For many owner-managed businesses, the Director’s Loan Account (DLA) is one of the most commonly used yet most misunderstood parts of the company’s finances. Used well, it can offer flexibility and convenience. Used badly, it can trigger unexpected tax charges, increased scrutiny from HM Revenue & Customs (HMRC), and cash‑flow issues for both the director […]
Tag Archives: company directors
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Aug
Aug
The Court of Appeal recently overturned the High Court’s decision, prompting all of us to pay closer attention. All of us may be culpable of withholding the whole truth if we think it will benefit others around us. However, in a business setting, the Court of Appeal redefines the boundaries of honesty for directors. In […]