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...
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...
Could you get £50,000 to switch business bank?

Could you get £50,000 to switch business bank?

£50,000 to switch business bank!? Before you get too excited there are limited circumstances where this applies and by now, you should know you’re eligible.  But, in case you’ve not received the letter or maybe have forgotten, here’s a reminder of...
The Best Ways to Get Foreign Currency

The Best Ways to Get Foreign Currency

No matter how you plan on spending your summer holidays, we all want the same thing when it comes to foreign currency – to get the most for our money. And in this short blog post, we’re going to take a look at just some of the ways you can get the best rate while overseas.

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...