Bounce back loans, misuse of company funds and repercussions

The subject of Director’s Loan Accounts (DLAs) has recently been in the news with concerns regarding the potential misuse of Bounce Back Loans. In theory, DLAs are relatively straightforward, but they can become quite complicated when you dig a little deeper.

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HMO Tax Conditionality test on the horizon?

The UK government recently announced plans to crackdown on tax avoidance, referred to as tax conditionality, in what is often described as the "hidden economy". In a straightforward yet highly effective move, various licence applications will now be considered with proof that the parties have completed a tax check with HMRC.

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