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The Best Buy To Let Opportunities in the UK

Buy to Let Rental Yield – Location Location from Sterling Woodrow Ltd

Buy-to-let has been a strong asset class for decades within the UK. As the property market is changing and the UK’s economic status is fluctuating, traditional buy-to-let properties are still a sure favourite for property investors within the UK as well as savvy property investors overseas.

Even after the recent tax crackdown buy-to-let properties are still attractive to investors for the passive income and high yields. During this time of low interest rates and unpredictable stock markets property investors are still purchasing buy-to-let properties to gain a regular rental income, even using them to build a portfolio to increase their capital.

Where To Look For Buy To Lets With High Yields in the UK

The average rental yield of buy-to-let properties in 50 major cities and towns across the UK was recorded by property lender, Kuflink. Properties in the Manchester and Salford area in the North West was found to be at the top of the list, leading with an average rental yield of 6.7% and 6.6% respectively.

Areas such as Hull, Rotherham and Luton were the areas that had the biggest increase in average rental yield over Q4 2016.

Even though the rents are higher in the south of England, in particular towns such as London, the rental yields in the north of England have been found as typically higher. This supports the fact that properties in the south cost a lot more than the north, which means that the buy-to-let landlords in the south are left with relatively low returns on their investment.

property investment buy to let

The town with the lowest rental yield from the 50 major cities and towns included in the research was Cambridge in the east of England. The historic city of Cambridge is a popular commuter hotspot and it provides investors with the lowest average rental yield at just 2.7%.

Birmingham saw the largest drop in properties available for under £250,000 with a big decrease of 1,373 between October and December in 2016. The area with the next largest decrease in properties that fit the under £250,000 bracket was Bristol with a decrease of 1,017 properties.

The CEO of Kuflink, Tarlochan Garcha acknowledged the rift between the north and the south is continuing but more attention is turning to the north. Buy-to-let investments in the north of England is becoming a steady investment with higher returns. Garcha then continued to say that the cities Manchester and Leeds are both busy cities popular with professionals, families, and young people which offers solid returns to landlords.

It may be time for investors to focus on buy-to-let properties outside of London. For example, Birmingham has a growing business district and is soon to benefit from HS2 meaning that journey time to London is reduced to just 49 minutes. On top of that is a strong buy-to-let spot.

Tax Investigation Services For London Businesses

How can you prepare for an income tax audit? It depends on the kind: field correspondence or office. In case the Internal revenue service exam will likely take place via mail. The Internal revenue service uses correspondence audits to look after the tax return Issues, like missing illegible entries and programs, types and errors. Your First step is to returns the audit alert along with explanations and any documentation the Internal revenue service has requested. The examiner and your home or company visit to verify the info. A field examiner Might Want to know why you go through ink if you compose a quantity of printer ink.

To an examiner’s office, you go in an office audit. The examiner requires you and your representative – like your tax preparer or attorney – to bring documentation and info like – to bring documentation. Towards the end of the audit, the examiner provide you or will email you. This letter Is Made up of copy of the assessment end of the audit, the examiner the right to appeal and a handy publication calling your appeal rights right to appeal and a handy publication do not agree. You Have 1 month to react, so if You’re not sure about the findings of the HMRC and you Want to consult with a tax professional, do not rush to sign the exam report.

If, within 1 month, you find the internal revenue service is correct, indicate you agree and sign the exam report. If you don’t agree you can appeal the findings prior to the 1 month is up. Agree you can appeal the findings prior to the Internal revenue service Appeals Officer, may take a year or longer. After the appeal, the Internal revenue service Take a year or longer do not Sends a 90 day letter, which provides you – you guessed it – 90 days to request an escalation to Tax Court, in the event you. Agree with the appeals officer’s findings.

What Are Management Accounts?

Management accounts are a set of summarized accounting data which are prepared and presented specifically for a firm’s or organisation’s management. Management accounts are usually prepared weekly, fortnightly or monthly according to organisation specifications. The data summarized to make management accounts include; balance sheet, income state and cash flow. The key objective of management accounts is to provide for a firm or organisation with a timely and key statistical and financial information that managers will use in making their day to day, short term as well as long term decisions in the organisation.

