Tweak Your Biz » Finance

Your financial plan and  stability should be balanced, in fact, what you earn should, ideally, outweigh what you spend. This surplus income can be spent, deposited, or invested in exciting prospects which could multiply your savings exponentially. But what happens if you face an unforeseen emergency? A lot of circumstances often call for immediate cash at your disposal. Even expenses like home renovations, an impromptu vacation, or a lifestyle purchase could require you to shell out a large…

People just starting out on the way to building up their investments are often at a loss about where to begin. What should one start out with? What general strategies should one employ? Should one hire brokers or do everything on one’s own? These are just a few questions new investors ask themselves. The truth is, investment is more of an art than a craft, and there are hardly any rules that are set in stone and are correct in 100 percent of cases. However, there are some principles that a…

There’s an old adage about data analysts — they’re known for spending much more time preparing data than actually studying it. Sadly, this jab can be an unfortunate truth for many businesses entering the big data game. But for any company that offers lending or financing options to its customers, it’s imperative that the data collected is fully understood. That’s the only way to make good decisions about customer lending. Just as importantly, it can help build trust with customers who…

If you have never applied for a commercial mortgage loan before, you may have the misguided idea that this is not too different from a residential mortgage. This is not so. Unlike most residential mortgages, commercial business loans are not backed by a loan guarantor like Fannie Mae. This makes them inherently riskier for the lending institution. Thus, commercial lenders have no real choice but to be more conservative in their lending practices. In practice, this means they charge higher…

By definition retirement is supposed to be the period of relaxation and rest, the time when you no longer have to undergo the pressures of work in order to ensure your survival when you can do things you didn’t have  the time, money or opportunity to do before. Yet all too often, this time is spoiled by worries about money, relocation and deciding on the best way to use time. Primarily these problems are caused not by sudden changes in one’s position, but by lack of planning earlier in…

There’s a huge range of alternative finance available nowadays, with new products and specialist lenders appearing all the time. Peer-to-peer lending is the best-known by some margin, with the likes of Funding Circle, RateSetter, CrowdCube, Zopa, and many more offering to match investors looking for a better return with businesses looking for funding. Compared to alternative finance as a whole, peer-to-peer represents a small fraction of the market — yet it receives a disproportionate…

I won my first freelancing job when I was 19. I had to write a bunch of travel articles for five bucks a pop. It wasn’t much, but it was a start, and more importantly, I considered it a temporary solution. Orders started rolling in and within the span of two years, I was making more money than my parents. I didn’t care too much about reading any financial tips. Working on my own and being financially independent felt great. When you’re a 20-something-year-old with a decent income you…

According to HMRC, businesses who have opted for UK VAT registration should keep all records of their purchases and sales. Businesses should also keep an isolated VAT summary known as a “VAT account” and provide authentic VAT invoices. Let’s go through these three issues of VAT record keeping in more detail. How the VAT Records should be kept The seller should keep his/her records of VAT for a minimum of 6 years. If s/he uses VAT MOSS, the records should be kept for a minimum of 10…

There is enough risk involved in today’s trading markets without having to fear that invested funds could simply disappear. So how does a trader really know if their money is safe? With the collapse of both MF Global and PFG Best, it is certain there are no guarantees. Due to the unscrupulous practices of both of these companies, the industry has definitely suffered a blow. What can be certain is that finding the answer lies in the gathering of information. How about a look at some risk…

If your business requires a loan of more than a few tens of thousands of pounds, it’s almost certain that you’ll be asked to provide security to your bank. This has led to some cynical commentators to remark that high street banks act as little more than pawnbrokers, and for many fast-growing sectors such as technology, media, recruitment and business services, the banks’ approach is particularly unhelpful. Companies in these high-growth sectors rarely own significant assets such as…