4 ms·
And now you get to give 20% of that money to the government!
by sjf 17y ago
And now you get to give 20% of that money to the government!
- jlangenauer 17y agoAt least here in Austalia, I hear the done thing is to call your initial investment a loan from you to the company - that way, the company can "repay" the loan to you, and because it was your money to begin with, you don't have to pay tax on it. (Disclaimer: I'm not an accountant)
- ryszard99 17y agoi can confirm this is actually the case. my GF and i have started up own own company (plug: http://www.boolos.com/ http://www.boolos.com/ ; disclaimer: head hunting in energy). our accountant has given us exactly that advice, and you dont pay tax on it.