The benefit of the Pty Ltd company is the limited liability. Limited to
the share capital you put into it ($1 shelf company), not everything
that you own and earn. and a slightly better tax rate depending what you
earn, maybe some more deductions for tax, but offset with higher
administrative/compliance costs and greater complexity/paperwork.
Ken
Jeff Waugh wrote:
<quote who="Tim Lloyd">
Hardware you can probably depreciate personally anyway.
The big benefit is writing off travel/home office expenses.
You definitely don't need a Pty Ltd to claim for business related expenses!
- Jeff
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