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Electricians and Electrical Companies

Jan 22

Posted by admin in business, finance, VAT | No Comments

There are a number of  points to note  if you’re starting up a limited company, and many people as if they need to be VAT registered.

There are situations where being VAT registered is compulsory.  If your turn over is over £85,000 per annum, than you have to be VAT registered. Any lower than that and you have the choice.   If you’re turn over is low, then you can opt for the flat rate which means you will pay around 11% flat rate (at time of writing) with a 1% discount in your first year.  This is beneficial if your business is starting up or if you don’t spend much on materials.

Let’s go through an example, if you’re a small local electrical business or like in the case of Voltstarelectrical providing electricians in wandsworth, there may be a case of being VAT registered, if you are  predominantly purchasing you’re own supplies.  This means they can claim the VAT amounts back from their purchases for electrical cables, wiring panels etc.

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End of Year Accounts & Financial Reporting Print Services

Nov 25

Posted by admin in business, finance | No Comments

As a business owner, we all know how quick your financial year end can come round again.  There a numerous accounting software packages out there to help manage your monthly book keeping so you keep on top of your admin.  Sage, quickbooks, bookkeeper, accountedge to name a few.

With Sage, you get a free months trial and this is one of the most widely used accounts packages in the UK, by small and medium size businesses.  It does all the things you need it to do, VAT calculations, profit and loss accounting and you can also print all your documents.

If you’re a larger company and you have a requirement to send out a printed copy of your financial reports or annual accounts to your investors, there are now a number of online printing providers which allow you to print large volumes at an affordable cost.  You can tailor your printing solution, template to suit your needs through using an online document printing portal like doxdirect.  To obtain further information about how you can save money by printing online, click here for online printing solutions at one of the fastest growing print service companies.  They offer a secure login/portal and a interface to manage and upload all your documents for print.

 

 

 

 

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After Business comes retirement

Jun 21

Posted by admin in business, finance, insurance | Comments off

Preparing for Retirement: Pension Annuity

In desperate needs for financial relief more and more people are tapping into their 401k in hopes of providing some financial relief for their family during this tough economic time. Years of hard work, diligence and loyalty to a company has earned the individual the right to collect what is rightfully theirs. But here lies the problem; once that retirement plan has been tapped into and drained there is no going back and undoing it. It is not uncommon for hardworking individuals to decide that enough is enough hand they want to retire and try to enjoy life without the need to punch in a clock every day.

Though retirement may sound like a lovely venture with nothing more to do then wake up and decide which golf course to put around at every day but the truth is many people abuse their 401k and find themselves looking for work within five years of retiring, why?  Upon retiring individuals are faced with a payout choice, to either take their retirement in a large lump sum or choose a pension annuity that can help budget or lengthen the life and duration of their life’s hard work. The appeal to take it all and go is so attractive that many choose to do just that without giving much thought to their future and what will happen if and when that money runs out.

Choosing a pension annuity is a wise investment. A pension annuity allows for monthly payouts for a set amount over the remainder of one’s life insuring that money will not be wasted or blown within the first five years of retirement. An investor looking to purchase a pension annuity has several options to sift through to find which annuity fits their individual needs best. One such option is a deferred annuity; deferred annuities is used to grown one’s assets and help provide a secure set amount of income during retirement. When the annuity is being saved and invested in the individual’s investment has the chance to grow without being taxed, making an annuity a wise investment option.

To learn more about the different annuities available, please visit www.annuitysearch.co.uk

 

 

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