Re: Ltd Co; repay loan from wife or increase husband's wage to up income? (tax question)
hi guy's,
much the same kind of question,switched to a ltd co' 12 months ago,gave a directors loan of 25k to start on an even keel,money is now available to repay loan,accountant wants me to top up pensions for the 2 directors for obvious reasons,now if i do that i cant refund the loan without going into overdraft,should i leave the monies in the co' and take it later,or should i take it and let the co'go into overdraft,as i can forsee the same problem next year,haven said that i dont need the money at the moment,or maybe i shouldn't worry about the pension as were paying 1k per month each already,age 43.
thanks in advance for help.
yob