Documents related to 'Director's loan account write-off letter'
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Company director's loan agreementYour company has agreed to make a loan to one of the directors. Use our model loan agreement to get the terms agreed in writing.Helping handLoans to directors are permitted, as long as the shareholders are given basic ... Read more
24 Oct 2018
Resolution of general meeting to approve a loan to a directorCompanies can make loans to their directors, provided a memorandum setting out the terms and purpose of the loan has been approved by the company's shareholders.Loan approvalTo obtain the sh... Read more
21 Mar 2014
Election to aggregate employer loansNormally, where a company has made a number of loans to a director the taxable benefit for each must be calculated separately. However, an election can be made to aggregate them.cheap rate or zero interest loans Wh... Read more
11 Jun 2018
Memorandum of terms of loan to directorIf you need the shareholders' consent for a loan or similar financial help that the company is planning to give to a director, you must provide them with certain details of the transaction. Use our model to make ... Read more
13 Aug 2018
Interest payable on loan account minuteWhere a director's loan account is in credit, the board can agree to pay interest on the balance. This should be recorded in a board minute.When to use this board minuteIt's advisable to set out the terms and cond... Read more
21 Mar 2014
Model signature clausesIt is important, both for the company and the signatory, that contracts and other documents are signed properly. Our model sets out appropriate signature clauses for different situations.Is execution required?In most cases, the... Read more
07 Dec 2018
Minute - appointment of director(s)The company is looking to appoint a new director. Use our draft minutes to ensure that everything's above board in the boardroom.AdviceBefore the current directors decide to appoint a new director to the board, it's a... Read more
26 Sep 2009
Written resolution to approve loan to a directorThe shareholders' consent is required for loans to a director, and similar financial help. In most cases, a written resolution will be the easiest way of doing so. Shareholder approvalIf a company decide... Read more
21 Sep 2018
Certificate of annual interest and tax deductedIf your company pays annual interest to an individual it must deduct income tax first and provide a corresponding certificate. certificateInterest is annual if it relates to a debt capable of lasting for... Read more
01 Nov 2022
