ABC Money

How To Save on Heating Before Winter

Featured

Sam Allcock

-

21 August 2020

Winter is coming, which means it’s once again that time of
year to rummage around drawers and find a radiator key so you can let trapped
out before your turn the heating on.

It is what most of us will do now as we prepare our radiator for a few intense months of action, but did you know it isn’t the only thing you should be doing to help radiators. You may be surprised to know there are a few active measures you can take to improve radiator efficiency and help save money in the long run.

Thanks to the folks at Trade Radiators, here are some
practical tips you can apply right now to keep your radiators running and
working efficiently without wasting money.

Master your valves

Get to know the numbers on your radiator valves mean and
what the ideal number for different rooms is. Poor use and lack of knowledge
see many people place radiator valves up at 4 or 5 because they think that will
get a room warm. And yes, while it is the max setting, you’re signifying to a
little thermometer inside the cap of the valve that when you are at max, you
want a room to be around 40°C.

The numbers on the valves are for you to assess and control the heat in different rooms, and you should never find that all the valves are cranked to 5 unless you’re happy to have the boiler work as full throttle and waste fuel. Set them to 2 or 3 and adjust accordingly to get a room as preferred.

A good way to test that higher numbers work as you want is
to safely touch a radiator (with your hand appropriately covered) when it is
set to 4 or 5. If the radiator is boiling to the touch, but the room is
freezing, it is a sign the radiator is trying hard to reach that maximum temperature.
If the valve is set to max, but the room is cold, and the radiator is cold to
touch, you have a problem with either the valve of the radiator. Get a
professional to check, or you’ll continue to waste money on heating.

1.5 is the magic number

Now, this tip is for those who have a gas/combi boiler at
home and have just carried out some radiator bleeding in preparation of the
colder months. When you bleed a radiator, especially if there are large pockets
of air, you are decreasing the overall pressure of the system.

Think of it like having an inflated balloon in a bucket of
water and letting the air out. The overall volume will go down. When this
happens in home heating systems with a gas boiler, it can cause the overall
pressure to drop, which can result in the boiler having a hard time heating up
or even getting your shower to work correctly.

If you want to avoid this, or it has already happened, take
a look at the pressure gauge on your boiler. Most will have an area highlighted
which tells you the recommended pressure. If your dial is below it, you’ll need
to wait until the boiler cools down and open the entry valve up to let new cold
water in the tank. Once the gauge is right in the middle of the preferred
pressure (usually 1.5 bar) close the valve. The next time you turn heating on,
it should work correctly.

Know your timings

When you turn your heating on, hot water has to pump through
the pipes and reach every radiator you have turned on. With different sizes and
locations at play, you should get to know how long it takes certain radiators
to get warm, and how long it takes for the whole system to get up to speed.

Some people will notice that the rooms closest to the boiler
(usually the kitchen) heats up quickly and will knock it off after a short
period. This can see rooms upstairs not get to heat up accordingly, effectively
wasting energy for nothing at all. Even if it means lowering valves in specific
areas, as I mentioned before, a little nuance can help you save a lot.

Save money on everything at home

Thanks for reading this article, and make sure you don’t get
caught out when doing any form of home improvement. Whether you’re looking to
decorate on a budget or plan on renovating somewhere like the bathroom and
would like tips on how to save, visit the property section of
the website for other articles with all the tips and advice you need to take
care of your home.

Ovarian cancer treatment

Health
World

Sam Allcock

-

21 August 2020

0

Ovarian cancer includes large and diverse groups of ovarian malignant tumors.

This disease is characterized by complex diagnostics and high mortality, due to the fact that at the early stages it is asymptomatic and, as a rule, is detected already at III-IV stages, when patients start to have the symptoms that can’t be ignored anymore.

What are the treatment options

The process of ovarian cancer treatment is represented by various methods, among which surgical intervention is the main. But surgeries are possible only when the tumor is resectable. In other cases, alternative therapies are selected.

Surgical intervention

The best result is typically achieved by the surgery, but with an inoperable tumor, such treatment is impossible. Most often the tumor that has grown into nearby organs, intestines or bladder is inoperable.

