Archives for May 2016

Work from Home – Is it All It’s Cracked Up to Be?

May 20, 2016 by Georgette Rowland Osborne

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Today I am going to give some things you need to think about if you are planning to work from home. The good points, the not so good points and how it can affect you financially, and what could trip you up.

You will also hear

The pros and cons of being a home worker
Why your family can be your biggest saboteurs
How being mean to my husband helped my productivity
Why you may actually miss having a boss
Ways you save money by being at home
How your productivity is affected compared to going out to work
My take on the lack of understanding from your friends and family about entrepreneurship
Tips for not getting into trouble with the authorities

Disclaimer

This show, or any resources mentioned, is not a substitute for obtaining proper financial and or legal advice from a qualified professional who is familiar with your specific situation. Also be aware that the information contained may not be suitable for every person or organisation.

[spp-tweet tweet=” Don’t use energy trying to change opinions. Use your energy to take yourself seriously “]

Shine the Light

This the part of the show where I shine the light on great people and resources that you may find inspirational or helpful

With all that I have talked about today, one of the greatest barriers to being a happy and productive home worker is the simple (or so you would think) task of getting up and getting going.

Miracle Morning by Hal Elrod and the 5am Miracle by Jeff Sanders

Both have podcasts and of course websites with loads of and advice on the benefits, tips and tricks to get you up and productive in the mornings. And if you spend much of your time on Facebook, they both have Facebook groups you can join, with lots of people in the same boat, asking for and giving help.

There are links to both below.

Show Links & Resources

Miracle Morning by Hal Elrod

5am Miracle by Jeff Sanders

For guidance on whether you may have crossed the line from home office to business premises, visit

https://www.planningportal.co.uk/info/200130/common_projects/56/working_from_home

Download your 5 Tools to Freedom

Get the Book

How to Rate & Review a Podcast in iTunes

http://serialpodcast.org/how-to-listen (This is brilliantly done)

Risk Averse-Grow your Money Rules for Cautious Business People

May 13, 2016 by Georgette Rowland Osborne

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Entrepreneurship is going to have ups and downs, there is no way to avoid that. The following 5 rules will make your financial life more predictable and set you up to have a greater chance of reaching your financial goals. They apply to both your work and your private life.

You will also hear

What separates a financially stressed business owner from one that embraces life with confidence and hope
What could be worse than losing your business
Why owners of seven and eight figure businesses may still not have financial peace of mind
How honest, hardworking people are getting involved in fast money making schemes every day despite the risks, and why they are tempting.
Why having debt should not stop you from doing things you want.
The difference between Guarantees and Guaranteed and why one is a con
A simple tip for affording the big purchases

Disclaimer

[spp-tweet tweet=” Don’t wait until you are debt free to save-here’s why “]

Shine the Light

This is part of the show where I shine the light on great people and resources that you may find inspirational or helpful.

Today it is:

Get Rich Slowly It is actually a blog where people contribute the tips on what works financially. It was one of the first sites dedicated to personal finance that I kept up with. At that time the founder JD Roth was still the resident expert, but it was great for seeing how other people managed their money. Particularly when I was going through a rough patch, I was hungry for information.

It is a US site, so the products advertised won’t necessarily relate to you in the UK. But hey, you are not there to spend anyway, are you?

Show Links & Resources

Rich Dad Poor Dad author Robert Kiyosaki

Get Rich Slowly former founder JD Roth

Download your 5 Tools to Freedom

Get the Book

Subscribe to Podcast by Email

http://serialpodcast.org/how-to-listen (This is brilliantly done)

https://support.apple.com/en-us/HT201991

VAT Debt Help Story – Sorting out a Couple in Financial Crisis

May 6, 2016 by Georgette Rowland Osborne

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What happens when you are late registering for VAT, you have no accounts, not enough money, your accountant is not interested and you are worn out from running your business around the clock?

Today I am going to share with you a story about a couple in crises, financial crisis that is. If you have ever been in the situation where you have been ticking along in your business for a while and trading for some time. You know you need to get your VAT Registration, your payroll taxes, in fact your accounts in general sorted. In fact anything that will bring you into contact with The Revenue.

For whatever reason you just haven’t managed to get around to doing it yet and you are worried that the situation will come back to bite you on the “you know what”.

This is what happened to the man and woman I going to tell you about today. Their story illustrates what could happen if you don’t get on top of this.

I will tell you the situation and then I will give you my take on what they can do to put things right.

You will also hear

How your tax return for self-employment can trigger other tax departments and land you and your business in hot water for non-compliance
Why you should choose to be a limited company if you will struggle to keep on top of your accounts.
The importance of insisting on meeting with your accountant more than once a year
Minimum requirements for hiring an accountant
Why buying accounting software is not a problem solver for poor accounts and money management
Where to go to for more help and advice

Disclaimer

[spp-tweet tweet=” Accounting software is not a destination it is merely a form of transport “]

Shine the Light

This is part of the show where I shine the light on great people and resources that you may find inspirational or helpful.

Today I want to highlight the fact that rather than a source to avoid, the Tax Office can be a source of valuable info and calling them up for general advice is not as daunting as it appears.

They are a much friendlier organisation than they once were, even if I believe they are less organised.

The links to some useful contacts points are below.

Show Links & Resources

Dealing with Tax Arrears pdf Giveaway

VAT General Enquiries – Call 0300 200 3700

Tax Office

VAT General Enquiry Online Form

Download your 5 Tools to Freedom

Get the Book

How to Rate & Review a Podcast in iTunes

http://serialpodcast.org/how-to-listen (This is brilliantly done)