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Easiest hack to save lots of money is registering as a company

29 April, 2023 · 1,243,031 views · 2,887 likes · 255 reposts

Easiest hack to save LOTS of money nobody is doing is registering as a company, it’s not hard

You can expense the stuff you buy for your work like laptop, flights, coworking rent, even coffee if you work in cafe, get sales tax (6-21%) back for purchases

You pay only corp tax (15-25%) on profits (your income minus your expenses above) and keep most money you make in your company, then pay yourself a low amount the rest of your life and you reduce your tax bill 100% legally

It's the same benefit in almost any country

Every rich person does this

Originally posted on X

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