Advantages of Management Accounts

Organisations often use management accounts to do several management procedures. Management accounts are used in tracking, recording and reporting financial information for the purpose of managerial review. Management accounts do not follow national accounting standards of any sort this means business owners are completely free to design their own management accounting systems suitable to their own business specifications. The following are advantages of using management accounts in an organisation.

management accounts• Reduce expenses. Management accounts are capable of reducing expenses of a company or organisation. Information from management accounts allow business owners to understand better how much it would cost them to run a business. Business owners can also conduct an analysis using management accounts to get to know the production cost and hence focus on getting raw materials at cheaper prices.
• Improve Cash Flow. Management accounts are good in helping a business in making budgets. These serve as business road maps for the business owners. Budgets are formed through a historical information about an organisation however management accounts are capable of scanning through this to make a master budget that a company can use.
• Business Decisions. Management accounts improve the decision making process of business owners. Management accounts serve as decision making tools instead of making decisions that are based on qualitative analysis only.
• Increase Financial Returns. Management accounts can also be used to increase an organisation’s returns. Management accounts are capable of creating financial forecasts for an organisation, they relate to consumer demand, effects that come with consumer price changes and potential sales.

There is a difference between management accounts and financial accounts, where by managements accounts focus on providing a company with information within the company to ensure its management can operate in a more effective way while financial accounts are focused on the financial state distributed to lenders, stockholders and others parties outside the company.

The Logic of CRM Management Software For Businesses

The logic of using a CRM system stems from the fact that the relationships that a business has with its customers is the most important asset that it has. Once a person becomes a customer, no stone should be left unturned in the way of keeping the relationship and improving upon it.

Customers get to be customers by purchasing a product or a service that you have offered. Customers stay customers because you have stayed in contact and catered to their needs, even if they never buy anything from you again.

 

This is where CRM management software for businesses is a great tool for doing just that. CRM stands for customer relationship management, and when you are able to do that properly, you will be in the top 2% of all businesses.

Customers like special treatment. It is not difficult to cater to that need, and it can be done very inexpensively too. Insurance agents for years have sent birthday cards to their clients every year, and for many clients, that one selfless act has made a huge difference as to whom they did business when they purchased their next insurance policy.

Many businesses will periodically send a nice gift card, to be able to be used anywhere, as a token of thanks for being a customer. You will find that a large portion of the people will use the gift card at the business of the sender.

Useful advice and “how to” instructions of how to do something can be sent out as an appreciation gesture too. No strings attached is the way to handle this, and you had better believe that as you do these things, your intent is not lost on your customers.

The key to all of this is that somehow you have to keep track of all of this, and that is where CRM management systems come into play. The system will keep track of everything you do for a customer like this, along with their purchase history, and how they react to your free information that you send out.

When your customers get special treatment, just because they are your customers, they will be loath to do business anywhere else. Woo your customers like you would the person you would like to marry, and you will find that your relationship with your customers will thrive, and with your crm management system you will have every transaction and nuance at your fingertips.

How To Plan a Business Growth Strategy

If you want your business to be successful, you’re going to have to come up with a business growth strategy. With the right strategy, you should be able to take your business to bold new heights.

If you’re having a hard time coming up with a strategy, you should keep reading. These tips will allow you to develop the kind of strategy you need.

1. Set Attainable Short-Term Goals

If you want to keep your motivation levels high, you’re going to need to set some goals that you can reach. Come up with some short-term goals that you should easily be able to hit.

As an example, one of your goals could be to increase traffic to your website. You could achieve that goal with an ad campaign, or by working on your SEO. No matter what strategy you choose, you should be able to hit your goal and see your results very quickly.

2. Set Long-Term Goals

If you really want your business to thrive, you can’t just think about the short term. You’re going to have to consider the long term as well. Think about the kind of goals you want to be working towards over the next few years.

When it comes to long term goals, you should be afraid to think big. You should be trying to figure out what your business is capable of. You don’t have to achieve these goals right away; you can keep on working towards them for a long time.

3. Develop A Plan To Achieve Those Goals

Having goals is all well and good, but you’re still going to need to put together a plan of action. Figure out a number of different ways that you can achieve the goals you want to hit.

Don’t put all of your eggs into one basket. Try to come up with a variety of strategies. You’ll be able to see what kind of strategies work for your company, and which ones are a waste of time. No matter what happens, you’ll always be learning something useful. business growth strategy

4. Focus On Building Your Business In Other Ways

In addition to working towards your goals, you should try to come up with some other ways to strengthen your business. You could have your employees go through additional training, or work on making your social media accounts more appealing.

