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How do online casinos pay out your winnings?

One of the most common money issues that players have with online casinos is paying out winnings. Although deposits are done immediately in 99% of cases, payouts can take a lot longer which understandably frustrates some players. Why can’t they pay you your money as fast as they take it?

Well, the main reason why some withdrawals aren’t that speedy is because they need to be approved first. All online casinos are licenced by authorities. Respected authorities – such as the UK Gambling Commission – require the active prevention of money laundering, fraud and other types of illegal activity. This directly impacts some payouts and means they can’t happen quickly.

However, there are a few things you can do to help things along the way. Here, we will explain precisely how online casinos pay out winnings, alongside a few tips and advice on how to try
and speed things up.

How online casinos pay you

Withdrawing at an online casino has three steps before the money arrives in your account:

  1. Requesting
  2. Approving
  3. Processing

First of all, you must have enough money in your account as most sites have a minimum withdrawal amount. Once you do, you can simply navigate to the cashier page and input how much you want to be paid out. In most cases, you can only withdraw using the same method you used to deposit. For example, if you deposited using a Visa debit card then the payout can only be done back to that same Visa debit card.

There are a few situations when this rule doesn’t apply – such as if your card has expired, or if you used a deposit method which doesn’t accept withdrawals. Alternative methods will then be provided, but you will often have to settle for a different card payment or bank transfer. This isn’t ideal as they tend to be some of the slowest available (more on that later).

Once you have requested a withdrawal, it must be approved by the casino’s payment team. As mentioned earlier, this is a necessary step to curb money laundering and other illegal activities. However, the time it takes to be approved can vary dramatically. In some cases, the withdrawal will take longer because of such money laundering checks. However, some casinos just take a lot longer than others to give their approval.

When it is approved, the payout is then sent to the payment provider to be processed. Exactly how long this stage takes depends upon which withdrawal method you are using. Similarly, the processing speeds can vary dramatically by each provider. However, once this is completed, the money will be in your account.

How to get your payouts approved quickly

Now you know how online casinos actually pay you, let’s look at how you can try and speed things up – starting with the approval process.

As mentioned above, some online casinos openly have a slow approval time. Therefore, your best bet is to choose one which aims to complete this stage as quickly as possible. In general, fast payout casinos will approve withdrawals within 24 hours – sometimes even quicker. In the best cases, you can receive your payout within the same day you requested it.

However, even the fastest paying casinos aren’t immune to money laundering and other checks. If one of your withdrawals is flagged for this then it will very likely take several working days to be approved, no matter what site you choose. Although getting flagged is out of your hands, you can prepare for it by knowing the kind of documents you may be expected to provide. For example, it’s common for casinos to ask for bank statements, proof of funds, copies/screenshots of payment
methods and other information in order to pass the approval stage.

What’s the best casino withdrawal method to
use?

The biggest impact you can have is to choose the best withdrawal method(s) available. If you select a provider with quick processing times then you will often be paid out far quicker.

The general rule is that e-wallets are faster than traditional methods, by far:

  • E-wallets – Usually pay out within 24 hours (sometimes within just a few minutes).
  • Card transactions / Bank transfers – Usually pay out over several working days.

Of all the e-wallets available, PayPal is one of the most popular with players. That’s because PayPal casinos not only offer fast withdrawal speeds but also very high security. In fact, all gambling merchants must be approved before being able to offer PayPal payments to their players. It’s one of the safest ways to pay over the internet.

Back to normal after COVID19: How to get fit and healthy on a budget

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COVID19 has significantly impacted the UK
economy across a range of industries. Following the second quarter (April to
June), the UK economy is in a recession with a record slump of 20.4% which is
largely attributable to the disruption caused by the coronavirus pandemic, the
Office for National Statistics (ONS) reports. This has resulted in redundancies
and widespread job uncertainty. A recent report by the ONS, highlighted that
the number of jobs available fell by as much as 750,000 (2.5% decrease) during
July compared to March. Furthermore, the ONS reported that the number of people
claiming unemployment benefits dramatically increased to 2.7 million in July,
compared with March – an increase of 117%.

As we begin to recover from the COVID19
pandemic, many are feeling the financial squeeze as a result of significant
pressure placed on companies which are passed on to employees. This has
resulted in the need to be more reserved with spending in order to uphold
financial stability. At the same time, keeping fit and healthy has never been
more of a priority. COVID19 has exposed the vulnerabilities in the nation’s
health, characterised by increased mortality rates and health complications
such as obesity. Researchers have already managed to establish a link between
obesity and a heightened risk of COVID-related mortality. The UK has one of the
highest obesity rates in Europe – making the issue even more pertinent for us.

