I just came across this in the U.S - can this be done in Oz ? would be great to get Noob kooks some safety experience perhaps and a tax write-off
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The Collegiate Kiteboarding Association is now processing donations on behalf of clubs at US colleges. We have 5x established clubs in FL and CA and some up-and-coming clubs for the 2013/2014 year, so we could really use additional equipment to get more college students out on the water riding. Donors will be supplied with a donation receipt for tax purposes and liability waiver.
Cheers,
CKA
www.hugedomains.com/domain_profile.cfm?d=collegekiteboarding&e=com
If you start a registered charity, then donations are tax deductible. All perfectly legal.
On a side note, if you get enough donations, you can then pay yourself a wage as CEO and have all your first class flights around to charity events covered by the donations. This is what a lot of ex-sportsmen do after they retire. Shane Warne is in trouble for spending 1/2 of the donations on himself for his "charity".
Just did a quick search and he is even more dodgy than I thought. www.theguardian.com/sport/2016/feb/12/shane-warnes-former-personal-assistant-won-raffle-held-by-cricketers-charity
To become a registered charity is relatively easy and the minimum percentage that actually has to go to your cause is 4% !
Yep four percent, not fourty.
The next biz I start up will be done this way.
Lots of organisations exploit this law... I could name hundreds but I won't because I like my house!
4% or 30% that's really nothing. So all of our hard earned money goes into buying four wheel drives and offices for "administration" people who dont pay tax
Select to expand quoteGfly said..
4% or 30% that's really nothing. So all of our hard earned money goes into buying four wheel drives and offices for "administration" people who dont pay tax
Yep
Have you been into the offices of World Vision?
Not only do all employees have to be Catholic / Christians, they have extremely plush furniture. You think our PM has an office, think again!
A Charity is business just like any other. The only difference is its 'not for profit' meaning that it won't pay dividends or Directors fees to Directors. However, if you really want a scam start a church.
In fact that gives me a great idea. I am hereby starting the "Church of the Holy Kitesurfer."
Our doctrine is simple:
Get out enjoy nature while being attached to anywhere from 4meters to 21meters of sail cloth by 4 or 5 pieces of string leading to an attachment in the waist area.
In order to be baptized into the church you must of at least have been tea bagged down wind at some point while attached to a kite to the point where after you gained control you needed someone to pump the water out of your lungs.
Tithing is 10% of your income paid on each pay day made payable to "Church of the Holy Kitesurfer" to a bank account of my choosing. In return for your hard earned cash the church will pray daily for wind from the "great wind god" so you can kite more often. All you have to do is have faith that by paying your hard earned cash you will get more kiteable days.
I will also set up a Ministry called "Ministry of the Holy Kitesurfer" which will take 70% of all earnings from the church and put towards kiting ministry's work in exotic locations, "Indonesia, Bali, Cook Islands, Mexico, Brazil and other places where me and my family will spend six months of the year kiting and converting heathen brethren to the path of glory, following the "great wind god" with a band of merry ministers wherever he may take us.
All travel will be on "my" (sorry the churches) private jet. All the while paying no tax!
If you are willing to "believe" in the "Great wind God" and want to be part of my grass roots congregation then please PM me and I will give you details where to send your seed money.
Remember that the "Great Wind God" teaches us that if we plant a seed it will grow and you will truly be blessed with more kiting.
Good Winds!
