Vijay Gandhi

  First-Time Buyer Scheme: Shared Ownership vs Help to Buy Explained Are you dreaming of owning your first home but feeling overwhelmed by the challenges of the property market? You're not alone. The first-time buyer scheme has become a lifeline for many aspiring homeowners, offering a path to affordable housing in an increasingly competitive market. As you navigate the world of property ownership, it's crucial to understand the options available to you through the first-time buyer government scheme. When it comes to making your homeownership dreams a reality, two popular options stand out: Shared Ownership and Help to Buy. These housing schemes are designed to give first-time buyers a leg up on the property ladder. In this article, we'll break down how each scheme works, compare the deposits and costs involved, and help you figure out which option might be the best fit for your situation. You'll also learn about the support provided by the government under both sch...

Running a small or medium-sized enterprise (SME) can be a rewarding endeavour, but it's not without its challenges. Among these challenges are common mistakes that SME owners often make. Here are some of the most frequent errors and oversights: Withdrawing Funds Without Proper Payroll Processing: One common mistake is withdrawing money from the business bank account without first processing payroll and submitting Real Time Information (RTI) to HM Revenue & Customs (HMRC). Taking Loans from the Company: Another pitfall is taking loans from the limited company, which can result in a higher tax burden for the company, typically at a rate of 33.75%. Mixing Personal and Business Finances: Using personal bank accounts or cards for business transactions, such as collecting receipts or making payments, can lead to confusion and complicate accounting processes. Lack of Mileage Tracking: Failing to maintain a mileage log for personal vehicles used for business purposes can result in miss...