Merry Christmas everyone...time for a light hearted post me thinks....see you all next year.
Renting out a property? This video explains how you need to tell HMRC and what expenses you can claim against the income. What to do with losses. Minimise your tax bills. See....we're not just bean counters!!!
3 good tips...I'd add to the domain name idea..if you can get an exact or partial keyword match domain then I would.
Here's some more tips I found around the web... A few wise words here....not sure my wife would be happy with 16 hour working days. How many hours a day do you all work? Taking care of loved ones is a top priority for most people, and writing a will ensures they’ll be taken care of when you’re no longer around. This gives people peace of mind knowing that the people they care most about will be financially secure once they have passed. Although recently a court case went in favour of someone left out of her mother’s will, granting her a substantial amount of money. So it begs the question, is the content of your will as safe as you think?
We asked our friends over at Plummer Parsons for their thoughts: Will I or won’t I Is it mandatory to have a will? No. Is it strongly advised? Yes. That’s the short answer, but once you realise the benefits of having a will it becomes a bit of a no brainer. By writing a will you’ll be able to leave behind strict instructions for who will inherit your estate. If you don’t it will all go to your next of kin, which may not actually be the person you want receive it. Meaning that there is a possible chance of the people you care about most in the world being left with nothing, and end up in a financial struggle once you’ve passed. So a will is ironclad, right? Now that you’ve written a will you can relax and not have to worry about it again, well unless a beneficiary does something particularly annoying enough to be removed. As it stands you can live out your days and all will be handled appropriately, or so you would think. In a recent case Heather Ilott, who was completely left out of her mother’s will, decided she had a claim on some of the £486,000 inheritance. She had eloped with her boyfriend at the age of 17 and apparently her mother wasn’t a very forgiving person, as she left the full inheritance to animal charities with no mention of Heather. After a long case the court went in favour of Mrs Ilott and granted her a whopping £164_,000 inheritance, which according to her mother’s will she had no right to have. It’s ironic that the man she ran away with at 17 and caused the divide between herself and her mother, is still her husband today, and will now also benefit from the inheritance. This has proved to be a significant case as it has raised a lot of questions about the validity of people’s wills. Now that someone who was completely left out in the first place has successfully challenged a will, what does it mean for the way in which wills are handled in the future? Of course the case of Heather Ilott is rare and generally unheard of, but it has definitely been an eye opener. It could be the tipping point to bring in changes in the way people are able to handle their estate, and who they’re able to leave it to. This is not to say you shouldn’t write a will, as it’s clearly beneficial to both you and your loved ones. |