"Almost every self employed person knows the answer to the above. Look in "Rich Dad, Poor Dad". And get yourself a Chartered Accountant"
My accountant is chartered, why assume they are not? To save me reading a book, can you summarise what the supposed method of avoiding 39% is. If it is not illegal, as you said, surely there is no problem giving a paragraph or 2 summary here. On Apr 16, 7:58 pm, Michael <[email protected]> wrote: > 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 [email protected] To unsubscribe, send email to [email protected] -~----------~----~----~----~------~----~------~--~---
