Quote:
Originally Posted by bronco67
Can anyone answer this?
Under the advice of someone, I basically come out with zero profit, and only file personal income tax. So I buy the right amount of business expenses(which I need) and pay myself salary so that on dec 31, my business shows no profit.
Is it bad to go this way, while we're talking about things that could get you audited?
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Who is "someone"? Don't listen to "someone" or people from GFY. Listen to a lawyer or accountant. They really aren't that expensive in exchange for the knowledge and experience they can share with you.