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Posts Tagged ‘Sydney accountant’

After finalising the costs required to keep your business in operation (wages, debts, licences, taxes, etc.) you may well think that whatever is left can be put straight back into your pockets. This is basically true, in a sense, if you are the sole owner of the business. It can also be easily achieved in partnerships by bumping up your salary or paying dividends.

Taking all profits and any more than a modest wage out of your business is, however, a very foolish mistake. Here is 5 key reasons why every Sydney accountant would tell you the same thing: