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Home Blog Page 739

Benchmark International: How Could CGT Changes Affect Mergers and Acquisitions?

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With amendments to Entrepreneurs’ Relief introduced in 2020 and rising media speculation over potential changes to Capital Gains Tax (CGT), this article investigates the impact on mergers and acquisitions.

Entrepreneurs’ Relief

Under previous legislation, Entrepreneurs’ Relief provided a generous reduction in tax liabilities, reducing CGT rates from 20% to 10% on the first £10 million of gains realised through the disposal of qualifying business assets.

However, on the 11th March 2020, tax-saving opportunities diminished significantly when the Entrepreneurs’ Relief lifetime limit was reduced from £10 million to just £1 million.

It must be remembered that, even at the higher rate of 20%, CGT remains substantially less than personal tax. Business asset disposals that qualify for Entrepreneurs’ Relief also attract less tax than a direct sale of business assets, which could attract 19% corporation tax as well as an additional 38.1% dividend tax.

Entrepreneurs’ Relief is available to individuals rather than companies. Therefore, where a disposal of business assets qualifies, each individual shareholder will only be taxed the lower Capital Gains Tax rate on the first £1 million, rather than it being applied to the company as a whole.

Announcing Entrepreneurs’ Relief amendments in his 2020 Budget, Chancellor Rishi Sunak indicated that 80% of small businesses would be unaffected by the changes. Sunak explained that although he wanted to encourage risk-taking entrepreneurs, he had also heeded representations that the tax break should be abolished completely, hence the reduction.

Even with the rate of CGT limited to just 10% on the first £1 million of gains, Entrepreneurs’ Relief still offers significant tax saving potential, particularly in terms of mergers and acquisitions.

As part of the legislative changes, Entrepreneurs’ Relief was renamed Business Asset Disposal Relief in the 2020/2021 tax year. Individuals must meet certain eligibility requirements, satisfying defined criteria throughout the ‘qualifying period’ – a two-year timeframe ending at the date of asset disposal.

Throughout the qualifying period, the stakeholder must:

  • Have been a company employee, officer, or sole trader
  • Have held a stake of 5% or greater of the company’s share capital, as well as 5% of voting share capital
  • Have remained within their individual £1 million lifetime disposal limit

Eligibility also depends on whether an individual is disposing of shares within a business or disposing of the entire business itself. Although both instances can qualify for relief, there are notable differences in eligibility criteria.

In the case of a disposal of shares, the company must be a trading company, or a holding company of a trading group, trading throughout the two-years preceding share disposal.

Proposed Changes to CGT

With the UK economy reeling from the continuing COVID-19 crisis combined with Brexit uncertainty, analysts indicate that Rishi Sunak could turn to CGT to help meet the potential £391 billion deficit created by the coronavirus pandemic.

As Alistair Darling pointed out in a recent radio interview, the only popular tax is one that everyone thinks is being paid by someone else. In 2018/19, just 276,000 individuals paid CGT, but from that low number, the UK Government generated an impressive £9.5 billion in revenue. As a global mergers and acquisitions specialist, Benchmark International always recommends that clients seek professional advice from qualified tax experts. Nevertheless, in terms of benefiting from the tax-saving potential of Business Asset Disposal Relief, it may be a prudent to act sooner rather than later, to avoid missing out on tax relief.

Business travel to Holland? Consider a car rental

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Travelling for business is often considered intensive and tough. Running from meeting to meeting, arriving at your hotel late and start preparing for your next day. The hassle already starts when you leave your home. Rushing to the airport, queuing for security and waiting for the plane to take off… not the best way to start a hectic week of business meetings. Luckily there are innovative companies that are looking to take some of that stress away. Car rental Holland is one of these examples that show how it should be done. Let’s look at how they are making business travel great again.

Car rental Holland: click and go

You can book your car via the Internet and select your preferred method of pick-up. There is a special valet rental option that is often enjoyed by business travellers. When you arrive at Amsterdam Schiphol airport and head to the exit of the terminal, you will be welcomed by a car rental representative. He/she will guide you to the car that will wait for you directly outside of the terminal. After a quick check you can immediately drive off to your meeting or hotel.

Transparent pricing

With the emergence of the Internet and price comparison websites, it is important to be transparent. This is exactly what car rental Hollandis striving for. Companies that offer car rental services are open about pricing and potential additional fees. With a quick search on the Internet you know exactly what you can expect. Pricing is also dependent on your needs. There are cars that are small in size, but you could also choose a more convenient larger car. You can filter on these preferences and find the exact car that suits your needs.

