Business Rates Issues Continue to Cause Financial Problems for Start-ups

Business Rates Issues Continue to Cause Financial Problems for Start-ups

More than 500,000 businesses in Britain have are still experiencing problems following the latest business rates regulation changes. Start-ups in the UK were forced to pay more in business rates without knowing whether they will benefit from the announced £300 million relief package. Following the announcement, which can into fruition in March, news have surfaced that the ‘relief fund’ has still yet to be paid out and it is causing major problems for UK businesses.

Restaurants, shops and businesses in southern England have been hit the most following the first revaluation in over 7 years. Recent news articles broadcasted that certain start-ups have been faced with massive 50% rise in business tax, and with the new support fund announced by the Chancellor still not functioning, these business are still unsure of whether they will be able to benefit or lose out. Worry remains that businesses will be left in the dark for more months to come and with no announcements on the horizons, will people get their money back? Experts fear that the longer this is drawn out, businesses could be forced to relocate or go under.

Following the flood of news, Government sources leap to the defence of the fund by stating that it will be ready by the end of summer. Jerry Schurder, head of business rates at Gerald Eve, said: “Whilst the package of measures announced in the Budget will eventually bring benefit to some businesses, the current uncertainty as to who will qualify and to what extent, is of huge concern… Rates bills landing on doormats now do not include any of the new reliefs and demand payment of the first monthly instalment within the next few days.

“In the meantime, Government is still consulting as to how the £300m discretionary relief fund will be divvied up amongst councils. Only once it has made decisions and advised local authorities as to the categories of business Government believes should be considered for relief will the process begin… Councils will have to devise their own guidance as to which of their local businesses might qualify, programme their billing systems, create application procedures and put in place resources to manage what could well be a torrent of applications for these discretionary reliefs. We could be well into the summer before businesses learn what share of the pie, if any, they will be granted.”

As stated, over half a million UK businesses have seen a spike in their business rates. The Government have however, disputed this change by releasing figures that show that 420,000 will play the same amount as previous, with 920,000 companies set to see a decrease following estimates after the first quarter.

The magnifying glass was firmly shone on ministers before the Budget as support was being called upon for those affected by doublings in rates after sharp housing price increases. Following this, the Chancellor announced 3 different measures in July that meant that start-ups facing those larger rates would get more help, that 90% of pubs would be given a thousand pounds off of their bills and finally, that the third measure was the article based topic surrounding the £300 million fund for firms raising council given tax rates rises – the same fund that businesses are waiting to claim a business rates appeal.

Despite this, owners as well as critics are still skeptical about this as they are still being forced to pay increased bills today without knowing whether they will be able to get the money back or the financial help that they have been promised. Each local council can also choose its own rules for who gets the funds, leaving business facing more uncertainty according to experts.

The Government this week have responded by outlining the £6.7 billion package that is set to commerce to aid businesses with the revaluation, stating that the fund would be functioning “as soon as possible… We’ve listened to the concerns of businesses and are giving an extra £435 million to help those facing the steepest increases in their bills. Working with local authorities, we’re making sure this extra support gets to businesses as soon as possible.”

That however, is still no help for businesses financial concerns today and as it has now been many months since this business rates relief was set to take place, they are still no closer to an answer. Continued stalling on this policy could massively hit the UK economy with start-up going out of business. That mixed with uncertainty regarding Brexit changes and free movement regulations could produce mass problems for the business climate within the country.

5 Ways to Get a Loan without Your Parent Being the Co-Signer

5 Ways to Get a Loan without Your Parent Being the Co-Signer

Adolescents struggle during their youth to make ends meet and thus require a steady influx of finances to fund their future endeavors. However, asking your parents for cash or being a co-signer is not always possible considering they have already invested a lot on you, exhausting all their resources.

Securing a loan without your parents as a co-signer will give you a sense of independance.

Here are a few ways through which you can get a loan to assist you during your peak years.

