What You Need To Know About Directors Loan Accounts

Most business owners first learn about Directors Loan Accounts is when they’re sat with their accountants to discuss their Ltd Company year-end accounts. It’s not something that is always discussed. If you’re unsure about them and need a little more information, hopefully, this article will answer some of your questions. Directors Loan Account Simplified Put simply, a Directors Loan Account is a record of how much money your limited company owes you or that you owe your company. It shows the amount left for you to withdraw free of tax from your company, or if you’ll need to reimburse if
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What You Need To Know About VAT on Ecommerce Sales

For most products, there’s no difference between online and physical retailing where VAT is concerned. However, digital goods and services (ebooks, music and image files etc) come under a different set of VAT rules. The way that HMRC look upon it is that if you’re selling goods on the Internet, you’re using it solely as a tool for communication and distribution as well as receiving payment from the customers buying your products. The same rule applies as it would for a physical store, you are only able to charge VAT if your business is registered to do so. Should your eCommerce
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