If your director’s loan account (DLA) is overdrawn and has been for some time, you may be considering writing it off to tidy things up. On the face of it, waiving the loan seems simple—but it can come with an unexpected cost: National Insurance (NI) charges for both you and the company. So, how can you clear the debt without triggering an NI bill? Let’s break it down. Business men caught in a net Understanding Loan Waivers and Tax Treatment When a company writes off a loan ma

As we move further into the 2026/27 tax year, June is a good time to pause, review, and make sure everything is on track. Several important changes are now live, particularly around Making Tax Digital, payroll, and director tax planning. Below is a straightforward summary of what matters most to you and what (if anything) you should be doing now. June Update Making Tax Digital for Income Tax: Now Live for Some Clients Making Tax Digital for Income Tax Self Assessment (MTD ITS