Hormonal therapy

This is a treatment aimed at suppressing the production of certain hormones. Numerous studies have demonstrated that some tumors, especially of the female reproductive system, arise under the influence of the uncontrolled production of female hormones. These hormones promote the growth of cancer cells, and hormonal therapy is designed to consolidate the results that have been achieved with surgery or chemotherapy.

Targeted therapy

Targeted therapy is a progressive treatment with drugs that contain substances, reacting aggressively to cancer cells. These substances invade the cellular structure of an atypical cell, at the molecular level destroying proteins in the nucleus and important cellular structures. At the same time, healthy cells and tissues do not experience any damage.

Chemotherapy

Chemotherapy for ovarian cancer is performed with the most modern chemotherapy drugs. They combine a high-intensity action on the tumor with a low number of side effects. The drugs suppress the process of the division of pathologically altered cells. For this type of treatment to be efficient, it is used in combination with surgery. It can be performed before surgery, with the purpose of reducing the size of the tumor, or after, to reduce the risk of recurrence.

Radiation therapy

Radiation therapy is also a complementary therapeutic method. Radiation exposure can be internal or external. Internal irradiation is considered a more sparing option. During the treatment, a capsule with a radioactive substance is immersed inside the tumor. The substance irradiates the tumor from the inside without affecting healthy tissues.

What determines the prognosis of ovarian cancer?

Early diagnosis. The earlier women are diagnosed with ovarian cancer, the better the prognosis.
The types of ovarian cancer. Different types of tumors may behave differently. Some types of tumors are characterized by a more aggressive progression of the disease, including a high probability of recurrence and low treatment effectiveness.
The possibility of complex treatment, which influences the effectiveness of the therapeutic regimen.
Amount of time from the initial treatment to the moment of recurrence. Unfortunately, ovarian cancer tends to recur.

Best hospitals for ovarian cancer treatment

We understand how important it is to receive proper care in such special conditions. That is why Booking Health selects hospitals to work with very carefully. The main criteria are advanced technological base, most experienced clinicians, and high rates of treatment success.

That is why we are proud to represent some of the best hospitals in the world: University Hospital Heidelberg, Charite University Hospital Berlin, University Hospital Frankfurt am Main, and the list goes on.

The best hospitals in the field of ovarian cancer treatment particularly are:

University Hospital Rechts der Isar Munich
University Hospital Tuebingen
Medicana International Istanbul Hospital

We will navigate you through the journey and take care of the communication with the hospital, applying for a visa, flight, and accommodation booking, if necessary.

Leave your request on the Booking Health website, and we will provide you with all the information necessary and arrange treatment at the best hospitals in the world.

Why buy pre-built dropshipping stores from Venturespreneur?

Business

-

20 August 2020

0

Why buy pre-built
dropshipping stores from Venturespreneur?

So, you’re venturing out into the world of e-commerce?
You’re probably deciding which top trending products you want to sell, and
maybe toying with the idea of buying a pre-built Shopify store?

Investing in a dropshipping business is one of the easiest
and fastest ways to earn a living from the comfort of your own home. But what
if you don’t have a tech background? Buying a pre-made website saves time, cuts
down your work, and allows you to start profiting from your dropshipping
businesses sooner.

Need a little more data before you take the plunge?
Venturespreneur builds and sells customized, pre-built Shopify stores, so you
don’t have to. Read on to learn more about how you can start earning a living
selling products online within just 24 hours.

Why buy pre-built
Shopify stores?

If you’re an e-commerce beginner or not the most
tech-savvy new business owner, building your own Shopify store can be a bigger
headache than you’d probably want. Dropshipping websites are complex sites
filled with minor details and quirks that make them what they are. If you’re
not exactly sure how dropshipping products work, it’s best to leave it up to
the pros.

Newbie Shopify builders can expect to carve a decent
amount of time solely dedicated to building their site – we’re talking weeks to
months here. What if you don’t have the spare time to commit or understand the
multifaceted aspects to consider when building a Shopify store? Venturespreneur
does all the work for you, literally. Your money-making, time-saving,
professionally built site is ready and waiting.