But how can the millions of people across
Britain whose jobs have been lost thanks to the health crisis manage to keep
fit? What’s the best way to stay healthy for those of us who haven’t got the
money to pay for a gym membership every month? For Britons who are looking to
shed a few pounds without breaking the bank to pay for classes every week, how
else can they get in shape?

  • Hit the Tarmac

You don’t need a gym membership or treadmill
to give yourself an intense workout. For millions of people across the UK,
running is their exercise of choice – and they usually do it in the great
outdoors. The good thing about running is that not only is it a great way to
get in shape, but you can get started pretty much immediately for little to no
cost.

What do you need to start your journey as a
jogger? Not much: grab some comfortable clothes suitable for exercise and a
pair of inexpensive, comfy trainers and you’re pretty much set. If you’re the
sort of person who likes to work out to a beat, a cheap pair of earphones
wouldn’t go amiss either!

  • Check Out YouTube

If you’re not a YouTube person, you might
check it out every so often for the news or funny videos. But you’re probably
not aware that there are entire communities of channels dedicated to home
workouts that require little to no equipment to do.

All you need for these routines is an hour out
of your day and a little space. If you decide on giving one of YouTube’s
countless yoga courses a go, a cheap mat would make your workouts a lot
comfier!

  • Stay healthy by sourcing high quality, cost-effective treatments

Staying healthy while doctor and GP
appointments are limited can be difficult. Face to face contact is still
preferentially avoided, which can add waiting times to bookings and follow-ups.
That’s why sourcing important medication can be a cost-effective solution to
getting treatments delivered conveniently and quickly.

Pharmica is an online pharmacy based in
London, dedicated to offering high-quality treatments, excellent customer
service and the very best patient aftercare. Pharmica
also has a Pharmica Price Promise which is a ‘lowest price guarantee’
offering, whereby, if you manage to find lower prices for prescription
medications sold by another registered UK online pharmacy, then they’ll refund
the difference! With times being difficult at the moment financially, this kind
of commitment to supporting customer health and well-being is welcomed.

  • Use Household Items as Weights

Hey, you see those canned goods in the
cupboard? They’re not just useful for containing food, you know. If you’re
hard-up and still looking to give your muscles a good workout, using canned
foods or other household items as weights is a perfectly fine way to do it.

Obviously, we’re not saying you should just do
bicep curls with a tin of soup. But if you’re living frugally, it’s likely that
you have some spare plastic shopping bags lying around. So next time you have a
few free minutes at home, try loading a couple of bags with some canned food
and giving your arms a quick run-through. It doesn’t have to be just curls,
either – you can imitate all sorts of traditional dumbbell lifts with household
items. Give it a go!

  • Download a Home Fitness App

If jogging doesn’t sound like your cup of tea,
don’t worry – there are countless apps you can download for your smartphone
that feature short workouts you can do from the comfort of your living room.

These routines tend to focus on a variety of
different exercises, including core building, cardio, and muscle building
routines. And the best part is that they can be anywhere from a quick burn to a
fully-fledged session – so you can get a workout in no matter how much time you
have.

  • Swap the Bus for a Bike

If you live in an urban area and commute,
there’s a good chance you’re taking the bus or underground to get where you
need to go. But if you’re looking to get in better shape, one of the most
effective ways to do it is by changing how you get to work and back.

Think about it. If you work a nine-to-five job
five days a week and commute half an hour each way on the bus, that’s five
hours a week you’re spending sitting down on public transport. Sure, it might
take a little longer to get to work and back on a bike instead of a bus. But
making that change would mean getting multiple hours’ exercise a week taking a
journey you would have done anyway. So put the travel card away and get
pedaling!

Lessons to be Learnt for the UK Care Sector after Coronavirus

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When the
coronavirus outbreak first reached its peak in the UK during Q2, the primary
focus of both the government and media outlets was targeted on hospitals and
NHS staff members.

However,
figures revealed by the Office for National Statistics (ONS) found that high
death rates were particularly prominent amongst care home residents and staff
members, with the number of fatalities in care homes (6,409) exceeding those
recorded in hospitals (6,397) for the first time on May 1st
.

But what
lessons can the UK care sector learn from the Covid-19 pandemic, and why is it
crucial that these are implemented within a relatively short period of time.

  • Social Care Workers and Residents are More Vulnerable than the General Population and Even NHS Workers

In many
ways, this is a relatively obvious assertion given the fact that care home
residents often move freely between these locations and hospitals. Even on a
fundamental level, this increases the risk of infection for both residents and
care workers, creating an increasingly pressing need for effective PPE and
safety standards.

