What Are They and Why Should I be Bothered?

The most difficult question that I have to explain to clients is how they ended up with a director’s loan account especially when they don’t have a clue what it is so………… what is it?

The Director’s Loan Account Explained

Here is the shocker – any money that your limited company makes IS NOT your money. Your company is a separate legal entity, your new best friend.

There are only three ways to take money from your company and if you don’t get it right then you could end up with a nasty tax bill

• Take back money that you have lent to the company from your personal funds
• Take a salary through payroll
• Take dividends

Want to know more about how to get it right? Then please read on ……….https://mailchi.mp/hermit-business-solutions/directors-loan-account-information-sheet