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Why work through an umbrella company?

If you are a contractor, working through an umbrella company could be the best solution for you. As of the 6th April 2017 legislative changes regarding off-payroll contracts (IR35) many contractors working in the public sector are changing to umbrella companies. Umbrella Company could help you receive the full benefits of working through an umbrella company. The following blog aims to inform you about these benefits as well as a providing a brief summary on the sign up process.

Benefits:

  • Continuity of employment

If you have multiple assignments an umbrella company could be the best option for you. An umbrella company allows you to have one tax code regardless of having multiple assignments ongoing. This reduces the hassle of having different tax codes for varying assignments with multiple agencies being involved.

  • Easy life

If you decide to work through an umbrella company, you will be working for that company, as a result you will only have to submit a signed weekly time sheet to the umbrella company’s online website. The company (agent) will be in charge of all tax and NI contributions taking the onus of you. Once the online registration form has been completed, the estimated weekly administration is only 10-15 minutes.

  • Employee Benefits

As an ‘employee’ of the umbrella company you will be entitled to all the benefits of being under permanent employment such as:

Sick Pay

Annual Leave

Maternity/Paternity Pay

Insurance

Highly regarded umbrella companies will provide insurances for you whilst you are working, at no cost. Insurances such as: Employers’ Liability Insurance, Professional indemnity Insurance and Public Liability Insurance.

Which contractors are best suited for Umbrella companies?

Umbrella companies are an easy solution for all freelancers. However, an Umbrella company may be the optimum solution for you if you are:

  • Earning less than £15 per hour
  • Looking for an introduction into self-employment, before starting your own limited company
  • Working on short term assignments (3 months or less)
  • Working in the public sector
  • Unable to be a director of your own limited company

 

The sign up process is easy and stress-free. A registration form has to be completed asking for your personal details and information relevant to your assignment. Often proof of your address and identity is required. Once the umbrella company is satisfied with the details you will then be asked to sign a contract completing the process.

Your chosen Umbrella provider should operates in full compliance with HMRC legislation, and is audited regularly by industry professionals. There are many companies operating that claim to be able to provide you with 90% of your pay – these schemes are not approved by HMRC and should not be used.

For further reading go to http://www.accountingweb.co.uk/community/blogs/dilabrien/should-you-incorporate-offshore-as-a-contractor

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reasons To Hire A Commercial Designer For Your Retail Space

If you have a retail business and are planning on opening or moving to a new space, a professional commercial designer can help you make it great. Many business owners feel it is an expense worth avoiding. However, a design team that does this for a living can save you money, time and hassle. In many cases, they can also save you from making many wrong decisions that you might regret for years to come. Below are some of the top benefits of hiring reputable commercial interior design firms such as designrepublic.us.com.

Balancing Needs Over Desires

There will be a multitude of decisions to make when designing your new retail space. With so many decisions, things can quickly get out of hand and you can easily go over your budget. A commercial design team can work with you to make these hard decisions while staying within your budget and timeline for opening. Many of the topics that the design team will work with you on will include styles, work processes, space layout and lighting.

The Basics

While there are going to be many big decisions to make with your business, they say the small details can be just as important. A commercial designer is an expert in the smallest of details that can have a huge impact on your business. They will sit with you and go over lists of things that most business owners would have never even considered. Some of those things include wall systems, HVAC, security, panel systems and furniture.

Advice Before Planning

You might be able to find a design team to hire while buying furniture and items for your store. If you purchase many of your items from a specific supplier, they may offer to provide a design team as a free service with your purchase. It should be kept in mind, however, that any independent designer will have no financial incentive to recommend a specific manufacturer over any others.

Opening or moving to a new retail space can be an exciting but stressful adventure. While business owners may be looking to save money in any way they are able to, it can be a great benefit to get the help of professionals. A professional commercial design team will be worth the investment and can help you make many decisions that will affect the success of your business for years to come.

Heading Off Equine Losses with Protective Policies

Your horse can be a valuable source of income to your farm or ranch. You can hire your stallions out for stud services. You may barrel race or show your horses in fairs and rodeos.

Whatever reason you keep horses on your property for, you want to know that you can recoup your monetary losses if one of your equine companions is lost to circumstances beyond your control. Just as you would protect your home and car, you can protect your stallions and mares with policies for ranch, farming, and horse insurance today.

