This week we are going to look at the tax implications of taking a loan from your company. We will look at Setting the scene Company Tax Benefit in Kind [BIK] Loans not caught Can Teddy do better? Summary Setting the scene? Teddy Moore set up a new company in February of 2020 called Getmoore
Tag Archives: Company loan
06
Aug
Aug
A question that we often get asked from SME business owners is – “Can I borrow money from my Company?” The thinking here is along the lines of…..…..sure it’s my company, my money! Unfortunately this is not so. The Issue Let’s take a company called Sunny Summer Limited. Sunny Summer Limited happens to rent out
