Overdrawn directors loan accounts: Don’t forget tax!
Overdrawn directors loan accounts: Don’t forget tax! https://steppingstonesaccountancy.co.uk/wp-content/uploads/2021/08/overdrawn-directors-loan-accounts-min.jpg 758 513 Stepping Stones Accountancy //steppingstonesaccountancy.co.uk/wp-content/uploads/2017/01/stepping-stones-acountancy-icon.pngA director’s loan account (DLA) documents the transactions that occur between a director and a company. It includes salary, dividends, expenses, director’s personal bills paid for by the company and reimbursements. If the DLA becomes overdrawn by more than £10,000 and the company is a close company, there is a potential for a benefit-in-kind charge…
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