Determining Your Horses’ Value

You may think that your horses are invaluable and beyond the monetary price anyone could ever pay for them. In reality, however, your horses may have a value that correlates directly with the profit you bring in on your ranch or farm.

When you want to safeguard those profits and get a quote that is more objective than you could render, you can go online and ask for a quote on your equine investment today. The insurer can tell you how much your horses are worth and what kind of policy you can buy. Depending on that information, you can decide what kind of policy to buy for your ranch or farm today.

The policy that you buy can be used as a sort of health insurance to help you avoid the loss of a horse. If your horse suffers a sprain, for example, it may need a bit of therapy to regain its mobility. The insurance can help you pay for those rehabilitative services.

Guarding against Losses

You may incur your greatest loss if one of your horses dies in circumstances that you cannot control or predict. You may make every attempt to keep your property safe and easy for animals to roam over each day.

Still, you never know when a bridge might collapse or lightning might strike. These disasters could kill a horse instantly.

With a policy from the insurer, you could recoup the loss of the animal. You can use the money to put back into your farm or ranch or buy a replacement animal.

Your horses are one of your greatest livestock investments. You can protect against the loss of one of these animals and also use the policy to pay for rehabilitative services to heal your equine friends by going online to purchase insurance today.

All About Medium Term Notes

An MTN refers to a note that has an average maturation age of five to 10 years. Corporations can offer investors MTNs continuously via a dealer where the investor is able to pick the maturation age ranging from between nine months to 30 years. Typically, though, corporate MTN maturation ages range from one to 10 years.

The benefits of MTNs is that they offer investors a third option other than traditional investments that are either short-term or long-term. They are an ideal opportunity for investors who want to invest for longer periods of time than municipal bonds or short-term bank notes can provide but who do not want to commit to long-term investments. Medium turn notes can provide a business with a steady cash flow from the investors and they can be offered wit or without the option to call.

MTNs with call options are offered at a higher rate but they also carry the risk of being able to be called, or retired, before they reach maturity. This allows the company offering the MTNs to take advantage of low rates. MTNs that do not carry a call option do not have that risk but are also offered at a lower rate.

MTN notes allow a company to tailor its debt issuance to adhere to its particular financial needs. The notes also allow the company to only have to file once with the Security and Exchange Commission versus many times if they were issuing notes with varying maturities.

These notes are highly regarded by asset liability management professionals because of their relative safety and reliability in a recession. Compared to the reward that one receives from them, there is very little risk in investing in them. While some MTNs can be collateralized by such things as mortgages, amortizing notes, or subordinate notes, most MTNs that are issued are backed strictly by the issuer’s creditworthiness.

Contact a financial adviser to see if MTNs would make a great addition to your portfolio. There is little to lose and everything to gain. In the constant flux of money markets, reliable returns are a good thing.

Why Not to Forget about Pet Insurance


We all love animals. Many of us even have at least one of more pet companions in our homes we take care of on a daily basis. All pets are wonderful to have around: dogs, cats, hamsters, parrots, or even horses. Yes, some people have horses as their pets and they absolutely love the idea of it. As a matter of fact, not very far from my house is a small farm with a few horses that we visit with the boys from time to time and they absolutely love it.

Having pet companions is a wonderful thing, but it becomes harder when your beloved animal falls ill, or when is even injured. Some animals even die prematurely, which happens to many pet owners nationwide. Not only are they absolutely heartbroken, but they might also lose some of the money especially if their pets used to compete or bring money in some other way. When this is the case, it is a good idea to think about pet insurance even when your companion is still very small.

I am aware that the costs of pet insurance tend to add up especially since you have to pay the premiums every month. You might be very positive and you might think that nothing bad is ever going to happen to your beloved animal. The reality is, however, that pets fall ill more often than you might think, and this is your responsibility to ensure that you have the right coverage to cover all the medical costs related to all the necessary treatments.

When it comes to the types of pet insurance, there are usually 4 options available to you and they include:
1.Accident only pet insurance. This is probably the most basic version of all pet insurance policies as it covers the treatment of a pet in case of an accident. It does not cover the cost if your pet has fallen ill.
2. Time limited pet insurance. It is especially useful after an injury or an accident.
3. Maximum benefit pet insurance. If your pet gets sick or ill a lot, this is the right policy for you as it covers an unlimited number of sicknesses or illnesses.
4. Life time pet insurance. You need to remember to renew it each year.