Service of a taxi but at a better price

Taxi services in Holland are very expensive. For a short ride you easily spent more than 30 euros. This makes the use of these services very unattractive for travellers that come to the country. Public transport is another option that can be considered. Pricing is attractive and the infrastructure is sufficient. The only difficulty is the penetration throughout the country. Some places are quite hard to get to, requiring a taxi from the train station or ride a bicycle to reach your destination. This makes renting a car the best alternative for business travellers visiting the country.

Airports to consider in The Netherlands

The airport of Amsterdam is not the only option to consider. There is also rent a car Eindhoven airport that poses as an appealing option for business travellers. The airport is mostly utilised by low-cost carriers, making it possible to travel for competitive prices. Since the fixed costs of rental companies here are also lower, the prices of a rental car are also more appealing. If you are flying from within Europe, it can be an interesting alternative for Amsterdam’s Schiphol airport.

Everything You Need to Know About Payday Loans in the UK

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Payday loans are short-term loans that take care of an individual’s cash crunch during difficult times. While they are easy to get, the interest rates associated with these loans are high. But in recent times where survival has become a lot tough, courtesy of COVID-19, more and more individuals in the United Kingdom are considering taking payday loans to meet up with their daily requirements. Payday loans are considered the last resort when looking to borrow money. Nevertheless, a payday loan can help you stay afloat financially if you have recently lost your job or your company has put you under furlough. 

But, before you take a payday loan, you should try to learn as much as possible about how payday loans work, how to get one, and what will happen once you get one. Since they are easily available from numerous internet sites and high-street shops in the UK, it is common to feel overwhelmed regarding which one to choose. There are also brokers that can find same day loans on benefits.

To help you out, we have created a thorough guide where we will be discussing everything you need to know about payday loans, including how they work. 

Let’s jump right into it. 

What is a Payday Loan and How it Works? 

A payday loan works on the assumption that you are in a desperate need of quick cash, which you will have to repay on your next payday. In drastic times, when you have no other option, payday loans come in handy. On the face of it, a payday loan works the same as any other loan. You will visit a financial institution or a website, complete the loan application, and if the lender approves it, the money will be disbursed into your account. However, that’s where the similarities end. 

In case of a payday loan in the UK, you will have to repay the loan quickly, essentially within 30 days or your next payday. In other words, once the customer receives their salaries, they use it to repay the payday loan in full. Usually, the loan amount is lower, and the amount ranges around your monthly wage. But, you can also take a larger sum if it is that urgent. However, please note that taking up a huge payday loan can trap you in a cycle of debt. So, it is important to do your research and due diligence before finalising a lender, shop around to get the best deals at the cheapest fee, here is a good review of the best UK payday lenders.

If it is a large amount, loan repayment in a single instalment could inevitably leave you struggling the following month. In some cases, people take up another payday loan to manage their expenses. So, shop around to find the best deals. 

Payday loans are very short term loans that are repayable within 1-2 months. 

Why are Payday Loans So Popular in the UK? 

The primary reason why payday loans are so popular is that they are often quick. This type of loan is approved the same day, and the money is disbursed in your account within the first couple of hours after approval. As compared to other loan types, which may take weeks or months to get approved, payday loans offer an easy and fast solution in the events of an emergency. 

The lenders are also keen to help people with loans in this current situation where people have lost their jobs, the economy is down, and there is no clear picture of what our future will be like. With that being said, your lender might agree to pause or reduce your payments temporarily. 

What if I cannot repay my payday loan because of COVID-19? 

You can get help if COVID-19 has made it difficult for you to repay the payday loan, or pay for something you bought on loan like furniture, home appliances, car, etc. 

You might be able to get your instalments paused or reduced. Also, you might be able to stop the repossession of something you bought on finance. 

You can contact Credit Union if you cannot repay the loan. They will help you deal with your delayed repayments by: 

  • Helping you work out a repayment plan to pay what you have borrowed 
  • Halting the addition of interest rate on loan for a limited time period 
  • Pausing or reducing your payments for a limited time 

Things to Consider Before Taking a Payday Loan 

There are several factors you should consider before you take up the payday loan. If you want to make a smart purchase, then the following are the best practices you need to follow: 

  • Shop around for the best deal and ensure to compare the deals with one another 
  • Determine whether the lender provide insight into the loan you are taking, like its features and benefits 
  • Determine what’s the procedure for late repayment if you are somehow not able to repay the loan on time 

Final Words 

Payday loans are turning out to be the go-to financial aid that people are taking in the midst of the pandemic. Only shop from a trusted lender and read the terms and conditions of the loan before signing the agreement with the lender. 

3 Ways to Increase Your Employability Now

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You spend the majority of your adult life working, so it’s important to choose a career that’s going to satisfy you. However, securing your dream role doesn’t happen by accident. Whether you’re just starting out or you’ve already made it a few rungs up the career ladder, you’ll want to do everything you can to impress potential employers.

