Originally posted by SandyD
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My question was simple, I was not asking your permission on whether I can take a loan or not, taking a loan is perfectly legal as long as the director abides by all the legal and tax matters, yes it may not be the most tax efficient, but sometimes its a necessity. I do have a tax advisor, however, I like to ask some questions here prior to speaking with him, then I can make up my mind.
I know you've got a cob on with me but if you take the chip of your shoulder you might see all my questions were directed in an effort to try helping you.
A perfect example is Simes chiming in and getting it utterly wrong to show he doesn't understand how loans work. He won't admit it but I've helped him by digging further in to the topic.
Others and I are entitled to ask questions even simple ones on this forum.. if we don't then what's the point of this forum??
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