Directors loan end of year

[CoderSaturn]

Hi,

My year end was February and my accountant has finalised my accounts and informed me that the Directors Loan Account has a debit of £450, that must be repaid. This was a bit of a surprise.

What implications does this have to me and my company, if any? I.e. tax.

How do I pay the money back to my company?

Thank you.

[malvolio]

Declare a dividend but don't pay any money...?

[northernladyuk]

Hi,

My year end was February and my accountant has finalised my accounts and informed me that the Directors Loan Account has a debit of £450, that must be repaid. This was a bit of a surprise.

What implications does this have to me and my company, if any? I.e. tax.

How do I pay the money back to my company?

Thank you.

Transfer using internet banking.

[Paddy]

Hi,

My year end was February and my accountant has finalised my accounts and informed me that the Directors Loan Account has a debit of £450, that must be repaid. This was a bit of a surprise.

What implications does this have to me and my company, if any? I.e. tax.

How do I pay the money back to my company?

Thank you.

Invoice your Ltd Co for "loan risk assessment fee" or annual H & S at work check.

[northernladuk]

Why didn't you ask your accountant when he advised you? That is kinda what he is there for.

EDIT : I see you still haven't learnt which part of the forum is which yet... but how did you renewal negotiations go?

[SueEllen]

EDIT : I see you still haven't learnt which part of the forum is which yet... but how did you renewal negotiations go?

I'm so tempted...

[SueEllen]

Though maybe a bit of radiator bleeding....

[SueEllen]

Chutney!!!

(Spoon is at 3:43)

[CoderSaturn]

Why didn't you ask your accountant when he advised you? That is kinda what he is there for.

EDIT : I see you still haven't learnt which part of the forum is which yet... but how did you renewal negotiations go?

Good thanks, they offered £500 a day in the end.

[CoderSaturn]

Declare a dividend but don't pay any money...?

Okay thank you. Essentially I'll be paying the 7.5% dividend fee this way, I thought there would be a different way around it.