Hi,
I have invested £5500 into my company to get it going, spent mainly on stationery and marketing materials. 4 or 5 months on the company is in a position to pay this back. I've calculated the interest would have been around £150 on this amount. I am thinking of repaying 5500 and seeking my accountants advce. Or should I pay 5650 back so it appears on the company bank statement as "Expenses". Are there better ways to do this?.
Thanks for your help.
Start up investment
2 posts • Page 1 of 1
by King_Maker on Tue Aug 30, 2005 10:33 am
It's not usually worth charging interest as it will be classed as your (taxable) income - unless you have surplus allowances.
- King_Maker
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2 posts • Page 1 of 1
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