Hi, our accountant is on holiday atm and needed some help with finance question.
We want to take out some money from the business for personal use, to give as a loan to family member actually.
As this is personal wasn't sure what it came under. Checked HMRC and it said any money taken out would be one of the above.
So Directors loan, dividend or benefit. Oh, the amount is 3.5K if this makes a difference.
Many thanks.