https://www.taxtmi.com/article/detailed?id=17676 The recommended safeguards are separate business banking and payment channels, an established method of owner pay, and documentation whenever funds cross between business and personal accounts. Owners may use salary or remuneration, drawings, dividends or documented loans, as appropriate to the form of business. Personal expenditure paid by the business should be recorded as drawings or an amount receivable from the owner rather than a business expense; personally paid business expenditure should be reimbursed against supporting bills. Loans in either direction should have documented terms and any required approvals. Companies Act restrictions apply to loans and advances to directors and related parties, and dividends may be paid only from distributable profits. en-us Mon, 02 Nov 2026 08:33:24 +0530 Mon, 02 Nov 2026 08:33:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17676 The recommended safeguards are separate business banking and payment channels, an established method of owner pay, and documentation whenever funds cross between business and personal accounts. Owners may use salary or remuneration, drawings, dividends or documented loans, as appropriate to the form of business. Personal expenditure paid by the business should be recorded as drawings or an amount receivable from the owner rather than a business expense; personally paid business expenditure should be reimbursed against supporting bills. Loans in either direction should have documented terms and any required approvals. Companies Act restrictions apply to loans and advances to directors and related parties, and dividends may be paid only from distributable profits. Articles Accounting - Auditing Mon, 02 Nov 2026 08:33:24 +0530 https://www.taxtmi.com/article/detailed?id=17676