Really, because it is a benefit for the lender, not the business while you usually have to pay tax on Business Loan Protection premiums, the payout is typically received free from any tax

13 May 2020

Really, because it is a benefit for the lender, not the business while you usually have to pay tax on Business Loan Protection premiums, the payout is typically received free from any tax Considering that the insurance coverage is certainly not technically for the benefit of the company (instead this is the loan provider who…
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