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Office Cleaning Services With a Purpose

April 8th, 2016 12:40 am

Office cleaning services are required in a lot of regions. Both residential and commercial places get dirty and the owners are willing to pay cleaners to carry out the cleaning services. This is because many are engrossed with work and do not have the time to handle the cleaning needs required. The good news is that there are plenty of companies offering cleaners that one can choose from. Selecting a company that is geared at a mission to please its clients is a good decision since such companies offer quality services.

Domestic cleaners
These are sorely responsible in providing cleaning services in residential areas. It mainly involves residential maid service along with other cleaning services that are needed for the home. These maids can be dispatched to the clients location depending on the contract agreed upon. It could be for daily or weekly cleaning of the home. The type of cleaning offered is also specified by the clients. It could be general domestic cleaning or specialized cleaning which includes certain type of cleaning like carpet cleaning and laundry services.

Commercial cleaners
The commercial cleaning arena is quite different from domestic cleaning. Commercial cleaners mainly focus on janitorial services as the dominant cleaning mode needed. Janitorial cleaning usually encompasses more activities than those included in the maid services. Janitorial cleaning is normally offered on a day to day basis but in circumstances where clients need a different plan, cleaning companies are flexible to offer that. Commercial cleaners are usually skilled in handling cleaning needs in the business environment since this is a sensitive place of work.

What it takes
When you select cleaners to cater to your cleaning needs, you need to know that you are taking up services from an established organization that has been able to map up its activities and prepared for the challenging situations ahead. Those who take up the cleaning business have a drive to make an impact in the cleanliness of the neighboring surrounding. This entails employing cleaners who share the same vision. Having an adequately qualified team leads to the generation of good income that can help the business to grow.

Numerous established and reputable cleaning companies started from a smaller scale company and grew over the years while providing cleaning services. Using quality service delivery as a stepping tool helps bring up a profitable cleaning company with a huge client base. Having business skills also helps in making the company grow. Good business skills require you to have knowledge in the administrative requirements of the company. This along with time efficiency and good relations with the staff pushes a company forth.

Choosing to capitalize on the most sought after cleaning services helps a company to grow. This includes selecting a team that is qualified in the delivery of the commonly sought services and to ensure that they are effective in executing the cleaning service. With the cleaning company, the owner can choose either to go independent or franchise. While a franchise may help one establish the business and turn it profitable very fast, when it is firmly established and profitable, this option sheds its disadvantages on the owner. Independent operations on the other hand may prove tedious to get up and running. It may also seem to grow slowly. However, once it is profitable, the owner enjoys all the advantages it brings.

Top Tax Advice for Small Business Owners

April 8th, 2016 12:38 am

This usually happens because other activities, such as releasing a new product to market or getting new clients, always take priority for many start-ups and new business owners. There are also many cases in which professionals starting their own business don’t have the required skills or find it difficult to juggle with the many aspects of running a business on their own, such as sales, invoicing and chasing payments, IT maintenance, filing tax returns and keeping on top of statutory obligations. Considering all this, there is no surprise that almost half of small businesses in the UK worry about applying tax rules incorrectly, according to a February 2013 research from the Office for Tax Simplification (OTS).

The good news is, no matter how dull or complicated they might seem, tax returns are not that difficult to understand. Here is some key tax advice to take into consideration in order to properly manage your tax obligations.

Tax planning is essential

Efficient tax planning is vital for keeping your tax bill to a minimum, allowing your business to use the maximum of cash flow available to grow. Planning your tax liability is not some complex scientific process, but rather a way to be aware of the different tax obligations you have and know your options, depending on where you want to take your small business in the future. The key is finding the right balance between corporation, shareholder (owner) and employee taxation.

A tax efficient business structure

The structure you choose when setting-up your small business has consequences on your tax liability as a business owner. As an example, the higher income tax rate for self-employed business owners is set at 40% in 2013-14, with an additional rate of 45% for earnings exceeding the £150,000 threshold, while main corporation tax rates for limited companies is set at 21% for 2014. Depending on the net profit you are predicting for your small business, it is usually more tax efficient to operate as a limited company rather than in a partnership or as a sole trader.

The most tax efficient way to pay yourself

It is a commonly asked question among small business owners which of the two is the most tax-efficient way of releasing cash from their business: dividends or payments under the form of salary. In terms of both personal and company tax liability, dividends are always more tax efficient than salaries, no matter how much salaries would reduce your company’s corporation tax. On the other hand, salaries do have the advantage of providing national insurance contribution which give entitlement to a state pension and might be preferred by some business owners for quicker access to profits.

In most cases, a mix of low-salary (limited to the tax-free personal allowance of £9,440) and dividends proves to offer significant savings compared with an all-salaries scenario (up to 15% in tax savings, taking into account both personal and company taxation). This way you maintain benefits of both systems, while ensuring your business has enough cash flow to develop throughout the year.

Make the most out of tax deductions and allowances

It is as simple as that: the more tax deductible expenses your business has, the less corporation tax you pay. In order for tax deductions to apply, expenses need to be made exclusively in the course of business and recorded properly in your books. Here we can include pension contributions, travel expenses and mileage, telephone expenses and office equipment purchases, use of home as office, subscriptions to professional publications, journals and training.

Another way to look at reducing your tax bill is offering tax-free benefits to your employees, instead of offering increased salaries as incentives. Again, pension contributions, mobile phones, travel expenses and eye tests for your employees are completely tax deductible. Under certain conditions, you can also provide refreshments in the office, meal tickets, childcare vouchers or annual company parties with certain tax reliefs.

Take advice from a professional tax accountant

If you have any difficulty in calculating your tax liability or are in need of more technical tax advice, you can always go directly to the HMRC, ask your accountant or find a tax consultant that can answer all your tax-related questions. Tax accountants specializing in working with small businesses provide valuable tax advice in the sector and are also in a position to keep you up to date with the latest tax legislation and help you with your tax administration.

There is no need to struggle with your tax returns all by yourself.

Charles Crest is a UK-based financial consultant, offering tax advice and useful financial information on how to start and effectively grow your small business or startup. He is currently working with a team of tax accountants that provide accounting and tax services to small and medium sized businesses in London.