No retained profits – Can you extract cash to cover your living expenses?
If you operate through a limited company, for example as a personal or family company, you will need to extract funds from your company in
If you operate through a limited company, for example as a personal or family company, you will need to extract funds from your company in
Directors’ loan accounts – avoiding the risks HMRC produce a series of toolkits which set out common errors that they find in returns. The hope
HMRC commonly find errors in relation to directors’ loan accounts when making routine reviews of company tax returns. This article looks at the importance of
In a personal or family company, the lines between the directors as individuals and the company are often blurred – the director may lend money
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