Contractors Beware of The Personal Service Company

Being a contractor in the UK requires taking care of your own personal expenses and earnings. With this brings paperwork and the responsibility of managing taxes. Permanent workers don’t have this worry because most companies will have a dedicated finance department.

Before choosing to contract in the UK, the decision of either setting up a limited company, also known as a personal service company, or to simply use an umbrella company. Who will take care of all the tax issues, whilst providing additional benefits.

Both options are chosen on an individual basis, where normally umbrella companies are used for those choosing to contract short term. And limited companies being used for long term contracting. This is because tax savings can be much greater, but will require additional work.

So, What Are Personal Service Companies?

As previously mentioned, when choosing to set up a limited company is usually the result of a contractor seeking to benefit from tax savings and therefore increasing their take home pay. This is possible because limited companies enable contractors to be outside of the IR35 legislation. It is under this company that contractors will be working under, during any client work.

The tax efficiency of limited companies works by splitting a contractors income between their salary and dividends. This results in the contractor not having to pay national insurance contribution in their income. It s also essential for any freelance contractor to use a limited company or umbrella, otherwise no client would employ the contractor.

Here is a quick highlight of the benefits gained when working through a personal service company:

– Can be the most tax efficient way of earning,
– You become your own boss,
– In control of when and where you work,
– Ability to claim expenses,

In 1999 the term ‘personal service company’ was created, by HMRC, shortly after the introduction of IR35. But unfortunately the classification of what can identify limited companies as being a personal service companies is limited. This allows HMRC to be flexible during tax investigations.

The Problems That Exist

Unfortunately for those using this form of managing their payroll, they can often be viewed as attempting to dodge tax. Amongst negative press regarding this issue, the HMRC may be set to introducing new legislation on their use. The new legislation would treat contractors as though they were an employee, therefore requiring to pay national insurance and tax at the source, by their new ’employee’.

This could be a major problem for a large majority of those contracting long-term in the UK. For those currently with an umbrella company need not worry. Although this is an issue that every contractor should be aware of for future reference.

Reasons Why People Give Gifts

A month never passes when there isnt a need to buy gifts. While it is sometimes easy to find what is suitable, but there are a lot of occasions when nothing just seems to fit. For these reason, Gifti.us is a terrific resource that will help you decide what you will buy as a gift. But what are gifts and why do we take so much pain buying one for our loved ones?

A gift or a present is the transfer of something, without the need for compensation that is involved in trade. A gift is a voluntary act which does not require anything in return. Even though it involves possibly a social expectation of reciprocity, or a return in the form of prestige or power, a gift is meant to be free (Wikipedia).

By extension the term gift can refer to anything that makes the other happier or less sad, especially as a favor, including forgiveness and kindness.

But why do we give it? Here are three reasons why.

To commemorate an event or celebration. Events like birthdays, anniversaries, mothers day or fathers day usually necessitate gifts be given to the person concerned. While presence on the event or celebration is more important than the present, giving gifts appropriate for the occasion seems to confirm that we are indeed co-celebrating the joyous revelry with the celebrants and his/her community.

To show the other person how important he/she is to you. More often than not, gifts acquaint its recipient to the deeper emotions of the giver. We give gifts to children not only for the obvious reason that we love them but also for the joy of seeing them excited and delighted by their holiday surprises. Seeing your loved one happy or appreciating the gift that you just gave ripples the effect that lasts a very long, long, long, time.

To share a part of us to the person who receives the gift. But more then just giving something, gifts, when given to its recipient, takes a small part of ourselves with it. It brings with it our hopes, emotions, expectations, interests and values. The gift serves as a recognition of our interests, values and emotions of the other exactly the this we love about them that actually allows us to forestall the reaction both from the gift and from the fact that people are indeed appreciating what is essential to them (recipient).

So, if you need gifts for any occasion and you want your gift to hit the mark with the recipient, visit Gifti.us for gift suggestions on any occasion.

Choosing the Right Valentine’s Day Gift for Her

Choosing the right Valentine’s Day gift for her can seem like a laborious and mind-boggling process. The goal in finding the right gift is one that has a perfect fusion of appealing to her unique qualities and illustrating your affection. It’s a tough balancing act, though an imperative one.

When buying the precise Valentine’s Day gift for the special lady in your life, here are a few things to keep in mind:

1) What are her interests?