1. Make A Smart Choice

If you are looking for loan options without a co-signer, need not worry. You have several financing options available where you can get a loan without involving your parents. One of the most popular financing option available for youngsters is a student loan. You can also opt for a personal loan to help you manage your finances if you’re not going to university/college. If you apply for a personal loan, do your background research to ensure you’re eliglbe.

2. Be Strategic With Your Decision

Youngsters tend to get overwhelmed when they have to take charge of their finances, which can lead to them making wrong decisions. Thus, do some market research and get a strategy in place so that you know what loan you want and what factors may impact you. For example, take the interest rate and any hidden charges etc. into consideration before applying for a loan. You can also opt for  peer-to-peer lending or credit unions to help you secure a loan.

3. Strive Hard To Improve Your Credit History

It is increasingly important to have a strong credit history and score if you want to increase your chances of getting a loan. The issue faced by most youngsters is that their credit history is poor, which either results in rejection or high interest rates. Similarly, a poor credit history also denotes bankruptcy or late payments affecting your overall stability.

Start working hard to improve your credit history. Discipline yourself, make payments on time and shop strategically with your credit card. All this will help in improving your credit history in the long run. On the other hand, if you need immediate cash then opting for a payday loan or quick loan will be a better choice.

4. Calculate Your Loan Amount

You can also calculate the amount you are eligible to loan with the help of a loan payment calculator. The loan calculator will take your expenditure and income into consideration to suggest a suitable amount that you can easily repay.

Calculating the loan amount will give you a better idea about the amount you can secure. Moreover, it will minimise the chances of rejection as your demand will be significant to your financial situation.

5. Prepare Proper Documentation

Before you apply for a loan, make sure to do your documentation correctly. The requirements tend to vary from organisation to organisation. Therefore, it is important to do your research before applying for a loan. Make sure to gather all your documents to strengthen your case, as otherwise they may advise you to involve your parents and get them to be a co-signer.

As a youngster, you may face some struggles in the beginning with your finances. Chances are that your loans will also be rejected until you can show you have a strong credit history. However, you shouldn’t give up and should keep trying until things work out.

To reduce your chances of rejection, do your due diligence, have the required documents prepared and improve your credit history. While there is no such way to ensure an approval, taking small yet significant steps can make a difference.

Why Is Gold So Valuable?

Why Is Gold So Valuable?

No matter the strength, appearance or rarity, no metal in the world is held with such high regard as Gold. For centuries, it has been a symbol of wealth, status, and power, and in the modern age, the absolute standard for global currencies. A massive symbol in religion, Gold can often be found in many churches across the world as well as religious texts, crowns, crucifixes and jewellery. For as long as it’s been in existence, people have always wondered why Gold has such value, both financially, and within society. One of the reasons Gold is so sought after is that it is inert, this means that it can’t rust, corrode or degrade as it doesn’t interact with other elements the same way many other metals do. It’s a generally accepted fact that Gold, if taken proper care of could last near enough forever. It is also incredibly adaptable, as it can be stretched, moulded and reformed without breaking, allowing designers, jewellers and creators to use it at their will. It is also a conductor of electricity and can be found in computer parts and cables designed for audio use. However, fancy jewellery and high end electrics aren’t the only places you’ll find the elusive metal.


  • Alcohol

Goldschläger, the Swiss schnapps features small, yet clearly flakes of gold floating in it. How’s that for luxury?


  • Phone Covers

The latest trend amongst the ultra-rich is gold plated/ phones and tablets!


  • Cars

BMW’s, Ferraris, Porches, how does one make an expensive car more expensive? Cover it in gold, of course!


  • Underwear

Turns out Gold plated Bras are all the rage in the fashion industry right now, just incase you needed to show how rich you are both inside the bedroom, and out.


  • Coffee Machine

At a whopping £1,070, you can grab yourself a completely gold LA PAVONI coffee maker to add a little glamour to your kitchen counter, and your morning brew.


  • A Bicycle!

Yeah, we can’t really see the merit in this either. But then again, even the mega rich need to stay fit!

