Quote:
Originally posted by mGreg
My accountant told me that it was a bad idea to run a company if i was the only one working under it and it was pretty obvious it was me who was generating the revenue.
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I'd get a new accountant, unless he has come to that conclusion based on other facts that we don't know about.
I suppose a lot depends on the amount you expect to earn, but you can either have a family or unit trust sit under your coy and split the distribution of profit keeping one under $A60k.
or as you say keep the profits in the coy and pay only coy tax.
my advice would be to get another accountants opinion.