12 February 2008
My client carries on a part-time trade via a limited company.
When preparing the 31 March 2007 accounts and 2006-07 tax return I found that the director's account was overdrawn by just under £1,000. This is a secondary source of income for the client and, in the past, earnings have been left in the company and no remuneration or dividends have been drawn.
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