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Podcast: Wealth Made Simple Podcast
Episode: If I Lend Money to my Company can I Charge Interest?
Description: If I lend money to my company can I charge interest? Shaz looks at a question from his community about the interest and tax implications of lending money to your company There are things several things to consider in this situation around whether you will need to pay income tax on any interest and this depends on your personal situation. You can charge interest if you want or not if you don’t, you can design and control the situation to suit you. KEY TAKEAWAYS You don’t have...