Tax Saving advise required, please help.
If we create a Trading Firm a group of 50 Pro Trader can we save more income tax as compared if traders trade individually. The idea is we can create non taxable level salary structure & claim salary of these traders as an expense, office rent, commuting expense etc.
Could you please advise us the best we can create a structure to save income tax & how much we can save in this way.
Please refer the link given in my signature to have more idea about Trading group idea.
If we create a Trading Firm a group of 50 Pro Trader can we save more income tax as compared if traders trade individually. The idea is we can create non taxable level salary structure & claim salary of these traders as an expense, office rent, commuting expense etc.
Could you please advise us the best we can create a structure to save income tax & how much we can save in this way.
Please refer the link given in my signature to have more idea about Trading group idea.
A single trader can put the balance 49 traders at risk if he speculates wildly.
Im case he gets in a loss spiral, all open positions may be squared up by the broker of other members also
The risks outweigh the taxes saved in a big big way