We choose winning
products:

Venturespreneur pre-built Shopify stores come with
high-grade products. Using specialized software, we’re able to seek the latest
trending products and do extensive research on which products are performing
best. New products are added to the market daily, so we’re sure to always stay
on top of the latest drops.

Our pre-build stores with US, UK, and other worldwide suppliers
provide fast shipping times. We get it; your customers don’t want to wait for
ages for their items to arrive in the mail. Our websites make sure they don’t
have to.

Venturespreneur vs.
other pre-made sellers:

At Venturespreneur, we never build the same store twice.
Much like human beings, how boring would the e-commerce world be if every site
looked the same? We believe in individuality and originality. You’ll never see
a copy of someone’s store. Instead, we create bespoke shops, and once someone
purchases one of our stores, it’s gone for good!

Once a customer buys one of our stores, it’s impossible to
get an identical one. We like to diversity here. Rather than creating multiple
carbon copies of one site, we add a unique flair and special touch to every
store we build.

We also hand over ownership of our pre-built stores within
24 hours of purchase (most of the time, it’s even faster) so our customers can
start their business immediately.

Classic and “Investment” Car Prices Declining on Slow Economy

Automotive

Sam Allcock

-

20 August 2020

0

Classic and “Investment” Car Prices Declining on Slow Economy

Classic cars have enjoyed a strong decade, with prices rising significantly from 2010 onwards as economic growth picked up and asset prices increased across the board.

However, after a dizzying period of increasing prices, the classic car market is cooling due to a combination of falling demand and slow economic growth as many of the world’s top economies enter into recession due to the coronavirus.

Classic cars were one of the top assets classes from 2015 to 2018, with research indicating that popular classic car brands returned an incredible 28 per cent annual return — significantly higher than many stock indices and other investment assets.

Many cars peaked in value from 2016 to 2017, with highly desirable vehicles double or tripling in price as demand for investment vehicles grew.

Today, however, prices are declining, with many experts stating that a drop in the market is here potentially to stay as economic slowdowns affect a market that was already facing a significantly reduced level of demand.

In an article published by Automobile, several classic car experts shared their thoughts on how the classic car market may change over the next few months. One expert noted that prices for some cars were off by as much as 30 to 40 per cent compared to the 2014 and 2015 period.

Another has noticed that despite falling prices, customer interest in many classic cars is on the rise, with an increased number of people visiting classic car listings and looking at vehicles that are available for sale.

Industry experts and analysts have pointed to several reasons for the fall in prices beyond slow economic activity. Many point out that years of growth in the classic car market left prices overly high and the market over-saturated.

Data from Hagerty published a 2019 Bloomberg article showed that demand for very expensive collector cars, including those priced at $500 thousand USD and more, has declined from peak levels in 2016 and 2017. Prices also declined for more affordable classic cars.

However, one section of the classic car market that had continued to grow was affordable cars, including those popular with Millennials and Generation X collectors — audiences that previously hadn’t been significant buyers.

Cars such as the Volkswagen Golf GTI and many 1990s Japanese import vehicles, which have largely eluded the older car collector audience, remain in demand despite a fall in the market as a whole.

Popular sports and collector cars from the 1980s — a decade that previously hadn’t been viewed by collectors as a major period for collectible cars — had also enjoyed a modest but steady rise in value from 2010 to a peak in 2017. Many remain valuable today despite slowly falling prices.

Other cars that have retained their value include iconic cars, such as the Aston Martin DB5 and other vehicles popularised by the media. Many of these vehicles command multi-million pound valuations and are attractive to the most ambitious and discerning collectors.

Of course, classic cars aren’t the only assets to have suffered during the coronavirus pandemic and its economic fallout. Other luxury goods, such as high-end jewelry and fashion, often fall in demand and value as consumers become more frugal and limit their spending.

Despite the fall in prices, many classic car enthusiasts, collectors and investors feel confident about the future, particularly with the economy gradually returning to normal after a period of significant contraction.

For others, the drop in prices is more opportunity than crisis — a chance to purchase an iconic vehicle and upsize their collection, all at a significantly lower price than one, two or three years ago.