If you want to be ready when the next promotion opportunity comes along, take a look at these three ways you can increase your employability now:

1. Gain Experience

If you don’t have the right experience, you’re going to struggle to land your dream job. Of course, it can be difficult to gain experience when you can’t get your foot in the door. Fortunately, you can get more experience in your chosen industry by volunteering, taking internships and honing your skills outside the workplace.

People tend to assume that they can’t take an internship while they’re in full-time employment, but this isn’t always the case. Many firms offer short-term vacation schemes which allow you to gain experience over a two or three-week period. This can be a great way to boost your skills without leaving your current role.

2. Get Qualified

Being well-qualified will indicate to potential employers that you have the requisite skills they need, and it could put you a step ahead of your competition. With a Diploma of Business Administration, for example, you can gain theoretical and practical knowledge across managerial, technical and specialised business functions. What’s more – studying for a Diploma of Business Administration with TrainSmart Australia gives you the opportunity to complete your qualification online in just 12 months. Their rolling enrolment ensures you can start at a time that suits you and fit studying around your existing commitments.

3. Make Contacts

Although companies are required to adhere to strict policies and regulations when it comes to recruiting new employees, the old saying, ‘it’s not what you know, it’s who you know’, still rings true. If you have an extensive professional network, you’re more likely to hear about potential vacancies as soon as they become available. Furthermore, having a stellar reputation in your industry will ensure that potential employers receive positive feedback when your name comes in conversation.

It’s important to extend your professional network regardless of what stage you’re at in your career, so make time to attend industry events, socialise with colleagues where possible and be active online. By doing so, you can widen your network and make important contacts that will stand you in good stead for the future.

Prioritising Your Employability

If you’re not actively looking for a new role, you might think you don’t need to focus on your employability right now. In reality, however, you should always be taking steps to maintain your employability. It will help you to retain your position if redundancies occur, for example, and it could mark you out for imminent promotion. Additionally, being a top candidate will help you to build a profile within your industry and give you a wider range of options to pursue.

First Date in a Long Time? Time to Bust Out that Stylish Outfit!

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Getting ready for your first post COVID date can be worrying, without even having to worry about the outfit to wear. While most people had already become accustomed to online dating, the coronavirus has brought with it certain changes that are likely to complicate things a bit.
Apart from worrying about masks and social distancing, there’s also the chance that whoever you intend to meet isn’t as appealing in real life as they’re on Tinder. Luckily for you, you can use the weapons already present in your arsenal to boost your confidence.
A fool-proof way to get started involves selecting a stylish outfit date that effortlessly combines your unique sense of style with contemporary fashion trends. Even though this does sound ideal in theory, how do you decide what to wear for that particular date?
If you’re among the tons of people who don’t have much going for them in the fashion department, you’re in luck! Read on to learn more

Try to Make the Most Out of the Wardrobe Already in Place
Deciding on what to wear for a first date night may be the perfect excuse for you to consider shopping for some new clothes. While there’s no rule on what you need to wear for a first date, it doesn’t hurt having a few choice items at your disposal.
In reality, raiding your current wardrobe to look for something to wear does say a lot about you. However, make sure to keep the following in mind when making the decision:

  • Be comfortable
  • Look like yourself

Keeping this in mind, your current collection does serve as the best clothing to wear. If you don’t have anything that fits, consider online shopping.

Questions You Have to Ask Yourself When Choosing What to Wear
Given that it’s been a while since you last went out on a date, you may face some uncertainty when it comes to deciding what looks good on you. If so, ask yourself questions such as:
1. Which clothing items gets you the most compliments from co-workers and friends?
2. Which items have you found yourself wearing most often because they help make you feel good about yourself when looking in a mirror?
3. If you were headed out on a weekend getaway, which items do you think would look good in your suitcase?
Items that tick all the above three boxes are the ideal starting point. If the existing items no longer fit or are torn, then it’s time to hit the shops for replacements. But then again, it’s still possible to achieve a lot with some well-chosen accessories, a smart coat, and a good steam iron.

What to Wear on a Day-Date?
Day dates are often a wonderful thing, especially when meeting someone for the first time, but they do come with a set of issues. You have to choose something that will impress your date even from afar while also getting through the conversation lulls.
But there’s hope in that outfits for day dates are naturally comfier and casual. You, therefore, need to take a look that matches all the activities you’re anticipating to take part in; some of the suggested items include a coat, smart jacket, and comfy shoes.
When it comes to women, you can’t go wrong with a chic trench, a blouse, and form-fitting jeans. Complete the look by wearing some light natural makeup, subtle silver jewelry, and leather loafers.
In the case of men, khakis or smart jeans will serve as a good choice for a day date. You can pair this with a checked shirt or polo shirt, and a fresh pair of trainers.

