Guide on Legal and Tax Implications regarding Director's Loan Account in Ireland. Learn more on how to minimise the risks involved today.The financial institutions and insurance companies are listed separately under their own section headings because they are taxed differently from business. I am trying to find a way to enter money taken out of the business as a loan from the company to the Director, and I'm not sure what ledgers to set up. Putting some money into your limited company and wondering how to open your director's loan account?