Advice on Ltd COmpany

**Denny** · 7 November 2005, 23:15

I'd talk to an accountant. You're query sounds too complicated to rely on our advice only.

**Lucifer Box** · 8 November 2005, 08:59

Have to agree with Denny here. You need professional advice at this early stage of your contracting career. There are a lot of well informed and well intentioned people here but you do not want to be relying on free advice right now. As we all know, most advice is worth exactly what you paid for it.

You do have an accountant, yes? If not, you should get one before proceeding any further. A couple frequent this board and should make themselves known to you. If not, just start a thread called "Accountant Wanted" or somesuch.

**tim123** · 8 November 2005, 10:30

Originally posted by NetwkSupport

Loan - my mum lent me £2000 to pay out on my expenses (im working away and have to pay my travel, hotels and food up front then claim the expenses back via a monthly invoice to my client/agency) so i want to pay her back in dec but dont want to "lose out" by having to pay tax on the £2000 i draw out to give her back?!

So, your mum lent the company the money, it is the company that gives it back to her.

Simple, as long as you have the correct documentation in place.

tim

**simondolan** · 8 November 2005, 10:55

You might want to click below for a useful guide to saving tax:

http://www.sjdaccountancy.com/about/sjd_bespoke.html

Advice on Ltd COmpany