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Friday, April 08, 2011 9:59:05 PM
Regarding profits, I think profits for a private company would be reported a little differently than if the company were public. I own a small business and my goal is to show no profits (or as little as possible) in the company to help keep taxes down, so I transfer all money from the company to me as my income, which prevents it from being taxed twice. Maybe this is why the personal compensation is soooo high? Not sure.
Not sure of the tax structure in the UK. Anyone have any insight on this??
Thanks
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