Despite not being the rarest, or even the most expensive material on earth, Gold is still considered the stand by which value is defined. The combination of both rarity and aesthetics has pushed gold to the top of the ladder when it comes to sought after metals. There’s not a single material on earth that has the appeal that gold has managed to earn.

Credit to Slot Games

What You Need to Know About Starting a Real Estate Business

What You Need to Know About Starting a Real Estate Business

If you enjoy selling real estate, then you already understand the types of profits you can make. Yet, it can be difficult to split your profits with several agents.

It can be such a disappointment when you hear you are receiving a $300,000 commission but splitting it with five other agents. Now, you are still getting a nice payment, but only a fifth of the full amount. Plus, you have to deal with the personalities of four other agents who probably think they know the best way to sell the house. It can be chaotic.

This is why successful real estate investors choose to own their own brokerage to help structure real estate investments in the best way they see fit.

Start with Saving

You will need money to open and run a business. Items to consider include:

  • Renting or buying a space
  • Website design
  • Logo design
  • Insurance
  • Office signs

Financing

Then, you need enough money set aside to cover operating costs. If you want your business to succeed, you need to keep the lights on and the Internet working. You also need your phones to work.

Moreover, if you plan on hiring anyone, you need to have enough one hand to pay their salaries for several months until the sales start coming in.

Legal Configuration

You want to ensure your business is a business. This all depends on what type of tax status you need. In general, many real estate brokerages are set up as LLCs. This means owners can legally separate themselves from liability and increase protection over personal property and finances if ever faced with a lawsuit.

It’s not difficult to create an LLC.

All you need to do is file articles of incorporation with state agencies and ensure your company maintains good standing. Nonetheless, it helps to seek out the advice of an attorney who specializes in real estate issues.

You may also want to discuss your plans with a financial advisor to ensure you are spending your money wisely.

Marketing

You also must decide how you will get leads. You need a plan that will keep your inbox filled and your phone ringing. If you don’t have leads, your business will dissipate rather quickly. So, you must have a marketing plan and a marketing budget.

Even if it’s a few reams of flyers, you must start advertising. Some strategies work better than others. The point is: you need to make money to stay in business.

Hiring

Now that you have a real estate business, you need to hire agents to bring in multiple streams of income. Who you hire depends on what type of business you can attract. The best agents will work for firms with the potential for many good leads. So, it is your job to provide that. Easier said than done, but it is necessary for getting the best agents available.

In Conclusion

Starting a real estate brokerage is a good idea for seasoned agents with a plan for success. Huge profits won’t come in overnight, but they will happen with the right strategy and implementation.

Get Help with Your Mortgage in Florida and Avoid Foreclosure

Get Help with Your Mortgage in Florida and Avoid Foreclosure

Source

A lot of people believe that, once they are facing foreclosure, no bank will touch them anymore. In reality, however, Florida mortgages are there to help them avoid foreclosure as well. Not just that, thousands of people who took out a mortgage in Florida many years ago have found that their original lender is now owned by a major national bank, is no longer in business, or has been sold to a different, out-of-state lender. In all of these cases, it may be time to consider a different mortgage altogether.

Start Anew

Florida mortgages are there to help you start afresh, and this can help you avoid or stop foreclosures. In fact, purpose foreclosure loans exist, which can take on your mortgage and any other debt you may have, combining them into one. Once you have done that, a weight will fall off your shoulders as you can suddenly meet all your financial obligations. All you have to do is find a Florida mortgage expert that deals specifically with foreclosure situations. A quick internet search will reveal many of these professionals just waiting to help you.

What Foreclosure Experts Do

Foreclosure experts work specifically with those who are in dire financial straits. They know that their clients have been turned away by the vast majority of other lenders but are able to find them other solutions. Foreclosure rates have always been at the highest in Florida and the government has created a number of programs to provide assistance with this.

Foreclosure loans do require a down payment. However, there are federal programs in place that can help with this as well. An example of a solution that is out there is the Florida Assist loan program, which offers help of up to $15,000 for a down payment. While this is a loan, it is non-amortizing and no interest is charged on it. Furthermore, the loan is offered as a second mortgage, and no monthly payments have to be made specifically for that loan. Instead, you will not have to repay it until the home is refinanced or sold on.

