this post was submitted on 14 Dec 2024
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[–] [email protected] 1 points 2 months ago

Yeah so effectively everything that is paid to employees is considered an expense to business.

So for simple numbers

Bring in 10k through work,

Pay 5k in wages and then pay tax on the other 5k Small businesses is Australia pay 25 percent so you then owe 1250 in tax

Not pay tax on the 10k then make wages out of the remaining 7500