Tax Insider Tip: Loan Accounts - Caution When Borrowing Money From Your Company
As a Company owner it is important to be aware of your actions, this article looks at some of the main points to consider in relation to director/shareholder borrowings. This does not necessarily mean just a formal loan arrangement, but can also cover a scenario where the director/shareholder has used company funds to pay for the odd private expense – which happens from time to time with many family companies.
In May's issue of Business Tax Insider, Lee Sharpe looks at some key issues to consider with director/shareholder loan accounts
As part of your 'three-free-issue' Business Tax Insider trial, you'll get this strategy plus 11 more delivered to your doorstep.
Go here to learn more:
>> Loan Accounts - Caution When Borrowing Money From Your Company
Happy Tax Saving!