We all have responsibilities in life and tend to acquire more as we get older. One issue that often comes up once we’re in adulthood is that we have to help our aging parents to live their best life. It gets harder for them to do, especially in this society, so it’s up to us to step up. We can help them in various ways -- socially, emotionally, and financially. This last one … [Read more...]

If you run a business, you will probably know how important it is to be particular about returns and taxes. Despite doing everything right, you may still have to interact with the IRS once or more. Any interaction with the tax authorities is stressful, whether you are on the right side of the law or not. Tax matters are often complicated and you may not be able to handle … [Read more...]

Having an automobile accident is unfortunate, particularly when you get injured in it. The injuries could range from minor ones to the more serious, debilitating ones. The latter can even disable you temporarily or permanently, resulting in loss of employment and regular income. Fortunately, personal injury law comes to your rescue and gives you the right to claim … [Read more...]

Sometimes, improving your personal finances can be achieved by simply rethinking your regular habits. These are some life changes that could save you so much time and money.   #1 Budgeting on a regular basis. As we’ve discussed on this website before, getting your cashflow right can transform your personal finances. You should start budgeting on a regular basis if … [Read more...]

Life can throw us some unexpected curveballs. One day you are on top of things, the next you land up with a whole heap of financial problems. Often, these money problems come after a catastrophic life event, such as sickness, and accident, or legal issues. While these issues may well pale in comparison to the bigger problem at hand, they are still sizable issues in their … [Read more...]

There are some expenses which are pretty much unavoidable- the roof over our heads, the food on our plates, the utilities that keep us washed and warm and our homes well lit, and the vehicles that get us to work, to school or wherever else we need to be. And of course, the insurance that protects us if something is stolen or if we fall sick. These are the things that we … [Read more...]

MTD, which stands for Making Tax Digital, is an initiative from the UK government to “end the tax return”, by getting the smaller businesses to report regularly to the HMRC online, is continuing to gain a noteworthy momentum. By April 2019, any small business that is above the VAT threshold in the MTD (Making Tax Digital) scope, will need to adhere to the latest Digital Tax … [Read more...]

If your annual taxable turnover exceeds £82,000, you must register for VAT. If your turnover is lower, you can still choose to register for VAT, but this is optional. Taxable turnover is the sale value of products and services that don't fall into the VAT-exempt category. Postage, insurance, and health services are examples of VAT-exempt supplies. Before registering for … [Read more...]

As a responsible and fully-fledged adult, you’ll know by now that your money is perpetually on your mind. If you’re doing relatively well financially, then it won’t exactly plague your mind and worry you all that much. If you’re a pretty middle-of-the-road individual or family, however, then it’s something that you think about often. Money is one of the most important … [Read more...]

Nobody wants to find themselves in any kind of serious financial trouble, but chances are most of us will at some point be in such a situation. The truth is that it is pretty hard to go an entire lifetime without that happening, but that doesn’t mean that you shouldn’t try to do so as best as you can. In fact, if you are careful about it you should find that you can pretty … [Read more...]