logo

Category

Uncategorized

If You Have Great Tenants, You Want to Keep Them — Here’s How

The perfect balance for any landlord is to ensure a regular, unbroken income from your property with a minimum of effort and hassle. And the best way of ensuring that is to keep any good tenants you already have. The obvious advantage of keeping a good tenant is that you won’t have gaps in the rent coming in, but there are other benefits. If the tenancy isn’t constantly changing, you’ll be spending
Read More

How Do You Get Information about Your Debtor’s Assets?

So you’ve got your court order that says you’re entitled to the money your debtor owes you. Now what? It’s one thing to be entitled to it, but that’s not much good if they claim not to have the funds available to pay you. Or do they really? Getting the Information You Need Fortunately, you don’t have to take your debtor’s word that they can’t afford to pay you. If you have a judgement about the debt, you’re entitled
Read More

Duty to Report — Will It Have Any Effect?

SMEs that rely on large companies as clients have always suffered from a power imbalance when it comes to paying bills, and the situation seems to be getting worse. It’s been estimated £266bn is being withheld from SMEs through late payment, and there are signs this has been increasing since the Brexit vote. Duty to Report All political parties are promising action, and the Duty to Report measures were introduced in
Read More

A case of the Government passing the buck again!!!

New requirements for residential landlords to ensure that a tenant or lodger can legally rent a property are coming into effect. The new requirements requires private landlords, including those who sub-let or take in lodgers, to check the right of prospective tenants to be in the country to avoid being hit with a penalty. The changes will start where a tenancy agreement commences on or after 1 February 2016 in Englan
Read More

What is next for Landlords?

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,
Read More

Are your Terms & Conditions fit for your purpose?

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
Read More

Choosing the right car (for capital allowances)

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
Read More
Tags:

Are Buy-to-lets becoming “legal minefield”

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”
Read More

Are Properties Still a Practical Investment for Buy-to-Let Landlords?

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
Read More

In business, continuity is key to survival

I don’t want to spoil your holiday, but can your business manage without you for a while? It’s probably not so much of an issue for a one-man band or a partnership, or even the family corner shop, where you can literally put a ‘gone fishing’ sign in the window, shut up the shop and take off for a couple of weeks of well-earned rest. These days, mobile phones, the internet and laptops have made it easier to keep in to
Read More