A director’s loan is typically when you receive money from your ‘close company’ that is not a salary, dividend (money you can draw from your company on declared profit), a repaid expense, or money that you have previously given to or loaned your company. We say typically because a director can also loan money to their company, and this is covered later in this article.
Making Tax Digital
THIS NEWSLETTER TOPICS: Helping businesses tackle the current financial climate! – Director tax-efficient salary recommendations – The New Basis Period Reform – Voluntary National Insurance Contributions – Today not Tomorrow!
The World Economic Forum has identified the cost-of-living crisis as the number-one global risk for the next two years.
Director tax-efficient salary recommendations, when is comes to starting a limited company.
Spend less time chasing payments and more time focusing on your business
Thinking of hiring from the EU?
VAT Deferral New Payment Scheme
Are you missing out on the Marriage Tax Allowance break?
When Wills, Lasting Power of Attorneys and Probate really come into their own!
TOPICS: Business Bounce Back Loans Property Taxes - April 2020 changes landlords need to be aware of Educate the ExecutorOther Covid-19 Daily Updates:Practice Number: 21331Jacqueline Tetley is licensed and regulated by AAT under licence number 5096.
JT AccountS Newsletter Issue Three: Published December 2019
JT AccountS Newsletter Issue Two: Published October 2019
A Self-Assessment tax return declares all your income for the tax year, including income that has already been taxed at source. If you have paid too much tax during the year you’re likely to receive a rebate. The tax year for every individual in the UK runs from 6th April to the 5th April of the following year. Please note that a Self-Assessment tax return is completely separate to a company tax return.