Choosing What to Wear for a Date Night
For first dates at night, the key lies in striking a balance between practicality and sex appeal. You want to ensure you look your best without compromising your ability to eat, bank balance, and your comfort.
While evening dates are traditionally more straightforward, there’s still a need to tailor the outfit based on the activity at hand. If the plan is to hit the pub before visiting your preferred Indian curry joint, stay away from cocktail dresses or suits.
On the other hand, if visiting a chic restaurant or upmarket bar, you may want to place a lot more emphasis on your wardrobe.
For women, go with a classic date dress. Your focus should be on finding something that fits you perfectly while showing off all your best assets. Pair it with embellished flats and a pair of comfortable heels. Accompany this with a chunky necklace and a pair of statement earrings.
The choice lies between selecting something more casual or tossing on a suit when it comes to men. If visiting a laidback setting, opt for brogues, smart jeans, and a white shirt. For those that prefer a formal look, choose a stylish shirt and a well-fitting suit.

How to Buy these Outfits
Making a trip to the shop may prove inevitable if you don’t have something to go with your favorite date night top or a tie to complement your suit. Considering the need for social distancing, your only option is to shop online. Coupons, such as H&M promo code, help you to enjoy significant savings and discounts when shopping online for an outfit for your date
Although not every person enjoys shopping, shopping online does have its advantages in that you get to use online coupons to lower the payable amount. Even the styles discussed above are all highly recommended, you shouldn’t shy away from trying something new.
All that matters is that you will like what you have chosen and that you will look good in it. On a more practical level, consider clothing that’s comfortable in a date scenario. In this case, choose shoes you don’t need to wear in, clothes that won’t make it hard to move, and breathable fabric.
If you still don’t know what works best for you by this point, consider using this formula.

Last but not least

Whatever you decide to wear for your first date at the end of the pandemic, there’re a few things you may want to remember:

  • If you opt not to buy new clothing items, ensure the clothes you wear for the date are freshly cleaned and pressed. Formal dresses and suits should be dry-cleaned. Also, take your time to iron your blouses and shirts.
  • Stay away from baggy pants. While at it, also choose some undergarments that are easy on the eye. You never know how the date may end!
  • Polish your shoes
  • Clean and thoroughly trim your fingernails and toenails
  • Make an effort to style your hair. Please take a look in the mirror and determine whether it needs a little maintenance. If it does, get a trim before the date night approaches.

7 Best Teas to Help Boost Your Stamina

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Many people prefer to reach for a cup of espresso or coffee when they need an energy boost. But then again, do you know that it’s possible to boost your stamina levels by taking a cup of tisane?
The main benefit of taking the tea is that included in it are a set of compounds not present in coffee. It’s what makes loose leaf tea to work more efficiently as an energy boost. Below we have captured a list of all the best decoctions for that much-needed energy boost. We all know that eating healthy is the key and can boost your stamina.
From true brews like black infusion to herbal drinks like yerba mate, you’re more than assured of finding an energy-boosting drink having a flavor you will like. Do you want something that will help you enhance your energy levels today? Why not check out this tea and coffee collection?

The Best tea to Help You Boost Your Stamina and Focus

1. Green Infusion
When it comes to tea for stamina, this is a renowned drink for its many health benefits. They range from lowered blood pressure levels to accelerated weight loss. It’s a brew that doesn’t contain lots of caffeine but whose benefits contribute to enhanced alertness and energy levels.
It’s a refreshment known to give its consumers more stamina due to the presence of L-theanine, which is an amino acid. The role of this amino-acid is to slow down the rate at which the body absorbs caffeine.
Therefore, the body is in a position to process this caffeine more efficiently, guaranteeing a long-lasting energy boost. Given the slow absorption of caffeine, it means consuming the refreshment won’t come with the withdrawal symptoms or jitters associated with coffee consumption.
The green tea also comes with some vitamin C, although in small amounts. They can protect your energy levels while also boosting your immune health. Consume a cup of this tea regularly and get to enjoy an energy boost devoid of any coffee jitters.

2. Chamomile
Chamomile is yet another renowned tea for workout prepared by placing chamomile flowers in a pot of boiling water. Once it’s ready, the tea features a gentle floral aroma and has a flavor similar to crunchy green apples.
Although the pekoe isn’t known for its stamina boosting properties, it improves focus by getting rid of unwanted stress. Apart from its soothing properties, it has been known to help prevent the release of the stress hormone, commonly known as serotonin.
The refreshment also operates on a chemical level by enhancing the release of dopamine, the happy hormone. Once released, the hormone makes it easier to focus on your essential tasks. It’s also likely you will experience a slight energy boost once your stress levels are reduced.

