Re:Ask HN: How to deal with the new territorial tax system
by gscott on Sunday March 25, 2018 @11:47AM
(#16672682)
As long as you don't produce a profit you won't be taxed.
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Re:Ask HN: How to deal with the new territorial tax system
by thewellofjake on Sunday March 25, 2018 @11:56AM
(#16672725)
I know that. But the company did produce profit I wanted to invest in expending the business
Re:Ask HN: How to deal with the new territorial tax system
by gscott on Sunday March 25, 2018 @01:02PM
(#16673099)
I think you can hold around 150k without being taxed on it if you are using it for future improvements if you are a corporation.
Re:Ask HN: How to deal with the new territorial tax system
by thewellofjake on Sunday March 25, 2018 @02:42PM
(#16673717)
Interesting. Do you have a reference?
Re:Ask HN: How to deal with the new territorial tax system
by gscott on Friday March 30, 2018 @06:08PM
(#16720202)
"Retained Earnings" is what you want to google for.
Holding companies are also interesting http://businesslawblog.ahbl.ca/2012/10/02/benefits-to-using-...