Top Tip - Director Loans
Have you lent money to your company?
If you have, were you aware that you can charge interest on the balance? It’s a great way of ensuring you are not losing out.
If you choose to charge interest it counts as a personal income for you and also a business expense for your company, but there are some extra forms to fill in.
If you need help just give us a call we will be happy to talk you through it.
Call: 01322 555 442