3. Black Brew
As is the case with the green drink, this brew is also known for its potent health benefits, including a lowered risk of contracting heart disease. Additional benefits include an improved immune system and blood sugar regulation.
Both the black and green brews are referred to as true drinks made from the Camellia sinensis plant leaves. Other true drinks include white, Pu-erh, and oolong remedies. The black brew, however, has the highest caffeine content of these teas.
The brew contains moderate L-theanine amounts that help make it an ideal workout tea. According to the USDA and FDA, it also comprises forty-seven milligrams of caffeine for each eight-ounce serving.
Some of the black drinks may also contain between sixty to ninety milligrams of caffeine. It’s a figure that represents about fifty percent of the total amounts contained in coffee.

4. Ginger Brew
Ginger root brew is considered delightfully spicy, which is among the top reasons it’s included in many “Eat This” lists. Ginger tea bags have undergone extensive studies that have shown it contains benefits that are vital for the body.
Among its benefits is the presence of anti-inflammatory properties known to assist in decreasing inflammation and tension. It also improves blood flow throughout the body. You’re likely to experience an energy boost when your body has increased circulation.
Herbal Medicine published a study that notes that ginger plays an essential role in boosting adrenal catecholamine’s secretion. They’re compounds whose primary function is to modulate the consumption of energy.
Consuming this refreshment can help the body to boost energy levels and exercise performance on a chemical level. Chinese Medicine has also used the drink to target the energy pathways present in the human body.

5. Yerba Mate
Yerba Mate is an herb-infused brew from South America that you can found in any major online tea and coffee shop. Indigenous tribes have consumed this drink for decades and are an everyday staple whenever there’s a social gathering.
The indigenous tribes ingest it early in the morning as they share hunting techniques and tell stories with other members of the community. The brew is also used when attempting to interpret what a dream means.
On the other hand, Americans know it as a central ingredient used in the manufacture of energy drinks. It’s a tea that features a smoky flavor with some heavy earth notes. The aroma produced by the tea is bold and is routinely compared to that of coffee.
Traditionally, the tea gets consumed using a bombilla (straw) and clay gourd. Although yerba mate has more caffeine than that of the green brew, its caffeine content is still low compared to that of a single coffee cup.
Yerba mate also has theobromine. It’s a compound that shares a lot of similarities with L-theanine. It assists to boost the energy levels in your body without causing you to experience any jitters.
Some studies conducted recently have also shown that when consumed regularly, it can enhance exercise performance and also increase endurance.

6. Licorice Root Brew
Black licorice and licorice root tea have the same taste. Furthermore, they are often blended with caffeinated teas and other herbal brews to smoothen the flavor. It’s also possible to prepare a cup of straight licorice drink with honey and a dash of lemon.
The result is an energy-boosting drink that helps regulate hormones and reduce stress levels in the body. Adaptogens are present in this tea. They are compounds whose role is to modulate hormones production.
A cup of this brew will help stimulate your adrenal glands to increase blood flow and boost your energy levels. An increase in the blood flow also leads to an improvement in your energy levels and blood pressure levels.

7. Peppermint Drink
Peppermint drink has long been used as a natural remedy for treating the common cold and an upset stomach. The brew is prepared by taking a peppermint leaf and placing it in a cup of hot water for between five to ten minutes.
You can brew this tea using tea bags or loose leaf tea. Once ready, the brew provides a sharp and tingling flavor that has a refreshing aroma and hints of pine. While the remedy doesn’t have any caffeine in it, it gives an energy boost to help with mental concentration.
Some research has indicated that peppermint may also help to booth memory and improve mood levels. Individuals who drink this brew frequently have recorded enhanced cognitive skills and better mood levels. They also have recorded improved long-term awareness.

The real problem with the UK’s business lockdown rules

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First came reports of a new virus from China. Just days before February it had crept its way into the UK population. Soon, the World Health Organisation (WHO) had declared a global health emergency – and in no time at all the COVID-19 virus has pulled shutters down on the world.

The UK has certainly been no stranger to the stay at home message, but even as we each do our bit to prevent the spread of the virus, businesses are shouldering a huge financial burden. Of course, it makes sense that retailers (like anyone else) have to do their bit to keep us all safe, but what makes this situation worse are the seemingly arbitrary pandemic regulations that have been pursued across Britain.

As the British Retail Consortium (BRC) rallies against lockdown rules, here’s a closer look at the issues arising out of business pandemic guidelines.

What are the rules for UK businesses during COVID-19?

