My friend James owns a manufacturing company and was interviewing for a warehouse manager position.
One candidate – a balding gentleman – excused himself after five minutes and returned to the interview room wearing a hair piece. Sort of odd. I guess some people just don’t plan ahead very well. Turns out he didn’t get the job.
Failing to plan ahead when it comes to your income taxes can be even more costly. Last week, I shared some tax issues related to those who own a corporation. This week, I want to share a primer on how to get money from your company in a no- or low-tax manner. Here are the top ideas to consider.
1. Take repayment of shareholder loans.
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