The Director’s Loan Account is a record of all the transactions between the director and the company. There are three ways a Director’s Loan Account may be recorded. One, when the director doesn’t take any money out of the company aside from salary and dividends, the Director’s Loan Account will have zero balance. Two, when …
Springtime is just around the corner, and we all know what that means – budgets! UK Spring Budget 2021 and grants extension. Oh, were you expecting something else? Kidding aside, let us get down to business. This previous week, Chancellor Rishi Sunak has announced a few updates that will undoubtedly impact SMEs or Small to Medium Enterprises, …
There are many reasons you might not be able to pay your taxes by the appointed deadline. Whether it may be a financial problem or some unforeseeable circumstance, not paying taxes can lead to more expensive problems down the road. So what do you do if you can’t meet the deadline for personal tax payment? …
The past nine months since COVID-19’s global spread has pushed the UK government to make drastic economic, political, and legal moves to ensure the safety of the citizens’ lives and livelihoods. New hospitals were created, clinical trials were pushed as a priority, and the government has come up with several strategies to protect the job …
