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Outstanding Director's Loan - a no-no at year end?

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    #21
    Originally posted by Lumiere View Post
    £5k will only cover expenses for 2-3 months, still better than paying it with your own money.
    Why aren't you paying yourself your expenses back every month?

    Have you asked people you know who are permie and have expenses how long it takes for their employer to pay them back? If not, I suggest you ask a few people and follow one of their time scales.
    "You’re just a bad memory who doesn’t know when to go away" JR

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      #22
      Originally posted by SueEllen View Post
      Why aren't you paying yourself your expenses back every month?

      Have you asked people you know who are permie and have expenses how long it takes for their employer to pay them back? If not, I suggest you ask a few people and follow one of their time scales.
      yes, anything between 1 and 6 months

      same in my case, I prefer to group payouts by contract / location, rather than reimbursing monthly as in permanent employment.

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