I come across a situation that I may have to receive client payment using my personal account on behave of a limited compnay, which I am one of the directors. And, normally, I am going to transfer the payment into the company account within the same day.
Is it actually legal to do so?
If so, what proceedure should be involved?
I heard of a way to do that is to issue a director loan. Is that right?
Me and my wife are directors of a limited company. We both work at the same home through out the whole year as our company do not own any office. Can we both claim the flat rate of £6 tax relief pre week?