- Original Poster
- #1
Please help! This is one query that needs to be tied up - fortunately I am now investigating London based travel specialist accountants!
Where a limited company utilises a personal loan to pay for start-up costs, how can this be redirected from the business account without counting as salary.
i.e. The Personal Loan comes out of director's private bank account to the loan company, so repayments needs to go from Business Account to Personal Account without appearing as 'salary' and attracting taxation of any sort.
Where a limited company utilises a personal loan to pay for start-up costs, how can this be redirected from the business account without counting as salary.
i.e. The Personal Loan comes out of director's private bank account to the loan company, so repayments needs to go from Business Account to Personal Account without appearing as 'salary' and attracting taxation of any sort.