This is
borne out by the numbers, which suggest that care workers in particular have
found themselves at the mercy of the virus since it began to take hold in March
of this year.

More
specifically, social care workers are more than twice as likely to die from
Covid-19 compared to the general population, when adjusted for age
and sex
. This is
not necessarily the case for healthcare sector workers, who don’t appear to
have a significantly raised risk of death compared to the general population.

This needs
to be recognised going forward, both in terms of future pandemics and everyday
infections that impact on the lives and productivity of social care workers
nationwide.

As an
immediate response, the sector must take steps to ensure that care workers have
the necessary PPE to operate safely, especially as they must maintain close
physical content with residents on a daily basis.

  • More Rigid Protocols are Required for Both Employee and Resident Safety

With this
point in mind, greater attention needs to be given to the safety protocols in
place to secure both employee and resident safety.

If Covid-19
has taught us anything, it’s that more rigid safety protocols are required to
safeguard individuals, with specialised transport solutions potentially central
to achieving this objective.

Offered by
service providers such as Allied Fleet, these solutions can be designed
and produced for specific and often diverse requirements, with a view to
optimising community safety and minimising the risk posed to otherwise healthy
social care workers.

Interestingly,
solutions of these types have already been used to safely transport school
children to and from educational facilities, with a view to keeping everyone
safe and healthy.

  • Social Care has Suffered from a Lack of Investment

The issue of
underfunding has been rife in social care for years now, while it was a
hot-button topic during the recent general election.

During the
build up to the vote on December 12th last year, the Labour Party was pledging
to merge the social and healthcare sectors in the UK, while Tory leader Boris
Johnson spoke somewhat vaguely
about “fixing” social care
.

Despite
these variable approaches, there’s no doubt that the coronavirus has
highlighted the impact of underfunding in the social care sector, which must be
classed as a failure of both public and private sectors. Aside from investing
more in PPE as previously suggested, improved staff salaries and contracts
should also be provided as a way of accessing the best and most engaged talent
in the space.

Purely from
a safety and wellbeing perspective, investing in the delivery of palliative
care is also key, as deficiencies in employee training and awareness have
emerged in the wake of Covid-19.

This type of
care is an interdisciplinary medical caregiving approach aimed at optimising
the quality of residents life, while it also helps care workers to understand
the complexities of various conditions and the increased risk of infections.

Matthew Stone of Teysha Technologies Announces Partnership with the Kind Planet Company

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A new partnership has been entered into between Teysha
Technologies and the Kind Planet Company, empowering women and placing women in
rural Africa at the forefront of ethical and environmentally friendly materials
innovation.

The Kind Planet Company produces a comprehensive range of
skincare products using 100% organic ingredients that are exclusively
cultivated, picked, processed and packaged across 43 farms by women in Ghana in
West Africa. The women are not only provided with everything they require to
cultivate the fruits, but also taught invaluable land management skills that can
help them run profitable businesses.

Teysha has introduced its patented technology to produce
lids for the packaging that are fully biodegradable and created from natural
waste products. Matthew
Stone, Teysha Technologies’
Managing Director, stated that the company was committed
to producing environmentally friendly, ethical products that meet
sustainability demands.

Teysha Technologies patented platform has the potential to
revolutionise the global packaging industry, which currently contributes
towards the 8 million items of plastic that end up in seas and waterways around
the world each day. Matthew Stone commented that Teysha had made the decision
to go right back to the original source not only of the packaging but of the
products inside.

The choice to partner with the Kind Planet Company was made
in support of the empowerment of women in Africa and other communities in
developing nations. Teysha as a company has strong female representation from
the highest level, so the ethos of the Kind Planet Company resonated with its
existing business values.

The partnership was finalised and announced in August 2020.
Teysha is now working on developing a prototype for a full range of
biodegradable packaging lids to be used across the exclusive skincare product
portfolio of the Kind Planet Company. Once a prototype has been approved
product testing will commence, with plans to begin full scale production and
manufacture in 2021. This will happen under the leadership of Duncan
Clark, Teysha Technologies’ Head of Business Operations
.

For Employers: What to do During a Work Injury Claim

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If you’re reading as an employer, we’re glad to have you here. As an employer, you will come across several situations at work when employees will claim the work injury. In such a situation, you will need to make sure that they are paid the wages and medical expenses. Failing to act on the request of an employee might get you in trouble. Here, in this guide, we will help you in sifting through a situation when employees demand work injury claims.

