Tweak Your Biz » Finance

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…

Fashion start-ups are products of love and passion. They are channels of creativity and platforms for expression. But like any other business to succeed, a fashion start-up, too, requires adequate funds to sustain itself and grow. In this post, we look at feasible and smart ways to fund your business and overcome the initial financial hurdles. #1. Angel Investors Who could be better investors for your start-up than those who are business tycoons and understand economics like nobody’s…

A certain amount of mystique will always surround trading strategies in the Forex market, however if you’re new to trading and are looking for successful strategies that you can begin to implement into your Forex trades, it’s important to understand that there is no single, magical formula for trading successfully. One example is to think of the Forex markets as being the ocean, and you are the surfer – in order to surf successfully, a lot of patience, talent, practice, proper equipment…

Many people love the idea of turning around a business that is struggling or is in debt. Why is this attractive? People often think that if a business is in trouble it is the fault of management and if they can just go in and sort it all out then they can make a fortune as the business they will buy will be cheap. They also believe that if the debt is written off in an administration then they can just take over and carry on. Whilst they are correct that often businesses do fail due to poor…

In the recent years, the internet has grown into a virtual world with endless possibilities. You can now shop for clothes and shoes, buy groceries, and even kickstart your own business, all online. Many banks and financial institutions have taken advantage of this trend and begun to offer their services through online portals as well. Now, applying for a loan online may seem like a far-fetched idea, but this facility is available at present across all major financial institutions, and it would…