Hi,
I have a situation. I have a company that has been established last year, but hasn't been use yet. My husband is an independent contractor, getting paychecks on his name. Would it be beneficial to get his paychecks written on company's name and I would pay him "salary"? in order to lower income taxes that we are going to pay jointly?
My friends told me the accounter recommended to them to open company and get paid on company for lower taxes. Can anybody explain?
thank you
I have a situation. I have a company that has been established last year, but hasn't been use yet. My husband is an independent contractor, getting paychecks on his name. Would it be beneficial to get his paychecks written on company's name and I would pay him "salary"? in order to lower income taxes that we are going to pay jointly?
My friends told me the accounter recommended to them to open company and get paid on company for lower taxes. Can anybody explain?
thank you
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