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?
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...
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...
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...
Coronavirus: Extensions to the Job Retention and Self-employed grant schemes
There were some big headlines on Friday as the Chancellor announced extensions to the Job Retention and Self-Employed Income Support Schemes. As always, however, the details aren't made so obvious. So, let's run through all you need to know about the extensions and...
Business Interruption vs Bounce Bank Loans: which is right for my business?
Having survived the initial changes to your business over the last few months you may now be considering one of the Governments loan schemes to help you through your business recovery phase. We'll be running through the difference between the Coronavirus Business...
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...
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,...
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...
Why your bookkeeping isn’t transforming your business and changing your life
Good bookkeeping can be life changing. Seriously. If done well, bookkeeping can be the catalyst for major change within your business. Since your business is one of your life’s big projects, these are major changes in your life too. It’s likely you’ve never heard an...
