Release cash from properties

Landlords can now release cash from properties without selling up

Using new equity release schemes, you might well be eligible to release cash from properties in your buy-to-let portfolio without needing to sell up completely. How can landlords release cash from properties used for rental? Until recently, buy-to-let landlords could only access mortgage options that permitted equity to be released on their own residential property.…

4 common accounting errors small businesses should avoid

Starting out as a small business owner is hard enough without the worry of rectifying accounting errors. That’s why we’ve prepared this handy list of four common accounting errors to avoid: 1. Confusing cash-flow and profit Mixing these up can jeopardise the development of your business by leaving you unexpectedly short of cash. Cash-flow covers both your incomings and outgoings (overheads, supplier…

Small businesses sent inaccurate rates bills from councils

Small businesses have been asked by councils to pay significantly inaccurate business rate bills. This is with the promise of being reimbursed later on. Rates have risen by as much as £3,110 for some businesses, and owners were told to pay up or face a hefty fine. Speaking back in March, an unnamed local authority source described the…

Peers urge delay to Making Tax Digital

Members of the House of Lords (HoL) have urged the Government to delay implementation of the new Making Tax Digital scheme. Peers have asked that the initiative be delayed until 2020, following the conclusion of a comprehensive pilot scheme. What concerns do peers have about Making Tax Digital? HoL representatives have described the Government’s predicted “tax…

5 reasons to go paperless with your business

Going paperless and exclusively working online has been a popular trend for small businesses in the past few years. 3 Wise Bears works through online accounting systems, which grants up-to-date information 24/7 and no paperwork to keep organised. There are many advantages to going completely paperless, including saving time, money and space.   Information stored…