Google Answers: Tax benefits of Self business vs Contract Employment in Australia

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Q: Tax benefits of Self business vs Contract Employment in Australia ( No Answer, 0 Comments )

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Subject: Tax benefits of Self business vs Contract Employment in Australia
Category: Business and Money > Small Businesses
Asked by: psmsis-ga
List Price: $10.00

Posted: 03 Apr 2005 00:53 PST
Expires: 03 May 2005 01:53 PDT
Question ID: 504252

I have just migrated to Australia and am working on a 6- 12 month
contract for a large multinational company. I feel that if I form my
own 1 person company and do the same work through my company, there
will be substantial tax benefits for me; because then I can justify
housing, car, air travel, etc. as business expenses. Can
someone give me idea on how substantial will be my tax savings? Are
there any downsides to this?

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