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Tag: Overdrawn Directors Loan Accounts

Overdrawn Directors’ Loan Accounts – problem for small company owners

There has been a recent tightening up of the rules relating to overdrawn loan accounts in what HMRC describe as … More

Overdrawn Directors Loan Accounts

Our views on current issues

Small Limited Liability Companies and borrowed finance during the Covid-19 lockdown

The section 455 surcharges on overdrawn directors’ loan accounts will increase during and after the current business lockdown. Especially in sectors that are not currently active, such as freelancers and leisure related sectors. Small Companies that fall into the category of Close companies, normally with less than 5 Directors or major shareholders, have been encouraged … More

by helpfulbeancounter 31st Jan 202231st Jan 2022

Virtual Finance Director to SME’s

Many small growing companies do not have a Financial Director, but need support in order to develop their businesses. This is often the type of support that their Auditors / Accountants are unable to provide. These companies need someone who can be part of their management team, but is not going to cost them at … More

by helpfulbeancounter 31st Jan 202217th Jun 2022

Our guide to the 2021 Budget Statement

This is a basic guide, prepared by ACCA’s Technical Advisory team, for members and their colleagues or clients. It’s an introduction only and should not be used as a definitive guide since individual circumstances may vary. Specific advice should be obtained, where necessary. The message from the Chancellor was we are entering a ‘post covid … More

by helpfulbeancounter 7th Nov 2021

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