Property letting is generally a good deal for everyone. There’s a small minority of unethical landlords, of course, as well as unethical tenants who can cause problems. In general, though, the more profitable letting is to the landlord, the better choice tenants have. Could this be changing, though? Various recent measures by the government could end up both cutting into the landlord’s profit and creating extra probl
A bailiff (‘enforcement agent’) may visit your home if you don’t pay your debts, eg a Council Tax bill, parking fine, court fine, county court or family court judgment. This will happen if you ignore letters saying that bailiffs will be used. You might be arrested if you don’t pay criminal debts, eg fines or penalty notices. A bailiff may also visit your home for other reasons, eg to serve court documents or give not
Research suggests that many businesses do not have in proper place contingency plans for dealing with potential disasters. While the current economic climate may mean that resources are stretched for many businesses, at the same time the global crisis also serves to demonstrate the importance of planning ahead in order to protect your business from the impact of unexpected events. From global pandemics to natural dis
After the Summer Budget, it was clear that landlords were being targeted with the removal of the 10% wear and tear allowance from April 2016 and the finance cost restrictions coming in from April 2017. However, if you thought it would stop there, you were wrong. It now appears that there will be further ramifications for landlords and second home owners, as announced at the Autumn Statement. Going forward, into 2016,
“Cashflow is the lifeblood of any business,” comments Donald Kerr of Lloyds Bank, “but for too many businesses, late payments continue to be a significant problem.” Lloyds recently published their Business in Britain report, which found that almost 20% of businesses have problems with their cashflow, the majority of them identifying late payment as a significant issue. Late Payments LloydsR
The basis of all Contracts and written Agreements are all tied to Terms & Conditions; and at this time of year in particular, do you know your rights under the T & Cs of the goods and services you have purchased Accountants & Solicitors have Letters of Engagement, which are their Contracts and Terms, and they are governed by either the ACCA or the Solicitors Law Society. Many businesses belong to an assoc
Here’s a piece of information from Sterlings Accountants to think about before changing a vehicle. Choosing the right car (for capital allowances) The rate of capital allowances (CAs) you can claim for cars used in your business varies between 8% per year to 100% of their cost. That can make a big difference to your tax bill. What steps can you take to achieve maximum tax efficiency? Capital allowance rates Th
This is an article from Adrian Cohen of Sterlings Accountants and I thought it should be shared Property letting is becoming a “legal minefield” as new legislation tips the balance of power against landlords, lenders have warned. New legislation has come into force from this month that will limit landlord’s powers to evict their tenants. The rules are intended to prevent “retaliatory eviction”
Published by Paul Dell on 14 September 2015 I am not too sure what landlords have done to upset the Chancellor, but he seemed to have it in for them at the Summer Budget, announcing an array of changes, which will significantly increase their tax liability. The most significant change announced was the restriction of tax relief available on mortgage and other loan interest payments. This change will affect rental inc
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