Directors Loans Manchester
Your director’s loan account, under control.
Many Manchester directors draw money from their company without a clear record of the balance — and get an unwelcome S455 tax charge at year end. We track your director’s loan account throughout the year, advise on repayment timing, and keep HMRC at arm’s length. Fixed monthly fee, ACCA-qualified, same-day replies.
- Your DLA balance is visible throughout the year, not just at year end
- S455 tax charges flagged and planned around before they land
- Clear advice on salary, dividends, and loan extraction combined
- No surprise HMRC bills from an overdrawn director’s loan account
Initial conversations are free and without pressure. If you decide it is not the right fit, you leave with a clearer understanding of your DLA position and nothing owed.
Get a free quote
Fixed pricing. Same-day reply.
What our clients say
★★★★★
Proactive Advice, Not Just Compliance
“Hasan at Edward Harris has been superb for us. He has organised our books, compiled documentation for HMRC and been proactive with advice.”
★★★★★
Complex Concepts Made Easy to Understand
“Hasan is always prompt in responding to my inquiries and made complex financial concepts easy to understand.”
★★★★★
Responds Quickly, Genuinely Trustworthy
“He always responds to messages and calls so quickly, has a wealth of knowledge and experience and is absolutely trustworthy.”
★★★★★
Patient With First-Time Business Owners
“Hasan has been amazing and extremely helpful he has been very patient with me being new to running a business, he had given me some great advice.”
Sound familiar?
Not sure what your director’s loan balance actually is?
It is a common situation. Money comes out of the company account, it goes in occasionally, and by the time year end arrives nobody is quite sure what the running total is. Then the accounts come back and there is an overdrawn balance — and a S455 tax charge sitting on top of it. It is the kind of thing that is entirely avoidable with a bit of ongoing visibility.
- ✕ No clear record of drawings versus legitimate salary and dividends
- ✕ S455 tax charge appearing at year end with no prior warning
- ✕ Unsure whether to repay the loan, take dividends, or restructure extraction
What a managed DLA looks like
Your director’s loan account is tracked and reported throughout the year — not reconstructed in a panic at year end. You know where you stand, what HMRC expects, and how to draw money from your company in the most tax-efficient way.
- ✓ Drawings clearly separated from salary, dividends, and expenses all year
- ✓ S455 exposure identified early so repayment can be timed correctly
- ✓ Plain-English advice on the most tax-efficient way to extract value
- ✓ Fixed monthly fee — no bill shock at year end, no hourly surprises
What Manchester directors say about us
Owner-managed businesses across Greater Manchester trust Edward Harris for clear advice on company finances, tax planning, and getting numbers under control.
I had the pleasure of working with Hasan for our business’s financial needs, and I couldn’t be more satisfied. They provided exceptional service, demonstrating a deep understanding of accounting principles and tax regulations. Hasan is always prompt in responding to my inquiries and made complex financial concepts easy to understand. Their attention to detail and commitment to accuracy gave me great confidence in my financial decisions. I highly recommend them for anyone looking for a reliable and knowledgeable accountant
Hasan at Edward Harris has been superb for us. He has organised our books, compiled documentation for HMRC and been proactive with advice. Best accountant I have used.
Director’s loan support, start to finish
From tracking the balance monthly to advising on repayment timing and extraction strategy — the parts that trip directors up are handled.
Director’s Loan Account Tracking
Your DLA balance is maintained and reported throughout the year, not reconstructed at year end. You will know your current position at any point — whether it is in credit, overdrawn, or approaching the £10,000 benefit-in-kind threshold. No guesswork, no last-minute corrections.
Included as standardS455 Tax Planning and Repayment Advice
If your account is overdrawn at year end, your company faces a 33.75% S455 tax charge unless the loan is repaid within nine months. We flag the exposure in advance and advise on repayment timing so the charge is avoided rather than retrospectively managed. Which is, frankly, the way it should be.
Proactive advisoryTax-Efficient Extraction Strategy
Director’s loans do not exist in isolation — how you draw money from your company should be planned alongside salary and dividends. We advise on the right combination for your personal tax position so you keep more of what you earn without falling foul of HMRC.
Year-round adviceConsistently rated five stars on Google
Every review is from a verified client across Greater Manchester. Different businesses, same experience — responsive, clear, and proactive.
Switched Accountants, Never Looking Back
“I cannot rate this company highly enough. I started off with an incredible expensive company who I could never reach or get good advice from – then THANKFULLY found Hasan who has been our accountant ever since. He always responds to messages and calls so quickly, has a wealth of knowledge and experience and is absolutely trustworthy. He’s kind, response, easy to deal with, and really a great member to make up your team. 10/10 recommend.”