Here are a few steps that you need to
take:

1.      Inform the
Insurer

In the beginning, you need to pay the
daily or monthly wage to the employee. This way, you won’t get in trouble if
the court hounds you. As an employer, it is your responsibility to make sure
that the company isn’t unfair to the victim.

2.      Take Them to
The Hospital

If your employee has experienced a
serious injury, you must rush them to the hospital as soon as possible.
Especially if you live in a locality where the ambulance service isn’t
hands-on, it is imperative that you rush the victim to the medical facility
real quick.

3.      Keep a copy of
the Medical documents

As an employer, you need to have a
stronghold over the medical documents. There have been cases in the past when
employees demanded way more than the actual medical expense.

If your worker has a work permit, you
need to take care of them to the fullest. This is because failing to attend the
victim will give you a bad reputation. However, if the worker doesn’t have a
work permit, you don’t need to be omnipresent for them in the medical facility.
Not to forget, employees can file the compensation within the 1st
year of the accident, so you need to have copies of all important documents.
Don’t forget to sift through the guide to accidents at
work

for more information.

As an employer, you will have to
frequently pay the monthly wage to the employee, even if the insurance money
hasn’t been paid. However, you don’t need to worry because the insurance company
will take care of the money you will pay after the damage has been done.

How to report the Accident?

When an accident happens on the site, most employers begin to panic and know nothing about handling the situation. As an employer, you must know,  it is important to report work-related accidents within the first ten days of the occurrence. Please make a report of whatever happened on the site, send it to the concerned department and the insurance company asap. Don’t panic if the accident was caused because of the company’s fault. If you have a top-notch lawyer by your side, they will make sure the company doesn’t have to pay more than what the employees deserve. Most employees tend to exaggerate the situation, which is why the insurance company has to pay a lot of money. As an employer, you will need to take control of the situation before things get worse.

Picking the Right Online Gaming Slots

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Finding top ranking online slots can be challenging for newbies, given numerous gaming slots provided by various online casinos. Gaming experts recommend playing for free before venturing into waging. Free games allow you to play without making a deposit and earn no payouts. They also provide an opportunity to understand the games provided on a site before depositing your cash.

Spinning at an Online Casino

Online spinning is a simple process that
entails clicking on a tab provided on the screen and allowing the computer to
determine and display the results. This is made possible by a Random Number
Generator that automatically generates unique numbers with every spin.  

You can play online slots at
Loyal Casino
from a massive online slot collection-over 500. This gaming
site is an excellent choice for gamers in search of unique games. Here are a
few guidelines to help you select great online slots.

Identify a Theme

Having a theme
that you can relate to will add to the fun of your gaming experience.  Themes are mainly a useful tool to help you
find similar games on a gaming site. Popular themes include adventure, sports,
comics, magic, mystery, treasure, and zombie.

Consider the Betting Terms

Every gaming site has a minimum bet policy
and a maximum bet policy. If you are working with a limited betting budget,
consider a site with low minimum bet requirements. Liberal wagers prefer to
have maximum bets set to the tune of hundreds of pounds for a greater range of
games.

Determine Payout Goals

Winnings range from a few pounds to
millions of pounds that can be greatly life-altering. Peoples’ preferences vary
greatly, even when it comes to money. While some prefer winning little by
little, others delight in massive payouts.

Establish the RTP

The RTP refers to a percentage of returns, showing the expected payouts from a slot. Higher RTP means better winning chances for you, while the reverse is true for lower percentages. Many slots are available at the same RTP for most casinos.

Check Volatility

Volatility here refers to the degree of
fluctuation of results, which determines how much you can win. High volatility
slots are inherently high risk since they yield high payouts occasionally. Low
volatility slots are low risk and provide frequent winning opportunities with
small payouts.

Practice with Free Slots before Spending Money

Once you register for your gaming account,
practice free mode to identify your preferred slots and help you make
knowledgeable choices when betting or picking games for better playing. Playing
free slots allows you to have fun without any risks attached.

Setting a Slots Budget

Setting an amount for your gaming activities is an essential step for responsible gaming. Gaming requires financial discipline as you can quickly deplete your savings if you are not decided on the amount to spend on your gaming sessions. If you are playing multi-line slots, set a limit for each line and stick to it. Using these guidelines will help you make a seamless entry to the gaming world and set you on a fun path of discoveries and endless possibilities.

The COVID Effect on Global Markets

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Speculative trading during the recent
coronavirus pandemic has been like nothing the markets have experienced in the
past several decades. Not since the late 1980s, in fact, have so many people
made such large profits in short time frames. Why? The primary reason for the
recent volatility is directly related to uncertainty surrounding the virus. In
the early months of 2020, no one could make a guess about whether there would
be a vaccine, cure, or treatment of any kind. Nor did medical experts have a
clue about how long the pandemic would last.

