I have had a few questions on my mind lately, and I am hoping there are some of you who will know the answers, or at least have an idea.
I have a medium-small sized forum. I am getting an addon built that allows members to purchase (via PayPal) points from the [bd]Bank addon. These points can then be used to purchase account upgrades and gift points to other members.
My site is a registered business and makes nowhere near enough to charge GST. So, here are my questions.
1) Do I need to provide a tax invoice to my members when they purchase points from the bank?
2) Is my paypal receipt good enough to be used as proof of income and expenses to my website?
3) Is the paypal receipt good enough to be used as an invoice to members if Q1 is a yes?