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Because UKBA takes the gross if I draw a salary and net if I retain the profit within the business. Does this make any difference to a sole trader?
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dylan wrote:What is the difference between drawing a salary from my business and retaining the profit within the business if I am a sole trader?![]()
Because UKBA takes the gross if I draw a salary and net if I retain the profit within the business. Does this make any difference to a sole trader?At the end of the day I would keep all the profits in any case. Please help me to clear this confusion