Hi guys, I'm real new to share trading so please go easy!
Currently, I have a company structure in place - originally set up for my music business/studio (money pit) for liability concerns on advice from my lawyer wife (not a finance lawyer!). It's been running at a loss for the last couple of years due to quite high outlays and as I'm juggling that with raising kids so it's not been a full time focus. Now we are keen to use the company to buy shares and utilise that current loss for tax purposes (if that would be advantage to do so?). Haven't yet gone to the accountant yet but would be keen to hear any opinions, suggestions on what we can do/how we should best go about it?
Thanks in advance,