5 ms·
I’m a bit surprised he pays taxes on revenue. I’ve run a similar type of single person company (different country, still EU) and I paid taxes on revenue less ex
by wodenokoto 3y ago
I’m a bit surprised he pays taxes on revenue. I’ve run a similar type of single person company (different country, still EU) and I paid taxes on revenue less expenses. There were also no such thing as “keeping money in the company”, but I could expense the ticket and buy it with pre-tax money as a company or not expense it and buy it with post tax money as an individual. Sounds like he wants his cake and tax deduct it too.
If he really can’t expense stuff, why does he even have a business card?
I’m on the conference side on this matter.
- bananapub 3y agosounded a lot more like he wanted to: 1. spend pre-tax money 2. and is VAT registered 3. so needs to quote a VAT number 4. but doesn't want to pay the "I'm a rich big company" ticket price