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Old 09-04-2003, 07:26 AM  
rowan
Too lazy to set a custom title
 
Join Date: Mar 2002
Location: Australia
Posts: 17,393
mGreg, I'd be interested to hear what you come up with. I'm still a sole trader paying normal income tax rates. My understanding of company tax is fairly limited, but my vague research didn't really suggest a great deal of benefit would be achieved by incorporating. For example, as a sole trader I can't claim my car as a business expense (since it's not actually used for business), and nothing changes with a company structure - it's still not a legal deduction since the car is for private use.

I know there are other benefits such as salary sacrificing, and splitting income with a partner, so I'd love to hear more.
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