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...
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...
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...
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...