Big Marty
Turbocharged
On Friday 7th August Cathy & I have an appointment with the westpac bank where will open a bank account for direct payment of all advance payments.
The reason for this is simply that we will be able to provide a certificate of balance and itemised statements to any person or person associated with this event upon request.
Advance payments that will be required are BBQ Friday 14th, Bike show entry, and Cash Donations. Both Cathy & I do apologise for the necessity of advance payments as unfortunately we are not in a financial position to cover upfront costs.
The details of this account will be posted here as soon as they are given to us by the bank.
As a one off event this is the easiest way to manage the financials but for ongoing events we will have to form an RDU - Rockets DownUnder Inc to ensure no tax liability is created for either Cathy & I or anyone else for that matter.
This provides something for every one to think about, firstly the ongoing nature of RDU events. Examples of this each state may be able to have a fundraising ride every 3 months culminating in the Annual Rockets DownUnder Muster & our annual donation to the make a wish foundation.
I would like every one to think about this so we can discuss it over the weekend to secure the future and expansion of RDU.
The reason for this is simply that we will be able to provide a certificate of balance and itemised statements to any person or person associated with this event upon request.
Advance payments that will be required are BBQ Friday 14th, Bike show entry, and Cash Donations. Both Cathy & I do apologise for the necessity of advance payments as unfortunately we are not in a financial position to cover upfront costs.
The details of this account will be posted here as soon as they are given to us by the bank.
As a one off event this is the easiest way to manage the financials but for ongoing events we will have to form an RDU - Rockets DownUnder Inc to ensure no tax liability is created for either Cathy & I or anyone else for that matter.
This provides something for every one to think about, firstly the ongoing nature of RDU events. Examples of this each state may be able to have a fundraising ride every 3 months culminating in the Annual Rockets DownUnder Muster & our annual donation to the make a wish foundation.
I would like every one to think about this so we can discuss it over the weekend to secure the future and expansion of RDU.