Another option is the HAMI (Homeowner Assistance for Moderate Income), which offers help towards down payments or towards the cost of closing. Furthermore, there are a variety of incentives and credit programs available through the government, all designed to ensure people can either buy their own home, or avoid foreclosure. The Office of Community Affairs provides a wealth of information on these options.

Naturally, the best option is to never get into a position in which you face foreclosure. There are many different Florida mortgage lenders around who have very friendly acceptance criteria. They would be more than happy to hear from you and discuss the options available to you. It is best to do this as soon as possible, rather than waiting until the bank starts to make moves towards foreclosure, as the longer you wait, the worse your situation will look on paper.

How to be economic with your food budget

How to be economic with your food budget

With kids in the house especially teenagers it is really hard sometimes to be economic with food. This is because they always want to be eating something. You really can’t stop them if they truly want to eat. Below are a few helpful tips that will help cut down on your budget. The tips still allow you to stock food stuff you want.

Plan your meals ahead

You will spend more money if you are shopping for food every day. Plan your meals ahead and shop once a week. The problem that comes with shopping for each meal is you end up buying other unnecessary foodstuffs that you can actually do without. You will end up buying chocolates and extra ice cream when you can buy this once week. Make a plan and stick to it. You will not have spent so much. The same rule applies to online casinos. You need to stick to your budget before you wager. You can visit www.newzealandcasinos.co.nz should you be interested in reading more about gambling and casino budget information.

Prepare a list of the things you need in your pantry and freezer

It is very wise to check your pantry and your fridge for what is missing and buy the essentials first. Most people buy stuff and they come home only to find they already had what they bought. How annoying is that? Or even buy plenty of steaks just to find out that they are running out of cooking oil. Sometimes, because people want to shop they will say that they have nothing for supper yet their food stores are nearly bursting with food. If you really want to shop, it is ideal to start looking at what you already have. That way you will spend less and not buy unnecessarily.

It is also economic to eat leftovers

Serving leftovers really cut down your food budget by almost a quarter. Don’t ever feel bad about serving leftovers.  Once they are warmed and if they were prepared well they are still healthy. Some of the leftovers that we just pack in the fridge end up in our bins which are really a loss. You will not want to win real money online casino games just to be wasteful like that.  Use these tips to be economic.

Two Important Factors that Set Good Financial Advisors Apart

Two Important Factors that Set Good Financial Advisors Apart

Keith Springer is a popular financial advisor that has dealt with some high profile clients. He believes everyone should work together with a financial advisor, and has created some advice on how to choose the best one. According to him, there are just two factors that people should really look for.

Their Experience in Financial Planning and Their Price Package

Good financial advisors are also excellent financial planners. That means they look at the full situation of an individual, making sure they plan personalized strategies to meet their goals. This is very different from a financial advisor who works more as a broker, meaning you ring them with a description of your needs, such as an insurance policy or investment, and they execute it for you. Financial planning is always separate from financial advice, so it is likely that you will be charged for that as well.

Their Area of Focus

Different financial advisors have different areas of focus. Common areas include:

  • Estates.
  • Taxes.
  • Retirement planning.
  • Financial planning.
  • Insurance.
  • Investment.

Others, however, take a more generalized approach. Which of the two is better for you depends on your personal needs. You have to think about the bigger picture yourself as well. For instance, if you are in your late 40s, you may only require financial planning, but will quickly be approaching the time where you will need retirement planning and, eventually, estate planning. This means that a generalist advisor may be more beneficial, as it means that you won’t have to find a new advisor each step of the way. However, if you have a specific issue that you need help with, such as buying into the right life insurance, then a specialist advisor is perhaps more suited to you.

Some Extra Considerations to Make

The two factors above are the most important ones to consider when choosing a financial advisor. However, there are a few other things to consider as well, including:

  • Whether they offer convenient appointment times, including outside of regular office hours.
  • Whether they and their staff make you feel respected and comfortable.
  • Whether you feel like your advisor and support staff go out of their way to help you out.
  • Whether you feel like your best interests are at the heart of what they do.
  • Whether their office is comfortable, efficient, and easy to get to.