Employment Allowance for small businesses explained

Business

Sam Allcock

-

19 August 2020

0

Employment Allowance for small businesses explained

Employment Allowance is claimed as part of a
businesses’ HMRC payroll submissions. Since 2014, all eligible employers within
the UK have been able to reduce Class 1 NIC’s by claiming employment allowance
for their company. If claimed, employers are not required to pay the first
£4,000 of employer’s national insurance – a huge saving opportunity for any
small business!

Can I claim employment allowance for my business?

If you have never claimed Employment Allowance before,
the good news is you can apply retrospectively for the past 4 tax years, dating
back to the 2016/2017 tax year. Employment Allowance for these prior years was
£3,000 per year, although your small business might actually be entitled to as
much as £12,000 refund from HMRC, coupled with this year’s relief.

Most small businesses are eligible for Employment
Allowance, although there are some exemptions which business owners should be
aware of before applying:

Which small business types are exempt from Employment Allowance?

Class 1 liability over £100,000

Any small businesses owners with a secondary
employer’s Class 1 NIC liability of £100,000 or more in the prior tax year are
not eligible for claiming Employment Allowance. It is advised that liability
should be calculated by considering connected employers. Should all connected
parties add up to £100,000 or more, no employers within this category would be
eligible.

State aid

As of 6^th April 2020, Employment
Allowance is operated as “de minimis State aid”. This means that employers who
already claim de minimis state aid are required to check that they have
sufficient balance available to make an Employment Allowance claim. If you have
received de minimis state aid, this is something which you should have been
notified about. Should you believe that you have received de minimis state aid
but were not notified, clarify this with your scheme’s administrator.
Any small business which receives more than
their sectors ceiling or if it would breach their ceiling should Employment
Allowance be granted, then they would not be granted eligibility for Employment
Allowance. The applicable ceiling for most small businesses is EUR 200,000. It
is recommended that small businesses owners verify this over on the HMRC
website.

Single company directors

If a small business contains only one employee
who is paid over the Secondary Threshold for Class 1 National Insurance
contributions and if they happen to also be the company director, this business
will not be eligible for Employment Allowance.
Additionally, small businesses with just one
employee will also not be eligible for Employment Allowance.

How to claim Employment Allowance for my small business?

The best way to apply employment allowance for your business
is to entrust this task to a professional accountancy firm. Based in Central
London, Venn Accounts are chartered accountants who specialise in providing
personalised accountancy services for small businesses and startups
respectively.

With an emphasis on going the extra mile for clients, Venn
Accounts provide an all-encompassing service that is tailor-made for the needs
of small businesses owners. Visit Venn
Accounts website to arrange a consultation for your business.

5 Things to Consider When Buying Commercial Fridges for Your Business

Business

Sam Allcock

-

18 August 2020

0

5 Things to Consider When Buying Commercial Fridges for Your Business

Most food businesses, from smaller enterprises such as café’s and bakeries to big chain restaurants and supermarkets, all require commercial fridges. Commercial refrigeration units are essential for storing everything from ingredients to prepared food. Unlike fridges at home, commercial units such as walk in fridges and meat chillers feature a heavier compressor to withstand rough usage. As such, they have better cooling capacities for effective preservation and storing. Ensure optimal performance and longevity for your refrigeration system with high-quality and reliable refrigeration parts.

Put simply, investing in good commercial fridge units from a refrigeration equipment supplier such as Enviro Chill, is necessary for the success of your business. However, there are important factors which businesses need to consider when purchasing a commercial refrigeration unit:

1. How energy efficient is my commercial fridge?

• Because commercial refrigeration units feature high running costs, it’s important to pay close attention to how energy efficient your commercial fridge is. Look out for those with the best energy star rating to get the best deal for your business.

2. What style best suits my business?

• Buyers will come across a wide variety of styles when shopping around for a new commercial fridge. As such, it is important that you look for a unit which best meets your precise storage requirements. For example, a supermarket would need a larger commercial refrigeration unit that features a glass display to both store products and put them out on display.

