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  • Profile photo of truebluetrueblue
    Member
    @trueblue
    Join Date: 2003
    Post Count: 142

    It’s ok to make directors salaries to reduce the profits. However, do take into consideration your PAYG obligations esp if you need to submit a quarterly statement. However, can’t see how buying a new car can reduce the profits as a car is considered a capital item. Then there’s FBT to consider as well. Much too complicated.

    Profile photo of truebluetrueblue
    Member
    @trueblue
    Join Date: 2003
    Post Count: 142

    JUST REMEMBER THAT WITH VACANT COMMERCIAL PROPERTIES, GST IS APPLICABLE. THIS IS NOT THE CASE WITH A TENANTED COMMERCIAL PROPERTY.

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Viewing 2 posts - 141 through 142 (of 142 total)