If I earn 100k and my spouse earns 0, can I register an ABN and start a business, then employee her (for appropriate services) for 50k per year?
I figure if the business earns more money than her income then that's great, we've just started a successful business.
But if the business doesn't, then it will be a tax deduction for me and overall we will pay less tax.
Am I missing something? It seems like a win-win?