What is better to pay taxes on, income, inventory or buy assets?
mechellmybell72 asked:
If I had $10,000 in income at the end of a year, which would be wiser to do. (1) Purchase more inventory and if so, would I have to pay taxes on that? (2) Pay taxes on the income. (3) Purchase assets?
This is based on a company in Florida which buys and resales merchandise that is shipped mostly out of state.
If I had $10,000 in income at the end of a year, which would be wiser to do. (1) Purchase more inventory and if so, would I have to pay taxes on that? (2) Pay taxes on the income. (3) Purchase assets?
This is based on a company in Florida which buys and resales merchandise that is shipped mostly out of state.
Tags: Pay Taxes, Purchase Assets