Common sense it seems like? You don’t want to buy her a golfer’s gift if she absolutely hates golfing or a business gift if she’s not working, right? After all, when purchasing a gift for a girlfriend, wife or other special someone, you want to ensure she actually likes it. This is extremely important.

2) How long will the gift last?

When it comes to Valentine’s Day, this is a topic not many people think of. Though many women love to receive the traditional flowers and chocolates, having a timeless gift (one that can last for many years) is much more significant than flowers, chocolates, or other time-sensitive goodies. Don’t get me wrong, flowers and chocolate are important Valentines components, but over time, such gifts have become less and less memorable. On the other hand, gifts like a jewelry box, tealight candle holder, or a purse mirror are ideal timeless gifts that can not only signify Valentine’s Day, but gifts that she can use day to day.

3) How should I deliver the gift?

Before thinking about the right Valentine’s Day gift delivery presentation, you must make sure that her special gift comes before or on Valentine’s Day. Unfortunately, what good would a Valentine’s Day gift serve if your special lady receives it once it’s too late? Sure, she may still appreciate the gesture and the gift, but you’ve already lost half of the battle of when you really think about. Additionally, the actual delivery of a gift is just as important as the gift delivery timing, as well as the gift itself. The key details, such as specific wrapping and location, are important elements to a perfect Valentine’s Day gift delivery.

Giving a gift is like giving a gift from the heart — not all of us have the same hearts, so why not give a personalized gift that signifies yours and her unique heart? To all the men out there: sons, boyfriends, husbands, uncles, grandfathers, and dads — go and get a head start and make your special lady smile on Valentine’s Day. Just like Santa said for Christmas, -make a list, and check it twice!-

About Author: MemorableGifts.com is your premier provider in personalized gifts.

How To Make Money Online Without Investment Starting Today

This article will share with you how to make money online without investment. Everyone wants to earn ” internet money”. The best way is to do this is with no experience and with zero cost. Imagine this, you could have multiple sources of online income. This will increase your streams of income. Get rid of the myth that you need to own a web site, you must have online product to sell or you must acquire the technical skills or “internet savvy” for your to earn “internet money”.

You could still earn “internet money” if you are not a web designer or a marketing genius. You are still wondering how to make money online without investment? Explore the following ways.

1. Online Writing

You could certainly earn “internet money” if you love writing. There are article directories or websites which pay you money if you submit or contribute your writing to them. Explore these sites, for example, Helium, Hubpages, Squidoo, Snipsly and Info Barrel. Start writing and sharing and start making money online without investment.

2. Affiliate Marketing

This is the best online business model for a beginner online marketer. Basically, you promote some else’s product online and you get paid a commission by successfully done so. You could get the affiliate products for free at the affiliate networks. You could use article marketing or even blogging to promote the affiliate products.

3. Blogging

You don’t need to have a website and you don’t need to know about web designing for you to set-up and blog. You could even set up a blog for free within minutes and start posting. Place ads for free on your blog and you will get paid when the visitors click on the ads. You could even place your affiliate link on your blog and promote the affiliate product through your blog. Again, share you story, your passion or whatever interesting topics through your blog and earn money online without investment.

How to make money online without investment? Explore the above now and integrate online writing, affiliate marketing and blogging and start making “internet money”. Isn’t it wonderful for you to be able to earn money online without investing a single dime?

Small Business Computer Consulting Appropriately Setting Your Rates

In small business computer consulting, $100 an hour can be a reasonable and livable rate. Why can setting your rates at $100 an hour make all the difference in the world?

Take the $100 an hour and multiply it by 1,500 hours a year. This is reflecting a 75% utilization rate; or 75% of a typical forty hour work week as billable time. Now youre at $150,000 a year gross.

Salary and Affordability

As a small business computer consulting firm, you will want to take a third of the gross and plow it into sales and marketing. Therefore you can afford a $40,000 base salary for your sales account executive. So, of that one third of your gross small business computer consulting income, $40,000 can go to the base salary and $10,000 can go to related marketing expenses.

Additionally, one third will take care of taxes, insurance and overhead items for the most part, and you have a third of it or $50,000 left to pay a technical staff salary.

Surpassing $100 an Hour

You may be considering exceeding a rate of $100 an hour for your small business computer consulting firm. At that point, you can hit what we call the not-so-imaginary-hourly-billing-rate ceiling.

Needless to say, if your small business computer consulting clients are paying $110 to $125 an hour, it gets even easier to be able to afford really bright, motivated, highly qualified sales and technical staff.