• Different commercial fridges also feature varying levels of cooling insulation. Solid door commercial fridges offer better insulation levels due to limited heat transfers from outside to the inside. This makes them ideal for perishable goods as temperatures remain balanced. While glass door commercial fridges are great for displaying food items, they are not ideal for either cooling or insulation as there is a thin barrier between inner and outer parts that lead to easier heat transfers.

3. What brand is my commercial fridge unit?

• It is imperative that your business invests wisely when purchasing commercial fridges and chooses a reliable brand. The quality of services which you provide to customers often relies on how reliable the tools and es which you use are. Always look for a reliable manufacturer of commercial fridges to reduce risks of equipment failure.

4. How much space does my business have for a refrigeration unit?

• Businesses should take some time to carry out careful space planning before choosing your commercial fridge unit. First, measure the available area at your premises. Do you have the capacity for swinging doors? If not, perhaps consider sliding doors for your commercial fridge instead.

• Additionally, consider measuring the entrance which leads to wherever you plan on keeping your walk-in freezer whilst performing your space planning.

5. How much does my commercial fridge cost?

• Finally, make sure your business establishes a clear budget when selecting a commercial refrigeration unit. Should you have a limited budget, weigh up the pros and cons of a lesser-known brand. Although they may cost less than a household brand, the maintenance expenses which they may incur in the future might outweigh any initial costs.

• While refrigeration units from reputable brands might be more expensive, investing in the services of reliable commercial refrigeration equipment supplier would help prevent unnecessary expenses for your business.

Don’t become addicted to CFD trading

Finance

Claire James

-

18 August 2020

0

Many
people start investing money in CFD market and are quickly trapped in this
attractive business. Although there are thousands of ways to make a profit, one
does not need to stare at the chart all day long. Millions of people are
managing their capital, but only a few are successful to ever come out of the
sector with a profit. While the circumstances can be blamed on numerous
factors, overtrading is one of the culprits behind this outcome. This material
will enlighten investors on how not to become an addict in currency trading.
This has become a major problem nowadays as more people are learning about CFD
and want to become millionaires overnight.

This
sector does not provide free money to every potential client and remember that
only 5% of investors
are successful to make money
consistently. We hope the readers will understand the dilemma of this habit and
quickly rectify their behavior to gain the most out of this profession. Once
this addiction grows substantially, it will take over people.

What are the symptoms of
this addiction?

If
a person has found that he cannot leave for a moment without throwing out money
like water in the market. He will be impatient and will take whatever chances
he has, therefore always ready to invest capital without analyzing the trends.
Another obvious symptom is to always behave ethically whenever they are in the
presence of a trading terminal. If you find similar patterns in any of the
investors, he is going through this particular phase without doubts. The
solution is to keep him away from the market as soon as possible and try to
master control over emotions.

Why we become
addicted?

One
of the most common reasons to get addicted to CFD trading is nothing but a high
leverage trading environment. Investors choose the wrong type of account and
they fail to control the greed. Though CFD trading in UK
is very popular, few traders actually know the proper way to manage the
essential factors of the market. In order to survive as a retail trader, you
should know the path which will help you to overcome the strong addition at
trading. Read the post of the elite traders at Saxo and try to curate a
strategic approach. Follow the goals precisely and you will do well in the
trading business.

Gradually distracts from
the ultimate goal

Imagine
a situation where a person has only $10 in his balance. He will try to make a
calculative approach before showing the money but if he is not in the right
sense, every volatility will seem like in profitable opportunity. The sense of
identifying right from the wrong begins to decline and slowly the person is
trapped within greed. If you ever have the sensation that this is the right
time to place money, practice in a demo account to understand the different
price movements. Many beginners perform
wonderfully but as they get involved in the market this behavior developing,
their performance gets corrupted. Soon the magic is over and they start
struggling to make ends meet.

Always take a break

A
healthy lifestyle of an investor is to take scheduled breaks after every order.
This does not slow down the process but only improves the results. As he is
free from the market anxieties, he can better comprehend the news, make
sensible decisions, and carefully set strategic plans to protect the deposit.
Consider this break as a small-time off in a match. This will shed off any
excitement that has been pushing to undertake risky techniques. Unlike regular
matches, there is no referee in Forex market. An individual has to take the
responsibility to manage his fund. As a trader, it is best to take some breaks
every month after achieving the goals. Do not exert unnecessary pressure and
instead complete step one at a time.

