How Do Directors Pay Themselves?

How Do Directors Pay Themselves?

Being a company director means you can take a more flexible approach to how and when you pay yourself. In most cases this means taking a tax-efficient ‘split’ income, where part of the money you pay yourself from the company comes from a salary, and the other part comes from dividends. This tax efficiency is…

How do I account for a directors loan?

How Do I Account for A Director’s Loan?

As the director of a limited company you can use a director’s loan to borrow money from (or lend money to) the business. We explain what a director’s loan is, how it works, and how to account for this in your company’s bookkeeping. What are director’s loans? A director’s loan is when you, as a…