My annual CT paperwork / accountant tells me that the company personally owes me about a grand which I am entitled to take tax-free from the Director's Loan account.
I'm a bit confused how that comes about... I've never used this facility and the only money I ever put into my company was £50 for the initial shares being set up at formation time.
Anyone?
I'm a bit confused how that comes about... I've never used this facility and the only money I ever put into my company was £50 for the initial shares being set up at formation time.
Anyone?
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