Tax in the Music Business
- 14077669
- Mar 21, 2017
- 1 min read
Tax is avoidable in a business when the item that money is being spent on is for business use and the percentage of tax taken away is relative to the amount of business use of that item. When purchasing new equipment entirely for business there will be no tax to pay on the equipment and after 3 years that investment is transferred over into personal expenses and there will be no tax to pay.
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