v4.7.0 10 February 2026 Feature

Directors' Loans & Dividends

Directors & Shareholders

Full CRUD management for company directors and shareholders. Track appointments, resignations, shareholdings by class, and connected persons (spouses, children, associates) for aggregated compliance calculations.

  • Director registry — add, update, and soft-delete directors with appointment dates, share class, and shareholding details.
  • Connected persons — link family members and associates for aggregated S455 exposure calculations.

Director Loan Accounts

Complete Director Loan Account (DLA) tracking with automatic double-entry journal creation, HMRC compliance warnings, and year-end snapshot calculations.

  • Loan transactions — record loans to/from directors, repayments, salary offsets, dividend offsets, and write-offs with automatic journal entries.
  • Real-time balances — per-director and aggregated balances with overdrawn/credit status and warning levels.
  • S455 Corporation Tax exposure — automatic calculation at current HMRC rates with deadline tracking. Rates update automatically for the April 2026 change.
  • Benefit in Kind (BiK) — flags loans exceeding the £10,000 threshold with HMRC official rate calculations and P11D deadline tracking.
  • Bed and breakfasting detection — warns when a repayment of £5,000 or more is followed by a new loan within 30 days, as HMRC may disregard the repayment for S455 purposes.
  • Write-off warnings — high-severity audit entries when a director loan is written off, with clear guidance on the tax implications (treated as earnings, not dividend).
  • Year-end snapshots — freeze DLA position at period end with full S455 and BiK calculations for filing.

Dividends

Declare and manage dividends with board minutes, profit sufficiency checks, voucher generation, and DLA offset support.

  • Board minutes — record the resolution approving a dividend, with attendee tracking and a running allocation balance.
  • Profit sufficiency check — validates retained earnings before allowing a declaration. Previously declared dividends for the same financial year are deducted automatically.
  • Dividend declaration — issue dividends per director with auto-generated voucher numbers and double-entry journals.
  • DLA offset — declare a dividend that offsets against an overdrawn director loan account in a single step, creating both the dividend and DLA journals automatically.
  • Payment tracking — mark dividends as paid with a separate payment journal entry.
  • Tax calculator — estimate UK dividend tax liability across basic, higher, and additional rate bands with the £500 dividend allowance applied. Shows effective rate and net dividend.
  • Dividend summary — per-director breakdown of declared, paid, and unpaid dividends for any financial year.

Plan Gating

All Directors’ Loans and Dividends features are restricted to limited company accounts. Sole trader accounts receive a clear error message explaining the feature is not available for their account type. Subscription status is also verified — lapsed subscriptions are blocked with a prompt to reactivate.

Bug Fixes

  • Fixed an issue where certain API routes were not receiving the correct database context, causing queries to return empty results. All routes now operate correctly under the multi-tenant architecture.