Quote from: hehehe on August 30, 2012, 04:53 pmMedium to low cash volume 10 grand (in $ equivalent) a month if I'm lucky these are few and far between months, otherwise normally between 3-4 grand a month. The money accumulates and I just want to keep it safely in a bank account. I don't have any plans for investment or expenditure for the foreseeable future, just want to keep it accumulating and live off it when i retire. The money is not illegally generated it's my proper self-employed business, it's just that I'm fed up of giving half of it away in tax.Depending on your jurisdiction there are plenty of ways to funnel money out of your company to reduce your personal tax bill - cutting your wage and making up the shortfall in perks and benefits is one legal way of doing so. Perhaps you can claim tax back on items bought for your business? It's not hard to develop a system whereby you can funnel a couple of thousand a year out of your company this way, whilst taking a reduced wage so as your company doesn't suffer but you come out with a similar net wage, tax-free. This method isn't legal so will require some planning.Or perhaps consider paying yourself claimable expenses? These are normally tax-deductible, and are another way you can reduce your personal tax bill without venturing into illegality. (Check your local and federal/state/country laws thoroughly before implementing any of the above methods.)As always, it's important to ensure that you live within your means, otherwise you risk drawing attention to yourself and having the taxman knock on your door.- grahamgreene