Director Loan Account Explained 2020-2021
22.2 هزار بار بازدید -
4 سال پیش
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The Director Loan account is
The Director Loan account is an extremely useful tool available to a company director. It allows you to extract liquid cash from your company for personal use as well as being able to lend your company money should this need arise. In this video we're explaining the basics of the Director Loan account as well as how the accounting works for overdrawn director loan accounts & loans to a company from a director.
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FREE DIRECTOR LOAN AGREEMENT DOWNLOAD →
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Full HMRC Interest Rates →
🌏 https://www.gov.uk/government/publications/rates-and-allowances-beneficial-loan-arrangements-hmrc-official-rates
⏱️ Time Stamps:
https://www.seevid.ir/fa/w/qA-4IDapuKg - What Is A Director Loan Account?
https://www.seevid.ir/fa/w/qA-4IDapuKg - How Much Can A Director Borrow / Lend?
https://www.seevid.ir/fa/w/qA-4IDapuKg - How Does the Accounting Work for a Director Loan Account?
https://www.seevid.ir/fa/w/qA-4IDapuKg - What Taxes Are Potentially Payable On a Director Loan Account?
https://www.seevid.ir/fa/w/qA-4IDapuKg - Recommended Paperwork [FREE DOWNLOAD]
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Put simply, a Director Loan is money you take from your company that is not a salary, dividend or money you have not previously loaned your company. The director loan account can take 1 of 2 forms: If you borrow money from your company this can be referred to as an Overdrawn Director Loan account, and when you lend money to your company and this can be referred to as a Loan From Director.
In this video we'll also explain the Section 455 Tax Charge, which is incurred when you have an outstanding director loan and you haven't paid it back within the 9 month window after your company year ends. The S455 tax charge is 32.5% of the total loan amount, which is potentially quite a hefty sum to pay over to HMRC, the good news is that you can claim this back whenever you have repaid the director loan.
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4 سال پیش
در تاریخ 1399/08/23 منتشر شده
است.
22,205
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