Hi All,

Hope all well.

Tax (income/corp) and business loan interest are two 'consequences suffered' by business owners.

From your experience with clients, which of the two do they tolerate most?. It applies to all business owners, including us.

Tax (oh dear!) only comes with profit (nice!) and crucial business loans (thank you!) comes with interest (oh dear!).

In my view tax is more tolerable because we get something out of it in terms of public services and SA302's/Tax overviews that help with mortgage/re-mortgage process. And if it were at all possible that as accountants we could guide business owners to grow their business from dividend reserves (cash) as opposed to loans (where interest is a cost), it would be much more worthwhile for them in many ways. But a fair many business owners seem to have a negative attitude on taxation. As such they'll need to overcome this for growth via dividend reserve to have a chance.

Just my thoughts. Keen to hear yours.

Thanks.

Farouk.