Higher Rates Equal Bigger Businesses

However, if you want to charge above $100 an hour in your small business computer consulting firm, youll almost always need to move above and beyond sweet spot small business clients into really large small businesses, medium size businesses and enterprise-sized accounts that require a different business model and technical skill set.

Once you do that, youre going to be operating under a completely different type of business model. And you will need even more polished and seasoned salespeople to be able to handle those accounts.

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Entrepreneur Make It Big in Restaurant Business Is Now Venturing Into Internet Marketing Business

It is always inspiring to hear personal business stories of entrepreneurs who overcame all odds and doubts in venturing into business and make it big. Last Sunday, I just read about how a 35 years old Thai Express Founder Ivan Lee, who started his F & B business with $300K and eventually sold his controlling stake for a sizeable $114 million in the process netting himself $80 million.

What was even more impressive was Ivan had no background or experience in F & B business before he first ventured into his first F & B business. Despite all his doubters, including his family members, about the viability of his business when he first started, he persevered and carried on. Apparently, his father-in-law was also a successful entrepreneur who founded the contract manufacturing firm JIT Holdings and sold it to Fortune 500 company Flextronics for $1 billion in 2000. This deal netted the senior Mr Goh some
$300 million. When starting out, he had benefitted from the financial and advisory support given by his father-in-law, but, subsequently, he went against his father-in-law advise by venturing into other restaurant businesses which were highly successful and are now contributing about two thirds of the business turnovers. An element of luck also play an important part in his business success as he had opened close to 100 stores but about 10 to 20 percent of the stores were not profitable. So he was lucky that his first 10 ventures were successful which provided the cash flow for his subsequent business expansion.

He is now venturing into the internet market in China despite not being in the IT industry. When The Sunday Times journalist contacted him, it found the entrepreneur in Shenzhen, experiencing growing pains all over again. He says that his friends and family are again doubting his new venture. His remark was: “I am a rooke now playing in a much bigger league and I feel like I am nine years back, starting all over again.” This young millionaire is setting his eye on his next big venture where he wants to build the next Baidu (China’s equivalent of Google) or even the next Facebook.

Lesson learnt: To make it big in business you need to be bold, have perseverance and be unique and certainly having financial support from family helps and also an element of luck. He is certainly one hack of a brave entrepreneur!

My advise is learn about internet and social media marketing before plunging into the business and be better prepared for your business venture into the internet marketing world. I am making use of my internet skills to help develop and launch community websites Henley Brunel MBA Alumni (Singapore) and other commercial websites for corporate businesses.

Good luck to all of you out there running your start-up businesses!

Baby Shower Gifts – A Few Unique Ideas That Moms Love

Baby showers are a great diversion for expecting moms, while they wait in eagerness for their new little baby.

For those organizing the event, it can be a enjoyable setting up wonderfully themed baby shower decorations and preparing the seating and side dishes, along with the most essential element – the gift table. While all of the preparation is going on, the visitors are just as active.

Guests have their own little assignment and that is to compete with all of the other guests to find the mother and baby-to-be the coolest, most unique baby shower gifts.

Gone are the days when a few diapers, bibs, bonnets and booties were considered to be a sufficient gift. Although these are valuable baby gifts, they are lacking in fun, individuality and will quickly be forgotten by the future mom when her baby comes into the world.

So how does a visor make sure that their baby shower gifts are both not forgotten and cherished?
Easy, by making sure that the baby gift is practical, exclusive and can be used long after the baby has been born – a gift that will be around forever.

Personalized photo albums, wall prints that can hold the new born birth certificate or even personalized treasure boxes are excellent examples of original baby gifts that will keep on giving after the diapers and booties have gone. You may detect that all of the above baby shower gifts have one common denominator – they are custom-made. Cool baby shower gifts are those that look as though a lot of thought has gone into them which confirms that you really care. Not a baby shower gift that looks as though you have hopped in the car minutes before the party, gone to the mall and grabbed the first item that looked like a baby gift, then gone out to get a new hairdo.

But if you shop on the web for the ideal gift, you can be getting your hair done as well as have the perfect gift.

When choosing baby shower gifts that is unique, useful, personalized and completely cool, your imagination really is the limit.
So don’t just look for conventional, every day, run-of-the-mill newborn baby gifts that everyone else will be buying and bringing along to the party.

One final great practical gift idea is a baby sleep monitor. This will allow the mother-to-be to listen in case the baby starts to cry while the baby is sleeping. Sometimes practical gifts can be the most thoughtful ones of all!