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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it depends on many factors... how much you made? if you are incorporated, what type? etc one strategy isn't right for everyone, so talk to your accountant to work out the best strategy for yourself
