Why is an overdrawn director’s loan account a problem?

So you have an overdrawn directors loan. You didn’t even know what it was at first, but you really need to know why it’s a problem.  Basically, the problem is that it looks like you owe your business money and that might lead to some, possibly significant, tax to...
What is a director’s loan?

What is a director’s loan?

When you’re in the early days of your business, you may find you have a bunch of initial costs you need to cover before you’re even generating an income from sales.  For a creative business, this could be anything from office equipment, to tech, to start-up accounting...

read more
Why do I need a business plan for my creative business?

Why do I need a business plan for my creative business?

You’re doing great. Your business is growing, you love what you do, but you’re starting to get bogged down with the daily admin. You've got people to pay, invoices to send out, staff to support, and customers to keep happy. You started this business for a reason. Your...

read more
Winter Economy Plan

Winter Economy Plan

As we rolled towards Autumn it became clear that the UK faced an extended battle against the COVID 19 pandemic.  In order to further support the economy the Chancellor announced a Winter Economy Plan on 24 September.  Here we cover the key updates and how to access...

read more
Why doing your tax return early is good for you…and others

Why doing your tax return early is good for you…and others

We all know that mental health is important and that running a business can impact on it.  At Raedan we've always strived to reduce the worries of those we work with and we know that a good way to do that is to get things done early! By working together we can get...

read more
Alternative ways to get cash back into your business

Alternative ways to get cash back into your business

  As the spread of coronavirus causes the UK government to enforce lockdowns and closures, businesses are being faced with difficult conditions and tough decisions. Though many businesses are adapting, and some even struggling to keep up with increased demand,...

read more
Coronavirus: Self-employed Income Support Scheme

Coronavirus: Self-employed Income Support Scheme

Having seemingly been ignored, the Government announced support for the self-employed on 26 March with it's Income Support Scheme.  Similar in some ways to the support for employers, the main question was always going to be, how will it be calculated. Updated May 2020...

read more
Coronavirus: Job Retention Scheme FAQ

Coronavirus: Job Retention Scheme FAQ

Updated 3 June 2020We're getting some great questions about the Job Retention Scheme from our business community and wanted to share them (and the answers!) with as many of you as possible.  Information is still coming out on this so we'll update regularly as we learn...

read more