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James Millar
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Benny Browning, post: 267469, member: 116109 wrote:
Definitely pay yourself a wage as a business owner! Give yourself what you need to survive but retain what you can into a cash holding for the business so you retain funds in order to grow the business.
I am on the payroll my book keeper treats me like any employee I get paid a wage and pay super etc etc
Ben
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There are no definites with the information as presented. There are numerous factors that could result in significant tax savings that need to considered (unless of course you want to pay more tax than necessary – in which case Australia thanks you for the donation).

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