<p>There are various ways to repay a <a href="https://www.goforma.com/small-business-accounting/what-is-directors-loan-account" target="_blank">director's loan</a>.<br></p><ul><li>Dividend: A dividend can be declared, and the money can be used to pay off the loan instead of being transferred to the director's personal account. </li><li>Cash repayment: A repayment is made by transferring money into the company account.</li><li>Expenses or salary: The loan can be paid off using other money to the director, such as the director's salary or expense reimbursements. <br></li></ul>
How do I repay a Directors' loan account?
Written by Jordan MaceyAAT
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Our small business accounting guide walks through absolutely everything you need to know if you're considering starting a limited company. From different taxes, limited company advantages/ disadvantages, how to pay yourself, and what your key filing requirements are.
- When to register a Ltd company
- When to register for VAT
- How to take money out of your company
- Dividend tax rates
- Limited company expenses & corporation tax
- Annual accounts and deadlines
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