Home – New Forums Money matters ‘Cash in hand’ work Reply To: ‘Cash in hand’ work

  • Total posts: 4,485
Rachael , post: 210433 wrote:
If a business paid it’s employees cash in hand for a short period of time, then lost the information that showed how much they were paid, how would an accountant deal with that?
The only information would be atm withdrawals on a bank statement.

A responsible accountant would handle it by saying sort it out yourself you have done the wrong thing. At the same time I would hope the same responsible accountant would report you to the tax office as you are not only ripping of your employee, but also the law abiding tax payers of Australia..

Or unless I have misread your question, there would be payslip summaries which of course you would have given your employee’s, which would help sort it out.