Has anyone dealt with the write off of an overdrawn directors loan account where the director is the sole shareholder of the company.
directors loan account
Some alternative points of view and solutions greatfully received
Here's one for you.....
Property investment company, owned by one family. Mum & Dad are majority shareholders and are looking to exit.
Can a director be self employed in his own company, especially if this is his only source of income ?
if there is an accounting period of say 16 months and the director takes a loan in month 1 - do they have 9 moths after the extended period end to repay or 9 months after the CT period re s419
I’m looking at annual accounts for a small company where the directors loan account is in credit (company owes directors).
A company director has withdrawn money from the company during the year ending 31 March 2011.
I have a company with three directors.
Director had an overdrawn current account at end of tax year - nothing declared on a P11D - can we charge him interest on the loan at the statutory rates to avoid any P11D reporting?
Ltd co client with a financial year end of end Sept. Small co.