Despite British Prime Minister Boris Johnson’s call for a “four-nation” to pandemic management, the lockdown rules that apply to UK businesses very much depend on which area you are situated in. England, for instance, went into a second period of lockdown on Thursday 5 November until at least Wednesday 2 December. During this time shops that are deemed ‘non-essential’ must close, whilst those who are allowed to keep their doors open must stick to a strict regimen of social distancing rules.

Contrastingly, businesses in Wales have had a similar treatment under their two-week ‘firebreak’ lockdown but were able to reopen from Monday 9 November. A comparable situation has been seen in Northern Ireland, where a so-called ‘circuit-breaker’ lockdown will prevent the full reopening of hospitality businesses up until 27 November.

Yet another regime still can be found by looking north of the English border to Scotland. A three-tier system has been introduced there, yet shops can remain open regardless of the tier that applies to their local authority area.

Whilst the intentions of those in power may be good, the muddled approach to pandemic business regulations seems set to confuse firms that are already struggling to cope amidst reduced footfall and economic uncertainty.

Essential or not?

Aside from the patchwork of COVID-19 regulations, perhaps the most egregious stance has been taken when deciding whether or not certain retailers are ‘essential’ or not. With little in the way of concrete guidance for the government, issues have presented themselves where supermarkets have been permitted to continue selling arguably ‘non-essential’ homewares simply by virtue of stocking them near to other clearly essential products.

The problem goes beyond the reported bluster and uncertainty caused by taped off products in Welsh supermarkets, though. Few would disagree that grocery products and medication are essential during the pandemic, but the waters become muddier beyond such evidently important items.

It stands to reason that some products are more widely considered as essential than others, but who can really determine what another consumer desperately needs at any given time. From kitchenware to office equipment and electronics, almost any item could be considered an essential if you really do need it. According to Tom Ironside, director of business and regulations at the BRC, politicians have created “arbitrary lines over what is and isn’t an ‘essential’ retailer.

When looked at alone, it might not seem all that important that some people can’t buy new pots and pans, for instance. But when you look at the bigger picture, cracks begin to show in the government’s plans. With estimates suggesting that closed shops lose out on £2 billion each week, it’s easier to understand exactly why we need our shops open. Without them, the nation may find itself in a much stickier financial situation than it’s already in.

A new way forward for business

The total of these varied lockdown measures is anything but a “four-nation” approach, and that spells trouble for the businesses that are struggling to stay afloat whilst propping up the UK’s ailing economy.

As the BRC’s Chief Executive, Helen Dickinson OBE, puts it:

“many retailers had finally thought that they were finding their footing. The new lockdown in England will now throw away this progress as we enter the crucial Christmas trading period”.

With these sentiments no doubt echoed across the UK’s retail landscape, businesses can only hope that the government will be better equipped to deal with any future health crisis in a way that does not interfere with the legitimate and safe operation of shops.

Until such time, however, retailers may just have no option but to take matters into their own hands. Whilst the pandemic has all but crushed the high street, ecommerce is now outperforming even the most buoyant of traditional sales channels – and opportunity abounds for those businesses who can take advantage of the public’s exodus to internet shopping.

Among the best ways to take advantage of this consumer trend is to invest in a secure and reliable eCommerce payment gateway. As an online payment system, it could scarcely be easier for businesses to continue taking payments from their customers during the pandemic and beyond.

With solutions like this in place, businesses can keep trading online regardless of ineffective lockdown measures and mismatched restrictions. As ever the retail industry is innovating, and even there are ways for businesses to fight back and survive, even if they can’t return to full service just yet.

Learn How To Make Money Off Your Holiday Property

The best way to get into the mood for buying or selling a holiday property is to find out what people are saying. If there’s a market for a particular type of property, then it will be in everyone’s interest to hear what the current owners are doing with their property.

What’s the first thing you think about when you think of buying a holiday home? Is it just the fact that you’ll be able to stay in a beautiful house during your break, or is it the fact that you can build up equity in your property. Of course you want to buy your property purely for the benefits it offers – so you need to know whether you can make money on your property if you buy it cheap.

Holiday homes are good investments because they offer many advantages. Here are some tips on how you can make money from a property when you buy it.

The most important thing to remember when buying a holiday property is that it will be a risk, and it won’t always pay out. However, if you learn how to take the time to learn about your properties and how they perform, you can often make money from these properties if you follow the rules of the game properly.

When you buy a holiday home, you should also invest in insurance. This is to ensure that you don’t lose money on a property that has been ruined by an accident, fire, or any other reason. If you are careful with your holiday home, then you can make money from it, but you have to be willing to take the chance.

