what the ATO has to do with this..
).
better to have it available for ongoing running costs ( entry fees, transport costs to each meeting, fuel tyres etc), this assumes a reasonable race fund to start with. Its not hard to budget for entry fees, etc - there are only a finite number of rounds in any given race season. 
Mate can't you n Big Mitch read!! No KSRC members are to be supported. And I agree. Personally, I'd be really pissy, if they gave either of you guys the dough over ME!Gosling1 wrote:and when I give the NSW PCRA Championships another nudge, expect a knock on the safe door !!!!
That basically means that we'll give you money if you piss off from KSRC...Strika wrote:Mate can't you n Big Mitch read!! No KSRC members are to be supported. And I agree. Personally, I'd be really pissy, if they gave either of you guys the dough over ME!Gosling1 wrote:and when I give the NSW PCRA Championships another nudge, expect a knock on the safe door !!!!
*touche !!*Duane wrote:....That basically means that we'll give you money if you piss off from KSRC...
Kishy didnt hang around long enough
thats harsh mate .... I'd be too embarrassed to take the money Gos. Plus the only support I need these days is around my middle!Gosling1 wrote:*touche !!*Duane wrote:....That basically means that we'll give you money if you piss off from KSRC...
Kishy didnt hang around long enough
Marty - the latest poll does have voting buttons for a KSRC member who is racing in either State/National series. I think its a good idea, hell, I would chuck in some $$$ even if it WAS going to support you
mate we'd be too embarrassed to put our stickers on ur bike and see ya dawdle around the back of the pack on a lovely sunday arfternoon ride...Strika wrote:I'd be too embarrassed to take the money Gos. Plus the only support I need these days is around my middle!Gosling1 wrote:*touche !!*Duane wrote:....That basically means that we'll give you money if you piss off from KSRC...
Kishy didnt hang around long enough
Marty - the latest poll does have voting buttons for a KSRC member who is racing in either State/National series. I think its a good idea, hell, I would chuck in some $$$ even if it WAS going to support you
