Wallace Thomas

Hiring your spouse can result in substantial tax savings, but only if you pay your spouse solely, or mainly, with tax-free employee fringe benefits instead… Read More »Can I Pay My Wife To Avoid Tax?

But the truth is your business’ structure doesn’t matter. Sole traders, partnerships, companies and even trusts can pay spouses a regular wage for services such… Read More »Can I Pay My Wife To Do My Bookkeeping?

Unlike other businesses that can be passed down from generation to generation or continue to exist long after the passage of its original board of… Read More »Does Sole Proprietorship Have Limited Life?

Sole proprietorship is a business solely owned by one person, while private limited companies have various directors and shareholders that make up the entire company.… Read More »What Is The Difference Between Sole Proprietorship And Private Limited?

Limited liability partnership (LLP) is a type of general partnership where every partner has a limited personal liability for the debts of the partnership. Partners… Read More »Is Partnership A Limited Liability?

sole proprietorship. A sole proprietorship is the easiest and simplest form of business ownership. It is owned by one person. What type of ownership is… Read More »What Form Of Business Ownership Is Generally The Simplest For A Small Business?

Self-Employed – Working for oneself as a freelancer or the owner of a business rather than for an employer. Entrepreneur – A person who organizes… Read More »What’S The Difference Between Being Self-Employed And An Entrepreneur?