On Thu, 16 Apr 2009 19:38:53 Matt Thomson wrote: > "Not to > mention that you will pay tax at the buisiness rate (30%) rather than > the > personal rate based on income (probably 33-39%). " > > This what I thought, I went to see an accountant, who told me that > although the "business" can pay a 30% rate, that money stays in the > business account. If I get paid a salary from the business, I have to > pay the usual individual tax brackets, and If I get dividends, then I > have to pay the difference between what the company has paid, and what > I should pay as an individual earner. > > Long story short, she told me if I want to have over 80,000 in my bank > account (where I can spend it) this year, I am going to have to pay a > higher tax rate than 30% on a lot of it. > > Am I/her incorrect here, I would like to have 30% as a ceiling, this > is why I sought professional advice, to find a way.
Almost every self employed person knows the answer to the above. Look in "Rich Dad, Poor Dad". And get yourself a Chartered Accountant. --~--~---------~--~----~------------~-------~--~----~ NZ PHP Users Group: http://groups.google.com/group/nzphpug To post, send email to nzphpug@googlegroups.com To unsubscribe, send email to nzphpug+unsubscr...@googlegroups.com -~----------~----~----~----~------~----~------~--~---
