It is the time of year when the job market is populated with new graduates, fresh from receiving their university results, and a great time for your business to pick out a talented new hire.
Directors’ loans are money you borrow from your company, distinct from salary, dividends, or reimbursed expenses.
As a director, have you ever considered taking a loan from your company?
If so, it’s important to be aware of the potential risks associated with an overdrawn director’s loan account (ODLA).
An £884 million loan scheme for new businesses is to be expanded, it has been revealed.
Banks have been accused of “pulling up the drawbridge” on lending to small businesses.
Currently, the threshold for undergraduate loan repayments stands at £27,295 per year and will remain at this level from April 2022. As for post-graduate loans, the earning threshold will also remain the same, which is £21,000 per year. Read more…
If you received a Bounce Back Loan (BBL) during the coronavirus pandemic and took the cash as drawings, there may be additional tax consequences.
The Start Up Loans scheme has supported nearly 70,000 start ups and small businesses outside of London, new figures have revealed. Read more…