Decorating Your Home on a Budget

Property

Sam Allcock

-

18 August 2020

0

Ever since the rise of COVID and remote working, a lot of people have turned their attention to their home and taken lockdown life as an opportunity to redecorate. Whether it’s a case of adapting the space to suit a home working situation, freshening up the spare room or simply getting around to those odd jobs that need attention in the house, there’s a huge amount of resources online to help you plan and get the job done. These include ideas and inspiration along with online shops where you can order everything from paint to carpet, furniture and home accessories. There is a huge amount of choice available to suit all budgets and there’s really never been a time like the present to get into interior design and spruce up your house. Large home renovations can be costly, but smaller decorating jobs generally don’t cost much and are very effective.

Easy Ways to Decorate

The possibilities are endless when it
comes to interior design. Some easy and budget-friendly places to start when
revamping include the following:

Paint or wallpaper the walls
Freshen
up the bedrooms with new bedding
Re-organise kitchen storage
Add
accessories like lamps, throws, pictures and cushions

1. A fresh coat of paint is one of the
best and cheapest ways to liven up any room. It can take quite some time to get
the job done, but it is an inexpensive way to brighten any space in your home.
A signature wall in a contrasting colour can add character and depth to a room,
while wallpaper is a great way to implement a print when decorating
your house or apartment.

2. One of the most budget-friendly ways to
change up a bedroom is with a new duvet cover and bed sheets. Crisp white
always looks great but you can opt for any colour or pattern that will suit the
space. Millennial pink is a particularly popular option for bedrooms at the
moment.

3. Giving the kitchen cupboards a clear
out can help refresh this room and give it a little facelift. Painting kitchen
cupboards is a great way to keep them looking spick and span. Add in a splash
of colour to the kitchen with new window blinds and textiles such as napkins
and tea towels. Top
tips for organising the kitchen include using drawer dividers,
storage containers and jars, spice racks on the walls and shelving.

4. Home accessories such as lamps,
cushions and throws are a cheap and easy way to add some colour, depth and
texture to your space. Using a mixture of textures in a room, for instance,
combining a wicker lampshade, wool blankets and a woven rug can create a very
comfortable and inviting style. Adding framed pictures onto the walls also goes
a long way in making a house feel like a home. Picture frames can be picked up
very cheaply in lots of different sizes.

Invest in Smart Lighting

Smart lighting is an excellent way
to save
money when it comes to electricity costs. Although the initial
outlay is a little more than purchasing standard bulbs, the money saved on
energy bills over the course of a year is worth the investment. Smart bulbs are
also a more eco-friendly option thanks to their low energy usage and longevity.
Financial benefits aside, smart lighting is very adaptable and gives you a lot
of flexibility when it comes to lighting your home. Turn the brightness up
while you’re working or studying and lower it down in the evenings or for
dinner parties to create a relaxing atmosphere.

Light redecorating can be cheap and
cheerful and is a great way to refresh your home. Note that if you are planning
extensive redecorating or renovation on your house and need to undertake work
on a party wall, be sure to run it by the neighbours and follow these party
wall tips from the experts.

Creating the Perfect Outbuilding for Your Garden: A Beginner’s Guide

Property

Claire James

-

14 August 2020

0

Creating the Perfect Outbuilding for Your Garden: A Beginner’s Guide

The garden of a home is often one of its most prized
features and is also highly sought-after by prospective buyers, yet often we
allow our gardens and yards to go underused and underdeveloped. However, a
garden is an area that can provide some very cost-effective investments. With
the right landscaping and some smart additions, you can increase the value of
your home and make it more desirable at the same time. This gives you a lot for
your money, and you can save more by doing a lot of the work yourself.

Even adding an outbuilding to your property can be
done quickly and cheaply, without the need for expensive handymen or gardeners.
Here we are going to take a look at how anyone can create the perfect
outbuilding for their garden, no matter what their level of experience.