Get quick cash loans with poor credit score – Know your borrowing alternatives

The biggest challenge for a borrower when he is cash-strapped is to get a loan even after having poor credit score. This is when bad credit quick cash loans can help you as the lending company offers you money when you have no cash. Such loans are usually paid back when you receive your monthly pay check and often they are also known as bad credit loans. As we know that the credit score of a person is the most important document that a lender checks before lending a loan, they mostly need a good score for lending money.

But due to the irresponsible financial behavior displayed by most of the individuals, they rarely have a good credit score let alone a good credit history. The lenders of quick loans UK don’t give much priority on prior lending and prior financial behaviors and this is why they can offer cash to people who even have a poor credit score.

Is it even possible to grab a loan despite having poor credit?

Not having good credit is one of the biggest impediments of obtaining a loan as you will be considered as a high risk customer who may default on making repayments and leave the lender with nothing. Therefore, for getting conventional personal loans, you have to raise your credit score and unless you do so, you won’t fit the standard lending guidelines which the banks usually follow.

On the other hand, if you fall short of funds in the middle of the month and then you realize that you don’t have a good credit score too, you need not fret as fast cash lenders can help you with immediate cash which can be used for meeting your mid-month financial contingencies.

Quick cash loans – How to get one

During some emergency, arranging a few extra hundred pounds can sometimes feel impossible and tough and for the 38% of Brits who don’t have any kinds of emergency savings, this is almost impossible. Fast cash loans are the best options for them when they’re suddenly faced with an emergency like this. The small-amounts, short-term loans address all your cash flow concerns. If you fell ill and you took a month off from work which resulted in a reduced paycheck, paying off the bill can become an indeed big struggle. Fast cash loans can bridge the gap and also improve your current financial situation.

Why should you apply for fast cash loans?

Remember that revolving credit is not available to all as it takes enough resources and time to develop good credit score. For those who don’t have a good credit score, the ability to be approved for a new line of credit depends on whether or not you can secure it with cash deposit. At the same time, if you had the cash to get a loan, would you require financing? Probably not! Whenever you’re someone who lives from one paycheck to another, you can always take resort to fast cash loans or quick loans.

How soon can you get approved for a quick cash loan?

Conventional loans can take almost a month to receive but as long as quick loans are concerned, you can get the proceeds in as less as 24 hours and sometimes the process may even end in 5 minutes. After you submit your application, you receive an instant decision. You don’t need to wait for long and there’s no need of back-and-forth conversations with the lender. You can electronically receive the funds within one working day.

Therefore, if you’re wondering about getting immediate cash, you can definitely take resort to quick cash loans in order to reap its benefits.

 

What Can I Do To Make My Business More Successful?

Business owners who insist on making their organizations as successful as possible should know that there are many systems, strategies, and solutions that can be implemented to engender the desired outcome. Here are three of them:

1. Utilize Maintenance Services.

If you’re serious about making your business more successful in 2017, know that the use of maintenance services can empower you to realize the objective. This is the case for many reasons, including the fact that utilizing maintenance services is a wonderful way to extend the life of your equipment and thereby save money. The consistent use of maintenance services can also improve the aesthetic appeal of your office setting and decrease the likelihood of work-related injuries and accidents. Companies such as Predictive Service are pleased to provide clients with predictive maintenance services that help identify performance gaps with equipment.

2. Implement Online Advertising Strategies.

Another technique you can implement to optimize your business’s level of success is implementing online advertising strategies. These strategies are powerful because they enable you to attract more and more people to your brand in the online realm. There are many digital marketing services that an advertising firm might deploy to make this happen. Some of them include:

• web design and development
• online reputation management
• responsive web design
• search engine optimization
• content marketing

Another digital service that an advertising team might deploy on your behalf is social media optimization (SMO). This service ensures that you can regularly share the value of your brand with other individuals on key channels like Google+, Facebook, Twitter, and LinkedIn.

3. Focus On Health Optimization.

It’s unfortunate that millions of business owners across the globe neglect their health. This reality can have a profoundly negative impact on your ability to get things done quickly and correctly while in the office setting. Note that individuals who maintain a high level of health tend to have more energy and mood stability. Luckily, there are numerous things you can do to get on the road to wellness and thereby enhance your performance in the work setting. Some of them include:

• meditation
• massage
• green juice
• journaling

Start The Business Optimization Process Immediately

There are many ways that you can ensure that your company starts to grow in a dynamic way. Three of them include utilizing maintenance services, implementing online advertising strategies, and focusing on health optimization. Start using these techniques now to keep your organization going and growing in 2017!

