Directors loan account, what is it? A director’s loan account (DLA) records transactions between the director and the company. It is a record of either money lent to the company or borrowed from the company. The tax treatment of these transactions depends on whether you have lent money to the company or are borrowing from […]
Tag Archives: Directors
08
Jan
Jan
As a well-established professional firm managing hundreds of businesses, we have encountered numerous situations where having a shareholders’ agreement would have saved time, money, energy, and a great deal of stress. Therefore, for those of you operating through a company, this serves as a reminder of why your business needs a shareholders’ agreement. What the […]
23
Oct
Oct
As experienced accountants, we are accustomed to frequent changes from HM Revenue & Customs, but changes from Companies House are less common. However, there are proposed amendments to the Companies Act 2006 that will introduce identification verifications at Companies House. We are expecting more changes down the line as well so watch this space. A […]