Location,
Location, Location

If you are considering adding an outbuilding to your
property, then one of your first concerns will be where to put it. The amount of
space you have to work with will have a huge impact on both the size and
usability of your outbuilding.

Having a ‘nook’ or a bland corner in your garden to
use is ideal. Your outbuilding should be away from your property, to provide
your garden with a ‘destination’, and bring some life to an otherwise dull
space. A building in the middle of a garden would look out of place unless you
have a huge amount of space to use. Remember, you don’t have to fill a space
with an outbuilding, so don’t feel intimidated by a larger space. You can work
with the nature that is there, and add some landscaping to make your
outbuilding seem settled in its spot from day one.

What
Type of Outbuilding Suits You and Your Space?

An outbuilding gives your garden a destination, but it
is important to have something to do when you get there. Even if you are just
looking for a sheltered spot to look back on your home from, you are still
going to need some amenities and features.

The right outbuilding can be far more than just a shed
you use for storage space. It can be pleasing to the eye both inside and out
and give you space to use for leisure. Cooking outdoors has become as popular
as dining outdoors, so bear this in mind when you plan your outbuilding. Having
space to store food and dishes could come in handy, as well as space to store a barbeque and use it when the
weather permits.

Choosing
the Right Materials is Important

When you get an idea of the scale of outbuilding you
want, and some of the ways you might use it, the next thing to consider is the
building materials you will use.

If you don’t build your outbuilding using materials
that are sympathetic to your garden and your home, then your outbuilding may
look out of place and will never suit your space. Many other factors will
influence your choice of building materials too. Not only does your outbuilding
need to be aesthetically pleasing, it also needs to stand the test of time and
not be damaged by extreme weather conditions like heavy rainfall and frost.

Whatever style you choose for your outbuilding, the
roof will be one of the most important structural elements and will need the
same quality of weatherproofing you would expect for your home. EPDM, or
Ethylene Propylene Diene Monomer, is a type of rubber roofing that is extremely
durable and long-lasting, as well as being environmentally sustainable and
responsible.

Rubber roofing can protect your roof from all kinds of
water damage and is also resistant to harmful UV rays. It also provides a layer
of insulation, which makes it really cost-effective when used for outbuildings.
At Rubber Roofing Direct you can
find a huge amount of information about EPDM roofs, and find qualified rubber
roofing installers in your area. Rubber Roofing Direct also has everything you
need to do it yourself, including instructions and supplies.

Adding
Features is Adding Value

Adding the right features to your outbuilding can be a
great way to maximise value and desirability. Not only do you get a new feature
for you to enjoy and make use of, you also increase the return on your
investment in your outbuilding.

As mentioned, a cooking space is a popular addition,
but this can be more than a spot to barbecue. With the money you save, you can
install an electrical supply to your outbuilding and add a kitchenette. Here
you could store food in a fridge and freezer, and even use an electric cooker
so you can make meals there come rain or shine.

Hot tubs are also a highly desired feature, and having
an outbuilding with space to store towels, robes, and maybe some beverages is
ideal. You can also use the outbuilding to give your hot tub some shelter from
the elements on windy nights. Features like these add noticeable value to your
property, and they give you something special to enjoy while you live there.

A
Little Landscaping Goes a Long Way

When you have finished constructing your outbuilding,
don’t stop there. With some extra landscaping in your garden around your new
outbuilding, you can make it look like it has stood there for years.

Use crawling plants that grow quickly, like Russian Vine, to give
your outbuilding a more natural appearance. Plants and flowers on raised beds
around an outbuilding can give it the appearance it is coming out from nature,
rather than being placed on top of it. Consider adding a path, or some stonework such as crushed stone for walkways, at the entrance to your new outbuilding for added effect.

Building an outbuilding in your garden or yard is a
fantastic way to add value and desirability to your property while also
developing some new skills, and adding new features to your property for you to
enjoy.