You can also use your holiday property as a home for your family or friends. One of the best ways to make money off a holiday property is by renting it out during your break. This is something that is very popular at this time of year and can really help you make some extra money. It doesn’t matter what type of property you choose – if you can rent it out, then you’re guaranteed a steady income.

You don’t just have to rent your property to friends and family, you can advertise it on sites such as AirBnB and make a serious income off it. However it is best to speak to a mortgage broker when purchasing a holiday home to ensure you are paying the right price for the property. Mortgage brokers ensure you get the best buy to holiday let mortgage on your property, so avoid overpaying by investing in a mortgage broker prior to investing in your holiday home.

Sometimes, you can make money even more from vacation homes by letting your property out in your rental property management company. This is a good idea because not all tenants are happy with a landlord who comes around every month and takes their money. This way, you can find a new tenant who can keep up the property and you don’t have to pay so much maintenance costs.

You can also make money from renting a property out during your break. if you own a holiday home in a popular area, you can often find a landlord who rents out properties during the summer months. A great place to look is the property management firm that has properties in popular holiday destinations, such as Brighton or even South Wales.

Another option that you can make money from renting out your holiday property is by advertising. If you buy a property for less than you should and let it out for more than you should, you can make more from the difference between the value of your property and what you would have to rent it out for two tenants.

There is also another way that you can make money from renting out your holiday property. If you can get other people to buy your holiday home for you and then lease it out to them, you can then make some money from the difference.

When you buy a holiday home and let it out to your family, you have no responsibility whatsoever, except for the maintenance of the property. However, when you rent out a home, you have the responsibility of making sure that the house is in good condition.

For example, you can make money from renting out your home to tourists in order to buy a home in a location with lower rent for you and then use this money to buy a new holiday property in the same area. This is a great way to start making money with holiday homes in South Wales or elsewhere. However, this is also a good way to make money from renting out holiday homes in countries such as the Cayman Islands, which is known for cheap holiday homes. All you need to do is buy your first holiday home at a location in the UK where holiday home rental costs are lower, and then use the profits to buy another property in the same area for your family.

15 Easy Ways to Decrease Your Car Expenses

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Would you like to know how to lower your car expenses? 

Figuring out how to cut down on your monthly car expenses might have eluded you of the excitement you first felt when you got your car, but the good news is that there are ways to spend less, and we can help you find out how.

Without further ado, here are 15 easy ways by which you reduce the cost of running your car without losing out on its comfort and safety features:

1. Leverage On Car Insurance

If your car insurance is where your biggest expense lies, then you should discuss it with your insurer and seek ways by which it can reduce.

In a situation where there is no alternative means of reducing your car insurance premium, an expert advisor from the AA Insurance suggests that you should compare the benefits and quotes of your insurance policy with other Insurance providers before renewing your quote.

 That way, you’ll be able to make an unbiased decision in your interest.

2. When Your Car Is Cold, Drive Carefully

While looking to reduce the cost of running your car, one way to go about it is by keeping your engine warmed regularly.

When the engine is cold, it affects the efficiency of your car, and it won’t be long before it wears out the engine- which is one expense you’ll prefer to avoid.

3. Petrol Or Diesel, Which Is Better?

The answer to this would depend entirely on the number of miles your car travels in a year. 

If you are an avid traveler and you cover more than 10,000 miles in a year, then a diesel-powered vehicle will help you save more money. Any distance less than this should be covered by a petrol-engine car.

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4. Give The Accelerator A Break When Starting Your Car

Gone are the days when you have to suppress the accelerator when starting your car.

Times have changed, and with the models available today, you’ll only need to ignite the engine and be on the go. So, give the accelerator a break, and it’ll reduce the stress on the car engine.

5. Choose Your Car Tyres Thoughtfully

Do you realize that a quality Tyre can help to economize fuel? 

Hence, when you have to buy a replacement for your car, invest in quality tires that can serve you for much longer; and are fuel-economical. You’ll save more that way.

6. Maximize The Cashback Option

A vehicle needs steady fuel to run; hence you should maximize opportunities that help you save about 5% off your fuel purchase. 

The cash back option is one such, with providers such as Tesco and American Express. The small return percentage will lower your car expenses.

7. Gauge Your Car Tyre

Leaving your car Tyre unchecked will cost you far more than when you decide to gauge it. 

When your car Tyre is under-inflated by 15psi, it can consume extra fuel, up to 6%, which isn’t fair on your savings. Hence, maintain a balanced pressure.

8. Take An Advanced Driving Course 

Hypermiling is a term used to describe the art of Driving economically. Drivers who are knowledgeable on this subject can drive in such a way that lowers their premiums. 

Taking an advanced Driving Course isn’t old fashioned, and you should use it to your advantage.