Freelancing

It is important to get a rough idea of what makes the best freelancer and the general personality traits they seem to have before deciding to take that career path. This way even if you do not think you possess these specific qualities now, it does not mean you cannot adapt once actually in a freelancing role. That’s why we have put together a list of some attributes for you to look at to help determine whether this is the best route for you.

Self-discipline

It is a common myth that freelancers are able to pick and choose exactly when they want to work because realistically, there will be times when you do not want to work but have to. This is where having self-discipline becomes crucial, as you might not always have someone pushing you to get on with work the same way you would as a permanent employee.

While you should still take up opportunities to enjoy yourself when possible, you must balance this with ensuring you are getting all of your required work done as well. The consequences of becoming too relaxed while freelancing can be severe such as losing clients, damaging your reputation and potentially a loss of money. Having the self-discipline to set a work schedule can help you get into an organised structure which will play a significant part in your success.

Responsibility

As a freelancer, you must take responsibility for all of your actions and decisions that you make in business. This means within all of your success and failures that you experience, you take them as your own and learn from them. You might not have this attribute right from the outset of becoming a freelancer, but over time you develop it through learning and improving your skills.

Showing that you are willing to take on responsibility gives off a professional image to clients and determination can give the impression that you are experienced, even if you are not. This attribute is key, as a huge part of being a freelancer means taking control of your own decisions and therefore being responsible.

Time-management

Without set hours, as permanent employees generally have, it is important to manage your schedule of work through pre-planning as a freelancer. As you are effectively your own boss, you are only one who will be under scrutiny if you do not complete a piece of work in the time that you promised your client. Success as a freelancer can be significantly elevated through positive word of mouth. Therefore proving to clients that you are a reliable person to work with can encourage more work with that same client or their connections in the future.

Although there is a great deal of responsibility that comes with freelancing in terms of running your business ventures, there are ways you can get help with managing your time effectively. An example of this is using a contractor accountant to help you handle your financial administration which can be time consuming. Without this burden on yourself, you can focus on completing your tasks for a client or enjoy some more freedom. Your level of income can then be managed by using a contractor salary calculator so you can assess how much each job you take as a freelancer will impact you financially, organising your profit schedule.

Initiative

Using your initiative links to being responsible in the sense that there is no one in charge of your actions and essentially telling you what to do. A client will expect more to come from you, and to not have to oversee everything you are working on. Initiative is proved by asking your client questions, making suggestions regarding the project and having trust in your own expertise. It is fairly crucial to use your initiative as a freelancer as you do not depend on anyone else to get a task done at exceptional standard except yourself.

Communication skills

Many freelancers, particularly those in the design industry where it is crucial to have input from both parties (freelancer and client), must prioritise communication. Establishing a clear idea of what your requirements are as well as putting forward ideas can help you avoid any errors occurring in the work you are carrying out.

There are various ways in which a freelancer can ensure communication with the client is at its best. Their communication between one another should be kept clear, by avoiding wasteful information being swapped. Agreeing on progress stages is also an important aspect to communicate effectively and helps a freelancer become efficient and improves relationships with clients. By achieving this a freelancer should be able to gain a positive reputation and give your client exactly what they have asked of you.

Flexibility

Being entirely responsible for your future career moves when freelancing means you need to make sure you can get ahead of others that might beat you to your next job. Diversifying your portfolio to make you the most appealing candidate for a job is crucial in a competitive market. That is why a freelancer must be willing to be flexible in their work and ready to learn new things.

This flexibility will also benefit you in being able to take rush jobs, where a client urgently needs your services. Being a freelancer with various skills means you do not need as much training time and can take up these opportunities as they come. To gain this skill of being a flexible freelancer, you have to be willing to move outside of your comfort zone which could be fairly daunting for some. However, this will pay off when you are able to take up a wide array of freelancing jobs that are presented to you.

Freelancing is a very rewarding career path to take, and it gives you a clear sense of independence in your work. Acquiring these traits that we have listed will undoubtedly increase your potential as a candidate that a client would be happy to work with, as well as increase the likelihood of you finding further work.

