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Simply re-invest every bit of profit you would make. Build new locations, new services, hire more people, buy stuff, etc. Spending money isn't rocket science.
by chmod775 6y ago
Simply re-invest every bit of profit you would make. Build new locations, new services, hire more people, buy stuff, etc.
Spending money isn't rocket science. Spending it wisely may be.
- jxramos 6y agois it safe to say reinvesting is counted as a loss for tax purposes then? How does the tax angle come into play, taxes are only on profit income not revenues?
- graeme 6y agoYes, taxes are only on profits. You don’t need a loss per se, you just need to reinvest everything. The results would be crazy otherwise. Tech makes near 100% margins, grocery about 2%. But both industries would pay the same level of tax on 100% of revenue if it wasn’t profit based.