Home – New Forums Money matters Taxes and funding a small start up business with full time jobs income? Reply To: Taxes and funding a small start up business with full time jobs income?

#1137416
Healthy Personal Finances
Member
  • Total posts: 194
Up
0
::

Unfortunately I agree with the above.
Anything spent on the business can’t (generally) be used to reduce your taxable income earned from your salary and wage.

The tax office will also want to make sure the business is actually a business and not a hobby once you do start generating income.

Hope this helps.
Cheers
Stacey