Georgette Rowland Osborne Archives - Page 2 of 2

https://www.gov.uk/hmrc-internal-manuals/business-income-manual/bim47825

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

Home Office Perk – How to Get “Work from Home” Allowance

June 3, 2016 by Georgette Rowland Osborne

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This is another Grow Your Money (GYM) episode. Did you know the Tax Office lets you claim an allowance against household expenses for using your home as a work space?

Today I am going to go a little deeper into how it works and how to work out how much you can claim.

You will also hear

Why you don’t have to communicate with the Tax Office to take advantage of Work from Home Allowance
How to be clear about what “work related” actually means in terms of working from home
What bills you can include in your claim
2 easy methods to get to an amount to claim, plus 2 slightly more complicated ones
A free tool to help you calculate your entitlement easily

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=” Take advantage of Use of Home Allowance. Every little helps “]

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

If you would like some examples of to demonstrate different scenarios of how others have applied Use of Home go to your tax office web site and search for Use of Home calculations.

The link to the page for the UK one is on my site below.

I would give you the URL but it is one of those long, unmemorable ones, and I need to finish the show before midnight so I would suggest going over to the site, download your calculator and click the relevant link for more info.

Show Links & Resources

financialgymforbusiness.com/useofhome

http://www.financialgymforbusiness.com/29

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

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

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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

[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

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

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

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

Confronting Your Financial Truth – Lessons from the 12 Week Year

April 28, 2016 by Georgette Rowland Osborne

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Do you fail at sticking to your financial goals year after year? Or just sticking to your goals in general? I know how that feels.

“The reason sports is so stimulating is because we keep score” from The 12 Week Year by Brian Moran & Michael Lennington.

Usain Bolt did not just concentrate on breaking world records. He recorded what he did along the way. He kept score.

Today I am going to share with you some lessons that I learned from one of my favourite books of last year. I heard many entrepreneurs raving about how good it was so I invested in the Kindle and the audio. I have read it once and listened to it twice.

It is primarily a book about productivity, but it gave some fundamental principles that relate to how you approach your money that I had to share with you. This is my interpretation from the point of view of a business person.

You will also hear

Far from being demoralising, tracking money can be motivating if done right
Why if you want to know how close to your financial goals you are, you must track cash
Why you need to take the emotion out of managing finances as much as you can
The areas of tracking that I am poor at and had to work to improve
Lead Indicators and Lag Indicators, what they are and why you need them
How fixating on an overall business or financial goal can keep you stuck
Why you can fail even with a great plan

Disclaimer

[spp-tweet tweet=” Focussing only on an overall goal means you miss your incremental improvements “]

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.

You will not be surprised to know that today I recommend the The 12 Week Year Book. You can buy as a paperback, Kindle or audiobook.

It has had a great influence on how I approached my goals and that of my coaching & consulting clients over the last year or so.

There is also an official 12 Week Year website where you can buy training and coaching if you want to take things further. But not to do Brian Moran out of money, the book can take a long way on its own.

Show Links & Resources

The 12 Week Year Book

12 Week Year website