Tips From London Accountants For Managing Your Business Finances

Sam Allcock

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14 August 2020

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Tips From London Accountants For Managing Your Business Finances

Money is a tricky yet crucial factor to monitor, especially when it comes to business. While anyone can be an entrepreneur, it takes years of studying and practice to master the art of financial management.

Fortunately, these days, you can invest in specialized software to make the process more convenient. You can also enlist the help of professionals to help you with the day-to-day operations of your company. For instance, if you’re in the UK, you can hire London accountants to stay on top of your growing business.

Nonetheless, you must equip yourself with the fundamentals of accounting so that you can manage your finances well and make better decisions about your company’s future. Here are a few tips that can help you:

1. Separate Your Personal And Business Finances

Right at the start of your venture, you must clarify the distinction between your personal and business finances. As a small business owner, it seems more convenient to use one account for all your money. However, this can lead to organizational and tax problems, especially as your company grows.

This is why the first thing you should do is to have a separate account for your personal and business expenses. You can also apply for two credit lines to ensure that your corporate debt won’t affect your personal credit rating.

2. Understand The Basics

Business accounting and payment processing are essential skills that small business owners should have. While you don’t need to become an expert on these areas, you must be able to navigate your way around the fundamentals of the field.

For instance, you should know the basic terms, such as gross revenue, expenses, net profit, cash flow, and breakeven point. You’ll be using these words in your conversations and reports, so it pays to understand what they mean.

Moreover, speaking of reports, accounting entails lots of paperwork. You should also be familiar with the important business accounting documents, such as:

Balance Sheet – This file presents an overview of your company’s financial standing at a given moment. It includes the assets, liabilities, and equity that your enterprise holds. It’s valuable for calculating your business’s net worth.
Income Statement – Also known as a profit-and-loss statement, this document provides a summary of your revenues and expenses for the year. It’s useful for measuring the profitability of your venture using an Excel or a Google Sheets Profit and Loss template you can get online.
Cash Flow Statement – This one helps you monitor the amount of money that went in and out of your company for a given period, which is usually within a month or financial quarter.
Revenue Forecast – Revenue forecast is a crucial report that contains your predictions for the upcoming year about the potential income that your company can earn. If you have shareholders, you’ll need to be familiar with creating this document.

3. Keep Track Of Cash Flow

As mentioned above, cash flow pertains to the money that enters and exits your business. Inflow is sourced from selling your merchandise and receiving payments from your customers. On the other hand, outflow comes from purchasing stocks for your inventory, payroll, marketing expenses, as well as overhead costs.

The ideal scenario would be that your inflow would be greater than your outflow. However, as you well know, business isn’t that straightforward, unless you’re in retail, where you sell the product and get the cash immediately.

For business-to-business (B2B) companies, most clients don’t pay right away. Payments have to be processed by several departments on their end first due to the substantial amount that needs to be disbursed.

This would mean that you may be running on a negative since you’ve already provided the customer with your product or service, but you haven’t been compensated for it. That’s why you have to keep track of your cash flow to ensure that you aren’t spending money that you haven’t earned yet.

4. Consider Spreading Out Tax Payments

Sometimes, lump tax payments aren’t practical because they entail a large amount of money at once, which can negatively affect your cash flow. Instead, you can opt to view tax as a monthly expense so that you can budget for it better.

Talk to your accounting team about how you can ensure compliance for tax and other government requirements. Check this video to learn more about the things that your accountant can help you with: https://www.youtube.com/watch?v=GbeJ036CWXg&t=1s.

5. Prioritize Having A Cash Reserve

Similar to personal finances, making your savings liquid is useful for times of emergencies. Create a bank account for your business and treat it as a cash reserve that you can easily withdraw when needed.

Conclusion

Managing your finances doesn’t need to be overwhelming. Follow these tips to ensure that you can monitor and regulate the cash flow of your business.

Can I claim employment allowance for my business?

Which small business types are exempt from Employment Allowance?

Class 1 liability over £100,000

State aid

Single company directors

How to claim Employment Allowance for my small business?

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Gradually distracts from the ultimate goal

Always take a break

ABC Money 2025 - 1st Edition

What are the symptoms of
this addiction?

Why we become
addicted?

Gradually distracts from
the ultimate goal