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You are currently browsing the blog archives for May, 2013.

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Archive for May, 2013

Directors’ Loan Accounts

It is very common for directors to lend money to, or borrow funds from, their companies.  As many directors are shareholders in the companies they operate, it is easy for them to assume that funds can be taken out of “their” company without keeping appropriate records or properly considering the tax implications. However, it is[…] Read more »