Now that most of the world is slowly
beginning to return to normal, the global economy is inching back to something
like a normal state of affairs, even though there will likely be some deeply
permanent effects on various market sectors. But for investors, there are some
profound lessons. One is that commodities trading has the potential to deliver
quite large profits for those who are willing to learn how to trade real assets
as opposed to corporate shares of stock. The other lesson is that once you find
a CFD trading broker, it’s
possible to participate in the commodity sector with very little red tape, low margins,
and simple ordering methods. CFDs, contracts for difference, represent a
uniquely simple way for ordinary investors to trade just about anything,
including asset-based vehicles like gold, silver, cattle, oil, and wheat.

Wild Price Action

During the COVID viral crisis, which is
ongoing as of late 2020, many investors took advantage of the wild price swings
in all segments of the market, including corporate stock shares, commodities
like gold and oil, international currencies, and forex currency pairs. No part
of the global trading marketplace was untouched by the crisis, which send
industrial production and employment to lows not seen in more than 50 years.
For sharp-eyed investors who refused to lose their composure, this dip in the
price of virtually everything represented a unique
chance to buy
all sorts of securities, assets, commodities, bonds, and real
estate at bargain-basement prices.

And now prices are beginning to swing in
the other direction, upward in most cases, those who bought in at super-low
levels are reaping the rewards. But there are still all sorts of opportunities
for anyone who wants to take part because the crisis isn’t over yet. For
example, the per-barrel price of oil is not yet back to its pre-COVID levels
and still has quite a ways to go. The same can be said for many other
commodities and corporate stock shares.

Gold as an Example

During the pandemic, the most popular precious
metal, gold, reached new heights, notching well past the $2,000 mark for the
first time in history as speculators and long-term investors sought out the
yellow metal as both a safe haven against economic uncertainly and as a way to make
fast profits on the sharp swings
in value. After a pullback from those
historic highs, both gold and silver continue to offer profit potential for
anyone willing to speculate on further rises or drops in the value of those
precious commodities.

Major Opportunities

Why are there opportunities in times of
crisis? COVID might be unique in many ways but it’s certainly not the first
financial or economic crisis to come along. For more than a century, attentive
investors have watched prices surge and dip during uncertain times, which
typically occur during wars, political turmoil, natural disasters, credit
crunches, real estate gluts or scarcity, and other events that have the
potential to deeply affect the international economy. But, as every watchful
trading enthusiast knows, whenever prices drop precipitously or rise
unexpectedly, there’s almost invariably a reaction and eventual return to the
norm. No one can ever predict with absolute certainty how long it will take for
stability to return, but the point is that it almost always does return. Buying
during huge price dips and selling during upward spikes can be a smart path to
profits.

Advantages of Contracts for Difference (CFDs)

One of the ways people can take part in any
of the financial markets is via CFDs, also known as contracts for difference.
These simple to use vehicles allow people of varying experience and background
to buy and sell just about anything you can imagine, from stocks, bonds, and
options to index funds, futures, and commodities. There are many advantages of
using CFDs. They include the ability to make transactions with very low margin.
That means you can leverage a very small amount of funds to control a rather
large investment.

How to do year-end accounts for a limited company

A company Year End is the end of your business’s accounting period. The best way to find out the actual year end for your limited company is by looking it up on your company record at Companies House. Year end accounts is simply a summary of your limited company’s overall performance for an accounting year, which Fusion Accountants can help you prepare.

Year end accounts is a legal (and
often daunting) requirement for limited companies to prepare and file your
accounts and tax returns. Many business owners
worry about the consequences of getting it wrong and the impact it can have.

It was reported that businesses in London were
reported to be the top offenders for filing year end accounts late, with over 220,000
UK companies
facing hefty
fines
for missing the Companies House deadline.

Year end accounts can seem overly complex,
particularly if you are in your early years of trading, or have just shifted
status from sole trader to limited company

This needn’t be a complicated process, and, in this
article, we take a look at the basics of year end tax accounts and what your
limited company needs to do.

End
of year reporting

Every limited company has its own financial year.
This year always starts on the anniversary of the official start-date of the
company. This is specified as when your company was registered with Companies
House. So, the financial year ends the day before the anniversary of the
company start-date. This shouldn’t be confused with the tax year, which runs
from 6th April to the 5th April.

