Let's say for example I have 10k in inventory. I sell them all at 20k. expenses are 5k. I make profit of 5k. Now I have 15k. easy. simple.
I reinvest all this 15k to buy more inventory.
Lets say to do this all year long and I take no salary for myself. Do I have to pay tax for all profits invested back into inventory ? despite the fact I took no money home?
I reinvest all this 15k to buy more inventory.
Lets say to do this all year long and I take no salary for myself. Do I have to pay tax for all profits invested back into inventory ? despite the fact I took no money home?
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