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  1. Terry_w

    Tax Free Threshold Query

    I see, so your income is $40k and your taxable income after deductions is $10k so you are basically not using up the tax free threshold. You could pay yourself another $10k and not pay any tax. But the company could claim this as a deduction. You might be able to fund this by making a loan to...
  2. Terry_w

    Tax Free Threshold Query

    Is the company making any profit now? If so where does it go?
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