If this is your company’s first accounting period
it may mean you have to submit a few months more than your 12-month
year-end-accounts. In this case, you’ll need to submit an additional tax return
to cover the extra trading time.

Producing these accounts gives the business owner
valuable information about how their business is faring. It can help you
understand day-to-day operational costs, and all the other key costs of your
business finances.

What
need to be filed with the HMRC?

Company
Tax Return

You need to send your Company Tax Return (form
CT600) to HMRC.  This contains details of
your turnover, expenses, tax allowances, profit, and other information. This is
done in the form of the company’s Statutory Accounts.

HMRC will use this information to calculate your
corporation tax liability. If you have an accountant, it’s likely they will
have calculated this figure for you before the forms are submitted.

Annual
Accounts (or Statutory Accounts)

A limited company’s Statutory Accounts or Annual
Accounts are the documents that are required to be sent to Companies House.
These are the documents that will outline and explain a company’s financial
performance throughout the year for both the HMRC and the company’s
shareholders.

Statutory Accounts are a summary rather than an
extensive record. Rather than individual transactions they will instead contain
overall income and outgoing figures for the company for the accounting
period. 

Statutory Accounts are made up of the following:

  • Income Statement – the
    company’s profit and loss for the accounting period.
  • Statement of Financial
    Position
    – this is the overall value of a company and is
    otherwise known as the Balance Sheet. This reports the assets and liabilities,
    and the total of the difference between them as they stand at the end of the
    accounting period.
  • Directors Report – unless
    a company is a micro-entity, it will need to produce a Directors Report. This
    is an annual report on the state of the company by the board of the directors.
  • Footnotes
    – any extra information that helps to clarify what’s contained in the earlier
    sections.

The Statement of Financial Position and the
Footnotes will be published by Companies House. This will be available for general
viewing and can be accessed on the Companies House website.

Keep
track of company accounts filing deadlines

It’s important to keep track of the deadlines for
filing accounts to the two different authorities. Limited companies need to
submit their year-end accounts to HMRC and Companies House.

Companies
House

  • Submit your first accounts – 21
    months after your company’s registration date.
  • File subsequent annual
    accounts
    – 9 months after the end of your company’s
    financial year.

HMRC

  • Pay corporation tax or inform
    them the company doesn’t owe any –
    9 months and 1 day after
    the end of your accounting period.
  • File your company tax return –
    12 months after the end of your accounting period.

The deadline for paying any corporation tax is shorter
than the one for submitting your Company Tax Return. If you have an accountant,
they will be able to calculate how much is owed. Overpayments can be corrected
later.  It’s good practice to submit your
tax return well before the deadline to ensure that you pay the right amount of
tax.

Penalties
for missing a deadline

If you miss the deadline for submitting the
required documents to either Companies House or the HMRC you may be liable for
paying a penalty.  In some cases, your
company will be struck off from Companies House register and you will be fined,
if you don’t send your accounts and/or Confirmation Statement when due.

If you’re late in filing your documents an
automatic penalty notice will be issued.

The late filing penalties issued by Companies
House
are:

  • Up to 1 month – £150
  • 1–3 months – £375
  • 3-6 months – £750
  • Over 6 months – £1,500
  • Over two years in a row –
    penalties will be doubled

What
should I do to get ready for my Limited Company Year End?

When filing your limited company accounts, a good
accountant can help you understand what you need, or you can plough through the
detailed guidelines on the gov.uk website.

Working with an accountant will make the process of
preparing year end accounts less stressful and the best part is that you will
be eliminating the possibility of making costly mistakes, while potentially
saving your time and money.

Before
you prepare for your Company’s Year End Accounts, there are a few steps you
need to take care of:

  • Prepare
    you and your team should ensure you have all the
    necessary information at hand to be able to complete the documentation and
    submit on time.
  • Chase
    overdue payments
    – to ensure your accounts
    are as accurate as they can be it’s time to chase down those unpaid invoices.
  • Sort-out
    your expenses
    – expenses reduce your Corporation Tax liability
    so it’s important to ensure that all allowable expenses are recorded.
  • Make
    sure your figures match
    – all the figures in your
    accounts should tally with the figures in your supporting documents. These
    include receipts, invoices, and bank accounts. Make sure that any unpaid
    invoices are listed as outstanding debts, rather than revenue.
  • Ensure
    your staff payroll data is up to date –
    make
    sure that your staff
    employment data
    such as payroll, benefits
    and expenses are completely up-to-date and have taken account of staff comings
    and goings during the financial year.

Get
professional help from an accountant

The easiest way to remove the stress and headaches
of filing your Limited Company end of year accounts, is to get professional
help.

