Putting money into your limited company

[contractor79]

Presumably it's fine to put money into your own limited company if you need to? Say the business account is running low and you're on the bench and want to keep on paying for your mobile phone, accountancy charges, training etc ?

[Gonzo]

Presumably it's fine to put money into your own limited company if you need to? Say the business account is running low and you're on the bench and want to keep on paying for your mobile phone, accountancy charges, training etc ?

Yes. This will show in the books as a credit to the Directors' Loan Account until such time as you pay yourself back.

It is what the DLA is really for, rather than a way of deferring the income tax payable on £5000 of drawings which is what some of us use it for.

[FiveTimes]

Presumably it's fine to put money into your own limited company if you need to? Say the business account is running low and you're on the bench and want to keep on paying for your mobile phone, accountancy charges, training etc ?

what sort of training costs are you incurring ?

Have a word with your accountant and as you are on the bench they might reduce their fees