Originally posted by cwah
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Director Loan Accountmerely at clientco for the entertainment -
Care to explain what you are trying/hoping to do?Originally posted by MeIsMark View PostLooks like another of my plans is not feasible....
…Maybe we ain’t that young anymoreComment
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A quick glance at his previous posts will tell you all you need to know.Originally posted by WTFH View Postmerely at clientco for the entertainmentComment
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Maximise his take home income in a legal way, can't knock anyone for thatOriginally posted by WTFH View PostComment
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It isn't his take home pay that he has an issue with - he's trying to use his wife's spare allowance without impacting his.Originally posted by pr1 View Post
And it's only an issue because he didn't ask his accountant (as he didn't have one) before he set things in motion.merely at clientco for the entertainmentComment
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No but can when they are just tying to guess work arounds without speaking to experts like accountants and trying to fully understand how it works before they ask.. Like Pscont never did...Originally posted by pr1 View Post'CUK forum personality of 2011 - Winner - Yes really!!!!
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The Director Loan account can go both ways, it may be overdrawn when the director owes the Company money, it may be in credit if the Company owes the Director money or the Director has lent the Company money.Originally posted by cwah View Postmerely at clientco for the entertainmentComment
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Yes but what does that have to do with dividend? You declare and pay the dividend and thats itOriginally posted by eek View PostComment
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You declare it - what happens if you don't pay it immediately? the company will have £x in a dividend payment that it owes a director and that money has to be accounted somewhere which would be record as a loan from the director to the company.Originally posted by cwah View Postmerely at clientco for the entertainmentComment
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