Hi Langy I suggest you find an accountant that can grow with you - tell them you want to start off small but you will be growing.
As Elias says, it is actually more of a tax issue than anything else. Your accountant should be able to advise you on the following: 1) When best to transition from sole trader - pty ltd. I guess irrelevant to you since you are a PTY etc. 2) How much of your earnings to retain, and how much to "pay yourself". This is quite dependant on what you want to do with your business. Since if instead of "paying yourself" you can use the money in the business, you get the deduction and you pay less personal tax on it. The benefit in theory is increased equity and ultimate cash flow. Downside is you don't get the money. I hope this helps :) Kevin http://twitter.com/spellrus --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Silicon Beach Australia" group. To post to this group, send email to silicon-beach-australia@googlegroups.com To unsubscribe from this group, send email to silicon-beach-australia+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en -~----------~----~----~----~------~----~------~--~---
