Tax Loopholes: Should You Try To Beat The 80/20 Rule? #shorts

If you're trying to figure out how to beat the 80/20 rule when creating a company with your friend? Well, let me tell you THIS. 👇

There are definitely some creative ways to make it work.

But if you're thinking about solely setting up a company to avoid the rule and take advantage of the tax benefits, you might want to think again.

The ATO is pretty savvy and won't fall for any sneaky tricks. 🔎

In the end, it's important to remember that the 80/20 rule is in place to prevent tax evasion and ensure fair taxation.

So while it may be tempting to find loopholes, it's always best to stay on the right side of the law. ⚖

#daviemach #company #tax #ATO