If you don’t have the resources or the time to
manage this complex task it makes sense to seek the advice of a specialist accountancy
firm who can provide a variety of key services to make the filing process
easier. 

If you need expert assistance with
year-end accounts, contact One Click
Accountant
 today.
Accountants offer bespoke assistance you can opt for support that’s tailored to
your company’s exact requirements.

Mistakes while filing Limited Company accounts can
be costly. Getting tailored professional support can ultimately save you a
great deal of stress, time and money.

Dubai – A place with one of the strongest equestrian traditions

0

Horses
represent nobility, inner peace, and strength. For thousands of years, they
have been at the side of human beings, acting as loyal and faithful protectors
and servants, ushering millions of individuals through and into new sights and
territories. Their grace is subtle but yet overpowering, and with it, they’ve
helped inspire various cultures and traditions, particularly in the United Arab
Emirates and Arabian gulf.

Despite
all the technological innovation we’ve seen in transport, humanity will always
have a fondness for horses and what they represent. Today, more and more
individuals are feeling the longing to immerse themselves in the equestrian
traditions of thousands of years past. There are so many horse breeds, and
activities in this arena, that it can be a little challenging when it comes to
knowing where to begin. An online marketplace such
as horsesme.com

can be a great place to start for horse enthusiasts – here you can find
different horse breeds and equipment, as well as horse riding lessons and
activities.

Desert horse riding in
Dubai

If you’re looking for horse riding, then we recommend desert horse riding in Dubai, known for its love for horses and its novel approach to equestrian activities. With countless horseback riding tours, desert horse riding experiences, and places for horse riding lessons – this is the perfect place for you if you’re looking to immerse yourself in a new adventure.

Not
only that, but Dubai is also the perfect way to bask in several different types
of other adventures. These include quad biking, traditional boat racing,
sandboarding, and so much more.

In
the United Arab Emirates, don’t only expect there to be intensive horse
activities that you can partake in. You can also simply watch horse racing
events if you want to take more of a backseat. Horse racing events tend to
attract families, giving them the chance to enjoy something that unites them
together. Meanwhile, these events often have complementary activities for
children to participate in before and after horse racing events.

A unique activity with
countless benefits

If
desert horse riding already sounds tempting, you can book an evening safari and
have an off-road experience on the highest dunes in the UAE that’s
out-of-this-world. Doing so, you’ll be able to bask in the wonder of the
Arabian desert, get to know different horse breeds and gain greater clarity on
what kind will best suit you, should you choose to buy a horse in the future.

Desert
horse riding not only has health benefits, but it can also help you gain
cultural insight into the UAE. Sports in the UAE are usually linked to desert
sands, with many camels and horses flocking these areas – interestingly, camel
racing is also a popular tradition in the UAE. Although Formula 1 and tennis
have grown in popularity over the years, traditional horse riding is still
loved by many citizens of the UAE – and for good reason.

Loving
and loyal, the Arabian horse is the oldest horse breed registry in the world.
Arabian horses can sustain the rough climate conditions of the Gulf region,
making them perfectly suitable for a range of activities in Dubai.

An environment designed
for sport lovers

UAE
is known for its state-of-the-art facilities, designed so that the residents
can enjoy and play their favourite sports with ease. Traditional sports have
been promoted to keep the heritage of horses alive. All with that, the UAE
government has helped nurture a thriving expat and tourist community, with
around 80% of residents in the UAE being expats.

Summary

Whether
you’re a seasoned horse rider or you’re simply interested in the equestrian
tradition, Dubai has lots on offer in
terms of activities
,
tours and beautiful rolling dunes scenery. Choose a tour that suits your needs
if you’re visiting for the first time, or customise your own trip if you’re
decided on trying new adventures. Either way, equestrian activities are
guaranteed to make for a unique experience.

Restructuring and redundancy – why you may need expert help in the wake of Coronavirus

0

Redundancy
is a challenging, emotionally-charged process that no business leader or owner
wants to face. However, the Coronavirus pandemic has brought challenges to all organisations
from large corporates to the smallest SMEs, and for many, restructuring and
redundancy may be the only option.

In
times of crisis, businesses go through three phases – Survive, Reset, Thrive.

The
survive phase saw us all getting by day by day to get the job done, in many
cases supported by the Government’s COVID-19 furlough scheme to keep staff in
employment.

Most
businesses will have now moved on to the Reset
phase. This is where plans must be developed, and very difficult decisions
made, to put the organisation in the best possible position to thrive in the
future.

