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A comment on How the Maker of TurboTax Fought Free, Simple Tax Filing (2013). Parent comment

Re:How the Maker of TurboTax Fought Free, Simple Tax Filing ... by krashidov on Monday March 13, 2017 @01:41AM (#13855493)
But couldn't you keep that money in a bank account and spend it on 'business expenses' without paying yourself a wage?
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Re:How the Maker of TurboTax Fought Free, Simple Tax Filing ... by rahkiin on Monday March 13, 2017 @04:38AM (#13856146)
At least in the Netherlands, that is not allowed. With an LLC you have to give yourself a living wage. Also, if you mark them as profit (not pay them to your employee (yourself)) you have to pay corporate tax. You also can't just deduct your breakfast.
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Re:How the Maker of TurboTax Fought Free, Simple Tax Filing ... by chongli on Monday March 13, 2017 @06:20AM (#13856550)
What if you share your breakfast with your spouse who also happens to be an employee? Then breakfast is actually a meeting!
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