Best Accountants in Enfield

Let us start with clarifying, what exactly is a director’s loan? A director’s loan is typically when you receive money from your ‘close company’ that is not a salary, dividend (money you can draw from your company on declared profit), a repaid expense, or money that you have previously given to or loaned your company. We say typically because a director can also loan money to their company, and this is covered later in this article.