Tax Insider Tip: Loan Accounts - Caution When Borrowing Money From Your Company

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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

 

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>> Loan Accounts - Caution When Borrowing Money From Your Company

 

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