Track every director's loan account, s455 tax, bed & breakfasting and benefit in kind
Secure checkout. Your download link is sent as soon as payment clears.
A director's loan account (DLA) records everything that passes between a company and its directors that isn't salary, dividends paid out or a properly claimed expense: money taken out, personal bills paid by the company, money the director puts in, and salary, bonuses or dividends credited to the account instead of being paid. When a director owes the company money at the year end, the company may have to pay s455 tax, and a loan over £10,000 can create a taxable benefit in kind. This workbook keeps the running balance for up to four directors and works out all of that for you.
See how it works
The sheets you will use most, in the order you will use them – shown with the sample data every workbook comes with.
Step 1
Every transaction with a running balance per director and the bed & breakfasting checks. What you do: enter the yellow columns.
Step 2
Movements in the period, year-end balance, s455 tax, relief when repaid and write-offs. What you do: nothing to enter.
Step 3
The rules, a summary per director and a list of every flagged repayment. What you do: nothing to enter – review any flags.
Step 4
Beneficial loan benefit for the tax year: average and precise methods, Class 1A NI, director's tax. What you do: nothing to enter – the tax year and method are on Settings.
Who it is for
Quick start
Your file is only released once payment has cleared.
You are taken to our secure checkout.
Checkout takes a minute and you get a receipt by email.
Your download link arrives as soon as payment clears.
We can adapt any prebuilt solution or build something bespoke, with a lifetime bug-free guarantee.
Part of AML Finance Group
Our sister firm, AML Accountancy Solutions, is an award-winning accountancy practice helping businesses and individuals across the UK with their accounts, tax, bookkeeping and payroll.
Visit AML Accountancy Solutions
