Ive heard that its best to start a company asap because you can claim more buisness expense related deductions. Is there a big difference between sole trader and a company when it comes to the deductions?
That's a myth. It doesn't matter your structure, you can still claim any business deductions. That doesn't change between a sole trader and a company. There is a range of other differences between the two entity types though.
Ive heard that its best to start a company asap because you can claim more buisness expense related deductions.
Is there a big difference between sole trader and a company when it comes to the deductions?
That's a myth.
It doesn't matter your structure, you can still claim any business deductions. That doesn't change between a sole trader and a company.
There is a range of other differences between the two entity types though.
Well done
Thanks!