So if you employ a software developer you can’t expense their salary?
Let’s say I hire a dev for $100k/yr and my product does $100k in revenue which just covers the developer’s salary. I have $0 left in the bank but owe tax on $80k in profit in the first year, is that correct or am I completely misunderstanding?
Let’s say I hire a dev for $100k/yr and my product does $100k in revenue which just covers the developer’s salary. I have $0 left in the bank but owe tax on $80k in profit in the first year, is that correct or am I completely misunderstanding?