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- Dec 29, 2016
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I'm working for a very small company and I'm regarded as the "management accountant". My director, who owns 85% of the company wants me to post his rent and household expenses to "benefits" accounts .
I think these should be to his directors loan account.
Can someone please elaborate as to the correct treatment of such expenses eg, rent. Council tax and utilities for his various households?
We have external accountants who only prepare stats accounts. But for my own benefit I want to know the acceptable treatment of such expenses.
I think these should be to his directors loan account.
Can someone please elaborate as to the correct treatment of such expenses eg, rent. Council tax and utilities for his various households?
We have external accountants who only prepare stats accounts. But for my own benefit I want to know the acceptable treatment of such expenses.