Every limited company is different. Some may be run by a board of experienced senior members with (at least) one director, and others are run by one person who takes on the role of the sole shareholder and company director. Whatever the structure, the role of the company’s director doesn’t change – they make sure…
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. The road to tax-efficient…
As the director of a limited company you can borrow money from the business (or lend money to it) and account for it as a director’s loan. There are all sorts of tax implications involved though, so it’s incredibly important to keep good records. We explain what director’s loans are, how they work, and how…
