Articles

A director’s loan account (DLA) records transactions between a director and their company. This includes any initial investment made by the director, and all monies withdrawn from the business.

Limited company directors have a choice of ways in which to pay themselves. They can take a salary through PAYE, receive dividends throughout the year, or use a tax-efficient combination of the two.

If your business has taken a CBILS loan and is struggling to survive with liquidation a possibility, you may be worrying about your liability as a director.

Contractors running limited companies can claim director redundancy if they meet the eligibility requirements & are free of common IR35-related complications.

When your company enters insolvency and you fear liquidation may be the only option, it’s important to obtain advice from a licensed insolvency practitioner (IP).

Insolvency law in the UK requires company directors to fulfil certain obligations which can be scrutinised when a company enters insolvent liquidation.