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Dividends paid from Director's loan account

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vladlondon
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Posts: 6
Joined: Tue Sep 04, 2012 12:24 am

Dividends paid from Director's loan account

Post by vladlondon » Sun Dec 23, 2012 11:22 pm

Hi,

I'll be claiming earnings as a director and sole owner of my own limited company. My earnings consist of salary and dividends.

My issue is that I was transferring most of the funds from my business account to my personal account as Director's loan. Many divided and salary payments were then made from Director's loan account, so there are no corresponding bank transactions.

To add insult to injury, I was receiving some of the company revenues directly to my personal account (so they go straight to the Director's loan account)

What bank transactions will the caseworkers check to match the accounts in this case?

I do have an accountant, he's working on my records now and I understood everything I'm doing is legal and allowed, it's just not clear how to best demonstrate that bank transactions provide sufficient proof of my earnings.

Thanks!

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