Suggested further reading

https://www.churchill-knight.co.uk/blog/2016/10/software-versus-accountant-which-is-the-better-option-for-me/

http://www.churchill-knight.co.uk/blog/2016/06/what-is-a-director-s-loan-and-how-do-i-get-one/

Many Thanks to Bart Kot for his invaluable insights

This article has been written by Milosz, the digital strategy consultant at Chilli Fruit Web Design

5 Tips on How to Increase Your Savings Significantly

Saving money is underrated especially for young people out there.  They are too excited with the fact that they are able to earn their own money. Thus, they buy things they like and even those that they do not like. It is crazy how hard it is to earn money yet it is so easy and effortless to lose all of it. Therefore, if you want a good future, to be able to buy a house, a nice car, enrol your kids in good school and be able to afford to go to vacation at least once or twice a year, then it is important to start saving now.

This article will give you some tips on how to increase your savings significantly and be able to enjoy a better future with it.

  1. Spend money on a budget – it is important to become disciplined when it comes to spending money. You cannot just wander around spending money left and right or else you will end up broke. It is advisable to create a budget plan and make sure to follow it strictly. It will give you a clear direction on how to spend your money wisely.
  2. Avoid excessive spending on shopping – it is also best to tone down your shopping habits most especially spending on luxury brands. You can limit a once or twice a year splurge but do not make it a habit because it will drain your savings for sure. It is best to go to the mall with specific items to buy and budget in mind.
  3. Find a good job with good pay – of course, there is no better way to increase your savings than getting a good job that pays well. If you think you are getting less than what you deserve then maybe it is time to find something new. Do not get yourself stuck in a place just because you are comfortable. Sometimes you need to go out of your comfort zone to reach your goals.
  4. Find another source of income – it is also best to find other source of income like a small business or a freelance job that will allow you to earn extra cash. It is good to spend free time doing these things rather than doing nothing or burning cash while drinking with your friends.
  5. Stop your vices – speaking of drinking, another way to help you increase your savings significantly is by cutting down on your vices like drinking, smoking, gambling and other things that waste your money. You will definitely see the difference in a short period of time. This is also good not only for your pocket but for health especially.

It may be difficult in the beginning but you should learn to adjust and impose discipline on yourself. You will be able to get used to it and before you know it, it will be a piece of cake for you. It is important to become cautious in spending money – future goals should always be kept in mind like buying land from a high-end developers like Lendlease and the future of your family.

Service of Process in The UK

In England and Wales, common practice has evolved to make use of a provision to specify that the service of legal documents can be made on a process agent service located in England or Wales. So “process agent” refers to the representative of a contractual party upon whom court proceedings may be served. The appointment of a process agent thereby removes the need on the serving party to serve proceedings outside of England and Wales.

Article 6.11 of the Civil Procedure Rules provides that: ”Where a contract contains a term providing that, in the event of a claim being started with respect to the contract, the said claim form may be issued by a method or at a specified place as stated in the contract; and a claim solely in respect of that contract is started, the claim form may, as subject to paragraph 2, be issued on the defendant by the method or at a specified place as stated in the contract”.

By appointing a trustworthy and accepted process agent means the serving party can be confident that service will be accepted and not by any way contested by the process agent. The following is an example of a clause used to appoint a process agent.

The [Party] will irrevocably appoints the agent [Name of Process Agent and his address] as its process agent who will be in charge of receiving on its behalf service of any proceedings in connection with this agreement in England and Wales.  Such service however shall be deemed completed on delivery to the process agent.  In case the agent regardless of his reasons ceases to act as an agent or the agent no longer resident or has an address within England and Wales, the [Party] shall immediately appoint a new process agent and notify the other parties the name and address of the new process agent in England or Wales.

In England and Wales, civil procedure rules are very strict regarding the service of proceedings. If a company is not located in the UK, the service of process can be even more difficult to follow. This is why it is important when trading internationally for a company to hire a process agent for the peace of mind of all concerned.

In the event that services of proceedings are served on the process agent, they will need to forward the documents on to the principal of the company concerned in accordance with their instructions. It should be noted that within a time specified by the Courts, the principal is obliged to respond to the service of proceedings. It is however also important, that the process agent is kept updated by a company official and that he also updates the company with his relevant contact details at all times.