Our Recent Posts

Archive

Tags

Using Business Structure to Save on Tax: Sole Trader v Company

Recently I attended a small business function where a panel of entrepreneurs were revealing secrets to their success. One ‘secret’ divulged in the interest of saving $$$ on tax was “to set up your business structure to be in line with your vision”. In a room of over 300 people, I could read their simultaneous thought... “LARGE!” But going ‘large’ with a company structure from the onset may cost you more dollars and time than it’s worth. The most common reason given by start-ups/small business owners/entrepreneurs wanting to set up a company structure is to save $$$ on tax. But this isn’t a given. Sole Traders, including those operating in a partnership, are taxed as an individual (much

1-badge-online-large.png
MYOB_logo_RGB-1.jpg

#BMB_WA on Insta...

©2018 BY BALANCE MY BOOKS WA