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Getting it all to add up

The questions independent practitioners are asking their accountants – answered! If there is something about your business accounting you are unsure of, never be afraid to ask your accountant.

Susan Hutter answers some of the most frequent questions she has recently been receiving from private doctors.

accountants-clinic-silhoutte-1Q I trade through a company and I have a large cash pool that I don’t need to draw on. What can I do with it?

A A company can invest in stocks and shares and also property – you don’t have to draw the money out to invest.

If you did, this would give rise to dividend tax, which is expensive.

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