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I would have thought the directors would not have to be there at all Unless it had expanded to a considerable size. A good accountant and they would only need to consult him perhaps twice a year . A lot of self employed companies consist of family members and arent complicated just set...

inflation and tax deduction can repay loan. They can be deductible just one example is using chattell mortgage, or leasing the, payments are deductible. Finance with no penalty early payments. If it is a high income make extra payments on leased equipment. Income will be low...

Many self employed people operate as a company to limit tax divedends are taxed and allocated in such away minimal tax is paid. Even so the maximum tax rate is 30%. Just because you are self employed doesnt mean you are a sole trader. Are we in australia or on a different planet.

The buisiness expenses are made because they are tax deductable in the present year , but produce income in future years . Its a transfer of wealth to the future, a wage earner transfer his wealth to the government. It is no misconcetion you can have nil taxable income, have high gross...

JUst goes to show kiyosaki is talking crap if he says the self employed are the highest taxed. The self employed use loans , which is what the "OPM" spruickers talk about is. They have many legitimate ways to minimize tax They have many more options than a wage earner to reduce tax. It...