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What Director’s Loan?
IIt can be difficult to know what you are entitled to take from your business and how to calculate this. Find out what is and isn’t classed as a director’s loan.
Overdrawn DLAs
If you don’t repay your DLA or, your business enters liquidation your director’s loan will become overdrawn. Discover what this means for you personally.
The Tax Implications
A director’s loan has a series of tax implications, especially if not paid back in time. Find out what these mean for you to avoid any nasty surprises.
What Happens In Liquidation
The biggest issue for anyone with a Director’s Loan Account is formal insolvency. At this point, you will be pursued personally. Explore the options available to mitigate this.
Your DLA Questions Answered
Directors’ Loans have many complex rules and can have serious personal consequences. We have answered some of the most common questions on these issues.
DLA Case Studies and Options
We have provided several real life case studies of Director’s Loan Account issues, how they were resolved and ultimately, how you can do the same.
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The construction industry is the backbone of our society, shaping our cities, infrastructure, and living spaces. But, behind the towering cranes and bustling projects lies a harsh reality: construction firms face a high risk of financial failure. In today’s economic…
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Navigating Personal Guarantees: Mitigating Director’s Risks in Business Loans
In a recent article, the Financial Times highlighted that the Financial Conduct Authority (FCA) announced its investigation into banks’ practices of requiring personal guarantees from directors of small businesses. This response comes following a ‘super-complaint’ by the Federation of Small…
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While recent reports bring a sigh of relief with inflation hitting a two-year low at 3.4%, the journey through economic turbulence is far from over. The falling inflation rates, albeit a positive sign, mask the underlying challenges many businesses face…
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