WhatsApp Access Makes Everything More Efficient
“We have been working with Hasan for almost a year. He’s been very helpful providing us with knowledge as new business owners. It’s great we can WhatsApp for general queries, making communication more efficient.”
Patient, Helpful, and Full of Good Advice
“Hasan has been amazing and extremely helpful he has been very patient with me being new to running a business, he had given me some great advice and I will continue to use Edward Harris & Hasan”
Why Manchester directors choose us
There are plenty of accountants who will file your accounts. Fewer who will tell you your DLA is heading the wrong direction before it becomes a problem.
Your DLA visible all year
Most directors only see their loan account balance when the year-end accounts come back. We maintain it throughout the year so you always know where you stand. If the balance is creeping toward overdrawn territory, you will know about it in March — not October.
S455 flagged before it bites
The S455 charge is one of the more avoidable tax bills a director can face, provided someone is watching the numbers. We monitor repayment deadlines and advise on the timing of director repayments or dividend declarations so the charge does not arise. Proactive rather than reactive — that is the difference.
Plain-English advice, same day
Questions about your loan account get answered the day you ask them — by phone, email, or WhatsApp. No waiting a week for a response to find out whether a particular drawing needs to be treated as salary, dividend, or loan. You will not need to translate the answer either.
Up and running in four straightforward steps
Most clients are onboarded and have a clear picture of their financial position within a few days of their first call.
Get in touch
Call 0161 706 1523, email info@edwardharris.co.uk, or use the contact form. We reply the same day. The initial conversation is free and entirely without pressure.
Free initial conversation
We will discuss your current director’s loan position, how you have been drawing money from your company, and whether there are any immediate issues to address. You will leave the call knowing exactly where you stand — which is often more than most directors know going in.
We handle the detail
Once you are onboard, we take care of the DLA tracking, bookkeeping, and ongoing compliance. If something needs your attention — a repayment deadline, a threshold approaching — we flag it in plain English before it becomes a problem.
Clear numbers, year-round
You know your loan balance, your tax position, and the most efficient way to take money from your company. The year-end accounts arrive without surprises. You get on with running the business while the financial detail is handled.
“Excellent service! Hasan took over and sorted out my accounts with a swift and hassle free service. I would highly recommend for your accounting needs.”
Things Manchester directors usually ask us
What exactly is a director’s loan account and why does it matter?
A director’s loan account records every transaction between you and your limited company that is not salary, dividend, or expense reimbursement. If you draw more than your declared salary and dividends, the excess sits as a loan from the company to you. An overdrawn balance at year end triggers a 33.75% S455 tax charge unless repaid within nine months of the accounting period end. Keeping the account accurate throughout the year means that charge can be planned around rather than absorbed.
What does it cost to have you manage our director’s loan account?
We price on a fixed monthly fee based on your company’s size and the scope of work. Director’s loan account management typically sits within the year-end accounts and bookkeeping package rather than as a standalone charge. We will confirm an exact figure after a brief conversation about your situation — no obligation and no hidden extras once the fee is agreed.
Our books are a bit of a mess and we have no idea what the DLA balance is. Can you still help?
That is a fairly common starting point, and it is not a problem. We will go through your bank statements and company records to reconstruct the loan account accurately from the beginning. There may be a catch-up fee depending on how far back the work goes, and we will be upfront about that before starting. Once it is clean, it stays clean.
Is there a long-term contract or minimum commitment?
No long-term contract. We work on a rolling monthly basis. If you decide to move on, you give us notice and we hand everything over — including tidy records of your DLA position. The books will be in better shape than when you arrived.
Can a director’s loan account be used as a tax planning tool, or is it always a risk?
Used correctly, a director’s loan can be a flexible part of your extraction strategy — particularly in years where profits are uncertain and you do not want to declare a dividend early. The key is keeping the balance within manageable limits, planning repayment timing around the nine-month deadline, and making sure any loan above £10,000 is documented correctly to avoid a benefit-in-kind charge. We advise on this as part of your overall extraction planning.
How do director’s loans interact with dividend planning and salary?
The three work together, and the most tax-efficient extraction strategy usually involves a combination. A typical approach for an owner-managed company is a small salary to use the personal allowance, dividends up to the basic rate band, and a short-term director’s loan for additional cash flow if needed — repaid before the S455 deadline. Getting that balance right is where the planning happens, and it is something we review with you each year rather than leaving on autopilot.
Related services for Manchester directors
Stop guessing what your DLA actually says.
Get a fixed-fee quote and a free initial conversation. We will tell you exactly where your director’s loan account stands and what needs to happen next.