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Benny Browning
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JamesMillar, post: 267712, member: 5318 wrote:
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).

I completely understand where you are coming from [USER=5318]@JamesMillar[/USER] but I needed to have a consistent income stream in which to present to banks so to successfully purchase property. Paying myself weekly gave me consistency in income. I’m pleased to say it has assisted my family by delivering shelter in a safe suburb. (Have I contributed too much?)
Now I have purchased would you be suggesting there is a better way for me to be receiving regular (less taxed) income from my business? Not that I don’t like new parks and roads which I have clearly been putting my two cents worth into!!
Cheers,
Ben
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