Company Profits

Directorships and Employing a Company

Lets Points out how a company could benefit a business, and what directorship entails. When deciding whether to incorporate a business, tax is clearly a major factor; but it is not the only one, as a company is a separate legal entity – a body corporate, and one which needs to be properly managed by […]

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Writing Off a Director’s Loan

News / Chris John

Being a separate legal entity, the money within a company’s bank account belongs to that company, not the owners or directors. Tempting though it is for a business owner to help themselves to the company’s profits, they cannot do so unless it is declared as a dividend or paid as a salary or pension. There

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Company Profits

Directorships and Employing a Company

Writing Off a Director’s Loan

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