Make sure that you research and speak to a number of different advisors before you make a final decision. This will enable you to see what sets the different advisors apart, enabling you to find the one that will best suit your needs. All good financial advisors will offer you a free initial consultation if nothing else, and you need to use those to see how you feel about the advisor, their work, and their office. The decision on whether or not go ahead with their help should be left up to you, and you should not be pressured into making a decision on the spot.

What is online trading and how does it Work?

What is online trading and how does it Work?

Online trading refers to the process of purchasing or offering financial items via an internet driven platform. In most cases, the platforms are provided by web-based representatives, and they are usually accessible to every individual who wishes to make a profit from the market. The online trading platforms such as CMC Markets offer an assortment of different items for trading including shares, indices, commodities, and Forex. Among these services, Forex has been the most recognised form of online trading over the past few years. The invention of the Internet and the affordability of high-speed Internet enabled mobile phones have made online trading something that anyone can try from the comfort of their homes. No need to rush to the bank or walk on the streets trying to convince people to buy your products.

Simple and Convenient

From the comfort of your home, you can trade in Forex which incorporates coinage such as a Dollar for a Euro or an assortment of other commodities such as gold and silver, and to some extent, it also provides some real market files.

It isn’t for the Experts Only

Online trading is not reserved for experts only. Anyone with the knowledge of how to use the internet can venture into it. You simply open a trade by selecting a suitable item, sum and heading and you are free to close it whenever you want to. Many platforms also support the concept of trading twofold choices whereby you simply pick the item you wish to trade in and make a selection of whether you think the item cost will go up or down with time. Online trading in double alternatives represent the basic form of online trading, and on any particular choice you make, chances of you arriving at the correct verdict are as high as 80%.

Learn First then Invest

Online trading involves trading distinctive monetary standards and stocks while making a profit from them. To start off, you need to join an online trading class. Upon joining such a class, you should gain access to numerous volumes of free resources such as eBooks and videos to prepare you for online trading. Some online courses will offer you with a free demo account that you can use to test your abilities without losing any money.

Parts of an Online Trading Account

An online trading account has three segments namely:

  • Bank Account: This is the real investment account which is linked to your online trading account. If you are purchasing anything online, then the cash is deducted from your bank account
  • Demat Account: The purpose of a Demat accountis to mirror the adjust of the various trade items that you hold electronically.
  • Trading Account: This is the platform where you trade. You utilize the account for trading in the essential and auxiliary market.

Basic Instructions to Trading Online 

  • To start online trading, you must open a trading account with one of the broking firms. The online trading account should be accompanied by the Demat account. While opening the online trading account, make sure that the broking firm is confirmed by the SEBI.
  • Consider rehearsing with an online stock simulator: The test systems offer you with an excellent approach to learning online trading. The mistakes you make won’t cost you since it is a test system thus you can learn without the fear of losing your money.
  • Learn all the essential stock market basics: To figure out how to trade effectively, learn everything about the stock exchange and its dynamics. You may learn through news and websites, taking up simple courses on investment or listening to podcasts. Once you understand the stock market, you can be sure to end up as a successful investor.

You are good to go

If you keenly follow everything in this article and work your way up, online trading will be a straightforward and productive undertaking for you. Efficient online trading is only achieved through practice and nothing else.

Example on How to Make Money and Enjoy Life

Example on How to Make Money and Enjoy Life

What are you are pursuing in your life? Is it happiness, money, success, fame, power? For each person this answer will be different but one thing that the large majority of us can definitely agree on is that we are all seeking for a happy life.

We are spending some time on focussing on a wide variety of people who have managed to achieve the happy life which many of us are looking for and the various stories which we hear serve to further inspire us all to achieve our dreams and live that happy lifestyle, whatever it means to you. Today we are going to look at the life of Bennett Kireker New York City salesman who is living out his comfortable life on the Californian coast. Let’s take a look where he came from, how he earns his money and what he does to relax and enjoy himself.

