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Re: Best tax outcome for individual

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I'm new

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Replies 1

Would like some advice on how best to handle personal tax based on the following situation

 

Salary - $115k

Contract opportunity to earn $40k on top of salary

 

To attract best tax outcome should you take contract as an employee and pay tax as normal, set up a family trust, or other

 

 

1 ACCEPTED SOLUTION

Accepted Solutions
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Most helpful response

Devotee

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In short - No - trying to "structure" around employment income/PSI is an exercise in futility. It would only yield additional compliance costs.

1 REPLY 1
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Most helpful response

Devotee

Replies 0

In short - No - trying to "structure" around employment income/PSI is an exercise in futility. It would only yield additional compliance costs.