This may sound like a silly question, but for income tax purposes there are two types of company, and the main difference is in the way the profits (or losses) are dealt with. Regular company (my description). Unless you elect…
Look Through Companies and profit division
Business taxpayers in New Zealand requiring a simple way of splitting their earnings should consider using Look Through Companies. Look Through Companies allow the profits of a company to be passed directly to shareholders. This means that their profits are split…