Agribusiness

Having always had a passion for the agriculture industry, Kireker would go on to study agribusiness in college before deciding that this would be the future for him. Starting out in a small way, the young Kireker began growing and selling organic vegetables from a small garden. The produce would be sold to local restaurants and diners and the profits began to come in. Following this first agricultural venture, Bennett saw the demand and potential for profit in the farming equipment industry and began his own business with a friend of his, selling equipment on a local basis. The equipment sales were a roaring success and so Bennett decided to go national with his business.

Pismo Beach

Following the success of the farming equipment business, Kireker moved himself and his company down to Pismo Beach, California, a place which Bennett himself fell in love with. He runs the business for just a few hours per day from his headquarters in California and spends the rest of us time enjoying the California sunshine, safe in the knowledge that he has created a business which has a strong foundation and requires little input from himself. Kirker’s passion for farming can thrive in the agricultural hotbed of California and it is here that he plans on staying.

Taking the Load Off

When we asked how Kireker likes to spend his time, his description of how he relaxes is enough to make anyone inspired. Aside from enjoying the California lifestyle in Pismo Beach with its proximity to San Francisco and L.A. he also enjoys hand gliding on weekends and allows his inner geek to come out on a nightly basis with some VR gaming, the technology of which is improving each and every day. Despite enjoying the beach scene, Bennett also loves nothing more than a trip up to New York, be it for business or pleasure, and always makes sure that he catches at least a game or two at the home of the New York Jets.

Kireker’s career shows just what you can achieve if you work hard on something you love, and what the rewards are at the end of it.

First time investing. Vital questions to ask your financial advisor

First time investing. Vital questions to ask your financial advisor

Looking where to invest your hard-earned money? Want to protect and grow your family’s finances at the same time? Then you’re looking at investing – and for this, you’ll most likely need assistance from experts aka financial advisors.

Of course, you can also do your own research by going online and reading up on mutual fund investment and other investment types available. The questions below will help you know if the financial advisor matches you while at the same time getting a quicker and more in-depth grasp of what you’re looking for.

How do you charge for your service? How much? If this information isn’t available on the website or advertisement of an advisor, ask about it first thing during your initial meeting. Inquire if there’s an applicable planning fee, percentage of assets under management, or if they make money from specific products they sell.

What services do you/does your firm provide? What’s implied in this question are the assistances the advisor cannot give you. Some people are only investment advisors who can give you investment advice. Other people have comprehensive financial planning expertise about insurance, retirement, estate tax, and planning, etc. Ideally, you want to go with someone whose offering will suit your needs.

What are your credentials, licenses and other certifications? If you want someone to help you manage your money, then more than their skills, you better know their credentials. If you’re earning a high income or are a business owner, you’ll want help from a certified public accountant (CPA), who can offer advanced tax planning services. Check to see if they have a personal financial specialist (PSF) certification, which shows you their ability to help clients with financial planning.

What’s your education and field experience? Assess your prospective advisor’s educational background and field knowledge to know why that particular advisor is uniquely positioned to assist you with your financial investment goals. Specifically, find advisors who have proved they can actually apply their knowledge to create the best strategy for you.

What types of clients do you specialise in? Many financial advisors have a niche or field they expertise in, so if you have a specific interest, such as socially responsible investments or charitable giving or if you’re recently divorced or newlywed, you will want to find an advisor whose expertise resides in that field.

Has the consultant worked in any specific industry? Does he know the important industry players? Selecting a consultant who is well-informed of the industry will boost the quality of the result and lessen the amount of time needed to reach the result you want.

End Note

Take note that top mutual fund investment providers online will have their own accredited financial advisor to assist clients. Take your time to do it right. Suitably selecting a consultant isn’t easy and it takes a lot of time. Nevertheless, the payoff from the right use of financial advisors can be huge. On the other hand, the costs of poorly chosen consultants can be distressing to your personal, family, or business finances. Therefore, the time and effort spent choosing a consultant is a good investment.