Report Director use of the company’s money – Method 3
Director Loan Repayments of a loan to the company If a shareholder or director has previously loaned money to the company, the company can make repayments to the shareholder or…
Report Director use of the company’s money – Method 2
Director Fringe benefits Fringe benefits tax (FBT) applies when employees or their family or other associates, including directors of a company, receive certain benefits from their employer. This could…
Report Director use of the company’s money – Method 1
Salary, wages or directors fees Directors or shareholders of a company can be paid a salary, wages or directors fees depending on their contract with the company. - The…