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

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...
Xerocon 2017 – Why it’s important for small business

Xerocon 2017 – Why it’s important for small business

Last week we attended Xerocon 2017, Xero’s annual UK conference and whilst it may have a delegate list of accountants, it’s far from an accounting conference. It’s about tech and small business and that’s why we’re sharing our findings with you. For us it was Xerocon...