Quote:
Originally posted by Ross
Oh no sorry. I'm not saying that. I mean someone who has their own company but for tax reasons is "on paper" as an employee of that company. Then they get paid a salary.
I know someone who does this. His accountant told him its the best way to do so. Dunno why!
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People do this because you can then expense a great many things to the company and those expenses are counted as pre tax, thus saving you money when it's time to pay uncle sam.