Advisory

Introduction Director loans are commonplace in SME companies, and more usually refer to the loans extended to a company to carry out its endeavours. The director loans to which this article relates and to which the cited legislation applies, are loans drawn down from the company, that is outside of the salaried payments which are processed through payroll and taxation. The raison d’etre for the legislation in respect of director loans is to ensure that company funds are prote

In July 2023 the CRO re-commenced enforcement proceedings issuing 10 week warning notices to companies which are not up to date with...

Whereas CVLs (creditors voluntary liquidation) deal with insolvent companies, MVL (members voluntary liquidation) winding ups are in...