Loans from Directors/Company Secretary
Hi All
We are a barber business just starting up. Never used accounting software before, while there is loads of info that I am trying to wade through, I am feeling a bit overwhelmed.
To...
Forum Discussion
It is important to agree the Equity to the ASIC Extract/Corporate Register.
Speak to your Tax Accountant about the best way to handle Loans from Directors.
I would certainly keep a Loan Account for each Director.
Loan Account from a Director is a Non-Current Liability if not expected to be repaid to the Director within 12 months.
Duncan