No matter how great your business is, you can always make it better. A business growth strategy that’s truly strong will take that into account. You should always have goals, but you should also be looking for new ways to better yourself and your business.

Growing a business can be a lot of work. There are very few companies out there that become a success overnight. For most businesses, it takes an enormous amount of effort just to become profitable.

If you want to take your business to the top, you should spend time honing your strategies. You’ll be able to build a strong business for yourself.

How To Become A Stockbroker – What You Need

If you’re wondering how you can become a stockbroker, what you need is a job as a stockbroker at stock brokerage firms Merrill Lynch, Morgan Stanley, Charles Schwab or Fidelity. However, you don’t just walk into those companies and say you want to become a stock broker.

Back in the day when the stock market was really new, it was possible for just about anyone to work at a stock brokerage. These days, however, you need to prove to people (read: your future boss) that you can be trusted with other people’s money.

The first thing you need is a degree in a related course like finance, economics, accounting, business management. After graduation, it’s either you sign up as an intern with a stock brokerage firm or you pursue your MBA or both. The idea is to have something on your resume that proves that you have the necessary educational background to be very good at your job.

Between finishing your studies and moving on to your MBA, you should start to build your own stock portfolio and read books or else work with someone who is building his or her own portfolio. Do this even when you’re busy with your internship.

Again, the idea here is to prove to your prospective employer that you’ve gotten over the steepest part of the learning curve.

As a stockbroker, there are really only two career paths for you: full-service broker or discount broker.

A full-service broker is a very sales-oriented person and work with clients, giving them advice on which stock to buy or sell. He or she is also responsible for finding his or her own clients. A discount broker, on the other hand, assists in buying and selling but do NOT give advice.

Characteristics of a Small Business with Good Credit

 

Imitation is the sincerest form of flattery. Small businesses trying to build up or improve their credit profile can do so my mimicking the characteristics of companies with good credit.

 

High Credit Score

Small businesses with good credit have high scores. Achieving a high credit score is a result of accumulating a strong credit history that is without negative factors.

 

Long Payment History

The optimal way to earn a high credit score and strong credit profile is to have a lengthy history of making payments to creditors and lenders. Payment history is one of the most significant factors in credit score models. A history of consistent, timely payments will go a long way toward building a good credit. Companies with good credit almost always have an extended payment history.

 

Multiple Credit Accounts

Companies with good credit frequently have multiple accounts. The reason is that several accounts (and various types of credit) demonstrate a company’s capability of servicing diverse lenders and creditors. Also, more credit provides greater opportunity to build a long payment history.

 

No Tax Liens, Judgments, or Collections

The absence of negative factors, such as tax liens, judgments, collections, bankruptcy, and other claims, is indicative of a company with good credit. The existence of one or more of these factors not only lowers a company’s credit score, it increases the financial risk that lenders are wary of.

 

Limited Inquiries

Companies with good credit do not have a large number of inquiries. These are credit checks that are performed by lenders and other uses of credit information. A high number of inquiries are suggestive of a company that is frequently applying for credit, and possibly being turned down often (the reason why a high number of inquiries are being run). Small businesses should know that certain types of inquiries, like unsolicited promotional offers by credit card issuers, do not count against a credit profile.

 

There’s no secret formula for obtaining good credit. Any company can build a strong credit profile. New businesses, as well as those with less than stellar credit, should try to mirror those that have a high credit score.

Steps To Building Business Credit And Positive Credit Scores Before You Establish A Business

 

 

Credit rates right now are incredibly low and banks are eager to give people with solid business plans capital to start up their business. However to access that money you’ll need to work at building your business’ credit to make it an appealing target for investors. Banks and other lending companies will do their due diligence before deciding if your business is a worthwhile investment for their money. Here are a few tips for making sure you can get the money your business needs to succeed.

 

Have a Strong Business Plan

A business plan is a document that describes your business in detail: how it will function and succeed, what resources you’ll need, and a long-term plan for the business. Quick research can come up with several guides for composing a business plan that will appeal to investors. Remember, they haven’t been with you while you designed the business. You’ll have to sell it to someone and make them care about your idea.

 

Fill Out the Right Paperwork

Your small business, like a person, will require a lot of care and paperwork when it’s born. Remember to incorporate your business and obtain a Federal Tax ID #. This is the birth certificate and social security number for your business and will represent your business when you’re applying for credit.

