Accessing a director's loan account can be a powerful and flexible option when you're in need of cash quickly for personal reasons, but this comes with strict tax rules if you want to avoid the high penalties. We explain everything you need to know about using a director's loan account, including covering how you might accidentally open one! Access the full article which is regularly updated here: https://www.ridgefieldconsulting.co.uk/tax-guides/what-is-a-directors-loan/For more content like this, visit the 'Tax Guides' page on our website: https://www.ridgefieldconsulting.co.uk/tax-guides/Sign up to our email newsletter for the latest tax and accounting articles: https://www.ridgefieldconsulting.co.uk/#newsletter

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