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Please, can you advise? If director does not have any proper
HelloPlease, can you advise? If director does not have any proper income, getting JRS grant for paying his wages. Can he take out around £8000 loan via his business and then take these money out from … read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
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1. Is it possible for a Ltd company to lend a person or
1. Is it possible for a Ltd company to lend a person or another Ltd company money ? Does they have to be any special circumstances for this to be allowed ? Does the Ltd company have to charge interest… read more
bigduckontax
bigduckontax
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Julie, if an individual with two companies (A and ) wishes
Hi Julie, if an individual with two companies (A and B) wishes to move a credit balance director's loan account from company A to company B, how can this be achieved without incurring a corporation ta… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
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I am completing abbreviated accounts for companies house.
I am completing abbreviated accounts for companies house. I have left it to the last minute (they are due on Sunday) and have no realised I am struggling to work it out. My main question is about shar… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
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I have setup a limited company 4 years ago as a company director.
I have setup a limited company 4 years ago as a company director. For tax saving reasons we have only declared up to personal allowance for my salary. I need to raise £100k to do my own house extensio… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
A certain close company has a year end March 31st. It wants
A certain close company has a year end March 31st. It wants to declare a dividend to clear substantial loans to its directors before year end to avoid the company paying 25% ACT. If it declares a fina… read more
Tony Tax
Tony Tax
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High School or GED
16,712 satisfied customers
Re Directors Loan Account- overdrawn - two queries. 1. if
Re Directors' Loan Account- overdrawn - two queries. 1. if the debit balance has increased since last year (i.e. not repaid and worsened), is it only the increase in the balance which suffers the 25% … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
i want to have a company loan for 60k,(im a directer with full
i want to have a company loan for 60k,(im a directer with full control ), but i dont want to pay for 3 years once the csa are off my case what will be the tax implication andy… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
I have a client who runs a limited company and for many years
I have a client who runs a limited company and for many years has overdrawn on his directors loan account. This has resulted in his having to pay S419 corporation tax for each of the last four years. … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
I am a contractor running a limited company with myself as
I am a contractor running a limited company with myself as the director and employee. When my corporation tax was due, an extra £3500 of notional tax was added due to an overdrawn directors loan of £1… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
borrowing money from my ltd company I have a limited company
borrowing money from my ltd company I have a limited company and money in my business account. If I need money, can I withdraw money form my business account use it for 4-5 months and put it back. wil… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
CHANGING FROM A SOLE PROPRIETOR BUSINESS TO A LTD COMPANY. Hi, At
CHANGING FROM A SOLE PROPRIETOR BUSINESS TO A LTD COMPANY. Hi, At the moment the business is a sole proprietor, vat registered business. From the 1st January 2012 it will become a ltd company and I ne… read more
mark25551
mark25551
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HI, what is the most efficient way to withdraw £6k per month
HI, what is the most efficient way to withdraw £6k per month from my closed company with only one director, me? Currently I pay myself £10k salary,£32k dividend gross, expense £1k an month via the bus… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,176 satisfied customers
i have just filed my last years limited company accounts (2009-2010).i
i have just filed my last years limited company accounts (2009-2010).i noticed that on the balance sheet my accountant has marked, "debtors -£85,000". i dont have anyone owing me money in the business… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
Have taken money out of company over the years and not declared
Have taken money out of company over the years and not declared for tax purposes. Coming clean, is it best to classify this as directors loan account or payment (e.g. dividend)? Would HMRC give me an … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
I have my own limited company working as a consultant, I have
I have my own limited company working as a consultant, I have a directors loan which I need to repay by 9 months after my year end. Can I offset expenses paid out of my own bank account against this l… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
H ave just received my accounts back, and found out my accountant
H ave just received my accounts back, and found out my accountant put me down as having a 7k directors loan. He advised to pay it back to the company out of my personal funds, I was not expecting such… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
Hi, I need to find out about repaying the Directors Loan account
Hi, I need to find out about repaying the Directors Loan account by releasinga formal contractural procedure as on HMRC website… read more
TEAP007
TEAP007
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