Guitarhacker
I run a company here in the good old US of A and every year... for 21 years now, my company has shown no profit. As long as the company spends every dollar it makes on something that is tax deductible which the feds consider to be a legitimate business expense..... it's all good. That money goes into my pocket (figuratively) and gets taxed and spent... so no harm no foul.
Sounds like a good trick if you can do it..I also run a company, and could quite easily spend all my profit on tax deductible items. Trouble is, HMRC don't see 'food' as deductible, so me and mine would starve.