Unfortunately,
there may be a need for fundamental changes to staffing – and support from
expert redundancy HR specialists can be required to achieve this. Even large
companies with their own HR teams may require specialist
restructuring and redundancy HR support
, particularly if they are
preparing to make a large number of redundancies.

Before
taking any action, it is crucial to understand what redundancy means, the legal
process required, and the pitfalls that can be encountered along the way.

What are
restructuring and redundancy?

This
may sound like a straightforward question, but many employers struggle to
understand it. First of all, there is no legal definition of restructuring and
redundancy and the term restructuring may in fact cover a range of options such
as reduced hours, lay-offs and changes to pay and contracts that stop short of
redundancy.

As
many businesses seek to cut staff costs due to the impact of Coronavirus, it’s
important to understand that businesses do not make a ‘person’ redundant
– it is the role they perform that is now no longer required. This means in
order to make a job redundant, there must be a reduction in the requirement for
the work to be carried out, a business closure, or the closure of a workplace.
You should also consider alternatives to restructuring and redundancy before
you begin.

What
are the alternatives to restructuring and redundancy?

Redundancy
should be a last resort, and there are a number of alternatives that should be
considered. Many will require the agreement of employees, but in the difficult
circumstances we all face because of COVID-19 you may find that staff are
agreeable to change if it means they remain in employment.

Not
every solution will be right for every business but you may consider pay
freezes or cuts, a temporary deferral in pay, a cut in hours, and unpaid
sabbaticals. When considering restructuring or redundancy you should also look
at whether it is possible to redeploy one or more employees to another part of
the business. Sometimes an external eye – such as an outsourced HR provider –
can help with identifying these alternatives and spot opportunities you may
have missed.

If
there are no viable alternatives or employees do not accept the offer of a
change to hours, pay or terms, then redundancy may be a fair reason for
dismissal. It is crucial that fair and legally sound processes are followed –
again, an employer or in-house HR team may need support from an external HR
provider to support with this.

A fair
redundancy process – consultation is key

From
the largest corporates to the smallest businesses, the same rules of redundancy
apply. In large companies which may be making a significant number of redundancies,
it is essential that a thorough consultation process – including collective
consultation where relevant – is carried out meticulously and fairly. Getting
this process wrong can be expensive and risks exposure to employment tribunals
and reputational damage.

If you
intend to make 20 or more employees redundant within any 90-day period at a
single place of work, then you must follow collective consultation rules which
require a consultation period of 30 days (45 days if the number of employees being
made redundant is 100 or more). There is no set consultation period for
employers proposing to make fewer than 20 redundancies but it is good practice
to consult, and a tribunal could decide that a member of staff has been
unfairly dismissed if they were not consulted or if the consultation was not
adequate.

When
selecting employees for potential redundancy, you must be scrupulously fair. Of
course, selection must not discriminate on the grounds of any protected
characteristics such as age, race, religion, sex or sexuality.

Usually
candidates are “scored” on performance – their output or quality of work,
attendance, and disciplinary records. This can be a complex process and may be
subject to a challenge by an employee – so often to ensure complete compliance,
objectivity and impartiality, this process is run by an external HR provider
that specialises in restructuring and redundancy.

Restructuring
and redundancy for employees on the Coronavirus furlough scheme

Staff
who are on furlough may
still be dismissed on the grounds of redundancy. However, businesses should be
wary of making redundancies as soon as the furlough period ends as HMRC may interpret
that the intention was to make the redundancies all along.

It’s
important to note that despite the existence of the furlough scheme, all normal
employment rules, including the need for redundancy consultation, are still in
effect.

If
furloughed staff are not at work then meaningful consultation must take place –
either bring them safely into the workplace, or carry it out by phone or video
call.

If you
do make an employee redundant, then you will need to calculate their statutory
redundancy payment. This is based on a number of factors including their pay,
length of service and age. Redundancy payments are based on the employee’s full
salary – not the reduced amount paid through the furlough scheme. An employer
must meet the cost of this payment – it cannot be claimed through the job
retention scheme.

External
HR support for restructuring and redundancy

Restructuring
and redundancy is a complex process, especially taking into account the
additional factors of Coronavirus and the furlough scheme.

Even for
very large companies, it may be that internal HR teams need support from an
external HR team which specialises in redundancy. An external team can view
your workforce with an objective eye, identify alternatives to redundancy,
ensure consultation is carried out legally, fairly and sympathetically, and
advise on any potential issues your business may face as a result of the
process.

This
article was produced in association with Reality HR which
delivers bespoke HR services including restructuring and redundancy support to
a range of organisations through its team of CIPD qualified specialists.

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