Luke Chemies

Pay up your rat.

Where's the cash?

But a business is more done for profit, to make money, and more consistently.

So you start doing that firewood every week, and all of a sudden, you know, we're doing $300 worth of firewood every weekend.

You've got $15,600 worth of profit.

IRD's going to go, well, you're a rat.

Give us a third of that, bloody scallywag.

We want the cash.

Now you might say, well...

I'm only doing it every month.

So it's once a month, 300 bucks, $3,600 of profit.

Now I don't know, I don't know if the IOD would say, hey, cough up, pay up.

Because again, there's no number.

And it comes down to a little bit of the consistency and the frequency and the occasionality, if occasionality is even a word.

So it's not a number and it's not what you call it.

It's not, oh, I call this a hobby, therefore I don't have to pay any tax on it.

It's actually how it looks.

So if we jump on the IRD website,

They basically say you're likely, again, this is accounting and law.

We love using words like you may.