Tax Efficient Borrowing. Another Great Tip From Harnett Accountants Twickenham

If you need to borrow money from a bank or other lender, it is more tax efficient to secure the loan on a business asset, and treat the loan as a business loan. This way the loan is a business expense and taxed as such. However if you secure the loan on a personal asset, you will have to pay a higher rate of tax. So if you own a business, and you’re looking for accountants Richmond, why not get in touch and we’ll arrange a free, one hour no obligation consultation to discuss all of your accounting and financial planning needs.

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