Quote:
Originally Posted by The Hosting Team
One of the biggest differentiators between being profitable or not when you are starting up is whether you have to pay yourself a salary. If you're doing this after work and can afford to not take money out of your new business, it can be easier to show a profit. If, on the other hand, you're doing this full-time, then you need to include your salary in your profit/loss.
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Quite an outstanding point here.
The beauty of running your own business allows for some movement, accounting-wise. What I would have recommended is this. You look at your personal income tax rate and corporate tax rate. You adjust your salary (considering your company is profitable) to either show larger or lower profit to reduce tax you pay.