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
Very helpful and clearly explained. Thank you for posting.
@accountantshe
Жыл бұрын
Thank you for your feedback!
Very helpful! Thank you!
@accountantshe
Жыл бұрын
Glad it was helpful!
Very nice! I like it!
@accountantshe
11 ай бұрын
Thanks for watching!
How do Director's loans differ from Shareholder loans?
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
Жыл бұрын
Hi, a credit on the balance sheet is a liability and a debit on the balance sheet is an asset :)
Can we settle the DLA with any dividends due?
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
Жыл бұрын
Hi have you gotten a solution to this I am looking fir same thing
@reedee5306
6 ай бұрын
Must pay CT on this
@Nattystrong
5 ай бұрын
Then the company has to decide to declare this £200k as a dividend and to pay dividend tax.
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