Ep 22: Should you pay yourself a salary?

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This week Mena and Stuart discuss the common factors that business owners should consider when deciding whether to pay themselves a salary including:  

• Payroll tax and work cover considerations  
• Easier to manage tax liabilities  
• Forced savings  
• Div 7A problem loans  
• Borrowing capacity  

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IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.