Director’s loan accounts explained

Director’s loan accounts explained, what is a director's loan account, how to use my director's loan account, can I take a loan from my business, who can take director's loans, do I pay tax on my directors loan, when do I need to repay my directors loan
0:00 Timestamps
1:16 What are director’s loan accounts?
2:54 What should a director’s loan account include?
3:31 Who can take a director’s loan?
3:41 Why would you want to take a loan?
4:19 Do I need to record director’s loans?
4:50 When will I have to pay tax on a director’s loan?
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Пікірлер: 15

  • @ukpipeline
    @ukpipeline2 жыл бұрын

    Very helpful and clearly explained. Thank you for posting.

  • @accountantshe

    @accountantshe

    Жыл бұрын

    Thank you for your feedback!

  • @sharpfocusproductions
    @sharpfocusproductions Жыл бұрын

    Very helpful! Thank you!

  • @accountantshe

    @accountantshe

    Жыл бұрын

    Glad it was helpful!

  • @wisdom_wellness365
    @wisdom_wellness36511 ай бұрын

    Very nice! I like it!

  • @accountantshe

    @accountantshe

    11 ай бұрын

    Thanks for watching!

  • @WendyFTBC
    @WendyFTBC2 жыл бұрын

    How do Director's loans differ from Shareholder loans?

  • @oluwadaresamueloketade9781
    @oluwadaresamueloketade9781 Жыл бұрын

    Thanks for this explanations it really helpful. But my question is if the director's loan has a credit balance in the previous year, and debit balance in current year or vice versa. What would be the effect in financial statement. Thanks

  • @accountantshe

    @accountantshe

    Жыл бұрын

    Hi, a credit on the balance sheet is a liability and a debit on the balance sheet is an asset :)

  • @wickramadesilva3855
    @wickramadesilva38553 ай бұрын

    Can we settle the DLA with any dividends due?

  • @HereAndCurious
    @HereAndCurious2 жыл бұрын

    Hello Rachel, What does one do if a Director withdraws over £200K from the company and hasn’t repaid it for over 9 months ? Thanks

  • @innerstandin_wil

    @innerstandin_wil

    Жыл бұрын

    Hi have you gotten a solution to this I am looking fir same thing

  • @reedee5306

    @reedee5306

    6 ай бұрын

    Must pay CT on this

  • @Nattystrong

    @Nattystrong

    5 ай бұрын

    Then the company has to decide to declare this £200k as a dividend and to pay dividend tax.

  • @azizmesser1562
    @azizmesser1562 Жыл бұрын

    🎊 𝔭𝔯𝔬𝔪𝔬𝔰𝔪