You’ll also want to register with Business Credit Bureaus. These privately held companies function just like the big three consumer credit agencies. Business Credit Bureaus are an essential part of building business credit and allow you to directly monitor how banks and other lenders will perceive your company.

 

Consider All Credit Sources

There are a lot of different ways to obtain a line of credit for your small business. One of the first that comes to mind is the business credit card. Every credit card company worth trusting with your information will offer a business credit card structured differently from a personal credit card. These cards will have higher limits and lower interest rates and will frequently come with other tools to help keep your business running smoothly.

Vendor credit is another credit source that might work for your small business. Consult your vendors and ask about any credit programs they offer to companies that purchase from them. These vendor lines of credit attach you to a company that has everything to gain from your company’s success and can improve the relationship between your small business and your product supplier.

It is important to maintain diverse lines of credit as each credit type affects your credit rating in a variety of ways. Diversifying these sources of credit will insulate your business from the affects of defaulting on one credit type or any other fluctuations in payment.

 

Use Common Sense

Remember to build a solid payment history. All the diverse credit types in the world are worthless if your business doesn’t look like it can pay back its loans. Stay on top of your payment schedule and pay in advance if you’re able. Lenders will be more inclined to loan credit to a business that looks like it has everything together.

Also, remember to stay informed about changes in rates and credit types. Subscribe to newsletters or magazines that deal with this information and research it on the internet. Good credit is essential to building a solid business so you can’t do too much research on it.

With these tips in hand get out there and start building business credit.

Business Solutions Toolkit

 

 

Increasing competition means your business needs to maximise its full potential in order to survive. This can only be realised through harnessing the power of your people.

 

Funding is now available to businesses with between 5 and 49 employees, through the Small Firms Initiative, to provide a comprehensive and practical review of your company’s training and business needs.

 

 

How does the programme work in practice?

 

  • A FREE review of your company is carried out to identify your business and training priorities
  • A report and recommended action plan will be produced to help move your business forward. This is worth £500
  • You will then receive advice and support worth £500 to help you implement the plan
  • You can then choose to go for assessment and recognition against the Investors in People (IiP) Standard. There is a £250 subsidy available if you achieve recognition

 

What are the benefits?

  • Your business will be better equipped to grow, boost profitability and financial and business performance
  • Your business will have a better awareness and understanding of the importance of people to the success of your business and the contribution they can make
  • Your business can achieve recognition against IiP, an internationally recognised quality standard
  • Your business will get discounted business information

How much does it cost?

To access this programme, there is normally an initial set up fee of £150. This fee is not being charged for those signing up to the programme before 31 March 2004. You will then receive advice and support worth £1250
The cost of assessment against the IiP standard. This is between £687 and £975 for companies with less than 50 employees, less your £250 subsidy

Engaging Advisors for Business

 

It does not matter how talented or ambitious you are. If you are running a business, you need to contract advisors for business. They will become hand in helping you to get around certain obstacles or realities that may bring you down if they are not taken care of.

Advisors for business offer mentorship services. The advisors invest their time to serve the business. Similarly, the business must create time to invest in this relationship. This article gives you tips on how you can engage and manage the advisors.

It is necessary that you select the advisors based on their expertise. Any growing business requires a think tank to give it ideas that can help move the business to the next level. Unfortunately, most advisors for business with expertise in the line of your business may be too costly. However, if your business can afford to pay for their services, it is important that you consider hiring and engaging their services because they may be better placed to help.

When you finally get the best advisors for business, it is necessary that you state your expectations in your first encounter. Having a contract covering the details regarding equity, compensation and any other expenses not reimbursed is important. As stated earlier, engaging business advisors is a long term process thus it is necessary that you , have a clearly defined path to be followed and the guidelines to follow. The frequency of the meetings the phone calls and the number of hours that the business commits to the advisors must be stated in clear terms.

 

An Exit Strategy

It is important to develop an exit strategy in the preliminary stages. When you realize that your advisors no longer useful to the business, there should be an amicable procedure that should be followed to end the process. This is why it is necessary to define the course of action to take once you discover that the strategy you are employing is not working.

All said, it is necessary to ensure that you make the most out of the advisors. Figure out the areas you want your advisors to help, identify the right advisors who are skilled and experienced in that area before you engage them. The business must rip more from the relationship while the cost of keeping the advisors must be kept at the lowest. Be prepared to listen to their advice because most advisors will be honest if giving their views.

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