9. Get A Mobile Device Holder

In most countries, using a hand-held smartphone while driving is a big offense. You might have to pay a fine of €200 with 6 points on your license.

A smartphone holder costs far less, and you wouldn’t have to hold your phone. It’s a smart way to save costs.

10. Purchase Car Parts Yourself

It’s okay to overlook the extra charges from your car dealer, but when you need to review your expenses, you might need to get involved in the replacement of your car parts. 

Get a quote from your car dealer but make your findings online, and at your local stores, you might end up very surprised at the difference in the quote.

The good news is that this time the extra money will be yours.

11. Wash Your Car

Do you have free hours during the weekend?  Instead of driving off to the car wash center, maybe it’s time to save that extra money by doing the washing at home.

 Give it a try and enjoy yourself while at it. 

12. Avoid Exerting Your Windscreen Wiper In Winter

At the start of winter, you’ll find frost build up on your windscreen, but do not make the mistake of turning on the windshield wiper.  Instead, use a de-icer, as it is more affordable and a better means of cleaning the ice.

13. Premium Fuel

Don’t get distracted by those who say it takes a premium Fuel to improve the performance of your car. It’s mostly a false assumption

Premium Fuel contains higher volumes of octane and cetane, and they are used in performance vehicles.  Don’t spend more on premium Fuel.

14. Be Observant

Take note of the price per liter in the petrol stations on your way out.  You might find one where the price is lower. That’s another way to reduce your fuel expenses.

15. Include Family Members In Your Car Insurance

That is a smart way to reduce your premium: Add a member of your family as a named driver. However, ensure that he/she has experience in driving so that you do not incur more expenses.

Follow these easy ways, and you would be amazed at how much you’re able to save off your car expenses. It’s a Win-Win result!

What is a Business Continuity Management

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Business continuity is one of the key components that companies use to ensure that their most common workspaces are accessible to customers, customers, suppliers, and suppliers. Many companies have set up a business continuity management department for this purpose, while many other activities are outsourced to professional agencies.

What is business continuity management?

Business continuity management involves developing plans and strategies that provide security and protect the operation for business activities or processes that, if disrupted, could otherwise cause serious or potentially fatal damage to a business.

Business continuity management strategies:

The Business Continuity Management Strategy (SCMS) reaffirms the company’s commitment to identify and document all procedures and processes that must be applied, maintained, and tested to achieve the recoverable values ​​required by an organization.

This strategy should be planned so that your organization:

• -Defend or reduce the possibility of spontaneous descriptions of key business functions and services

• -Request access to information, procedures, and processes to achieve core functionality retrieval and replace location within the required timeframe

BCMS should always cover all important functions and units of your organization. Your strategy should have the following characteristics:

Business Continuity Management Structure (BCMS)

This structure is used for the ongoing administration of applications. This includes an executive sponsor.

Business Impact Analysis

This analysis should work for all units. These elements are very useful in determining all of the levels of continuity planning required by any entity.

Identify potential risky areas.

This area plays a very important role in your planning strategy. Potential risk areas should be identified as part of sustainability programs. The elimination of potential hazard points is justified by the possible effects of the failure of a particular hazard point.

Effective strategies need to be developed.

Strategies should be developed that reflect the needs identified in the business impact analysis. The strategy developed should be continually reviewed to ensure that they are useful as business needs change.

Continuity plans

Continuity plans should be developed, designed, and documented to ensure that strategies are easy to apply. Continuity programs allow critical business processes to be resumed in different locations at different intervals according to the business impact analysis. To create a well-organized business continuity plan, you can use the business continuity plan template.

Companies can set up committees to structure business continuity management strategies tailored to the company’s needs. There should be a committee and timetable for formulating the main plan, which will then be implemented. You need to identify, classify, evaluate, and use device strategies to deal with hazards. You need to analyze the impact of existing risks on trading and take the necessary measures to minimize technical, domestic, external, economic, human, natural, credit, market, and operational risks. By implementing protective measures and continuous monitoring, companies become aware of risk indicators and risk management to ensure business continuity.

Why you need to run a business continuity management plan.

This makes sense when the company needs to implement them, and they are written systematically. They are easy to implement, and who should do what is easy to understand. These programs must be tested and evaluated under realistic conditions. The success of a business continuity management plan lies in its precise execution and execution. Employees should be made aware of procedures and policies by implementing them and executing their plans to ensure they are taking precautions against hazards and responding appropriately if necessary. You need to plan how to handle the media if necessary.

Business continuity management plans are essential to minimize the business loss in the event of a disaster and ensure that they are running as quickly as possible. Some companies offer their help and services to run a smooth business.

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