What Are The Advantages of Care Home Property Investments?

A care home investment can be a stable way of earning a monthly rental income through a property investment. It is a long-term investment has great potential for high returns as well as providing the elderly who need specialist care with a luxurious place to stay.

What Is Care Home Investment?

Care home investments are a bit different to other mainstream types of property investment. This is because it is considered to be a commercial property, however it is used as domestic residences for private individuals. Therefore, these investments benefit from the currently high demand for UK residential property.

An investor will purchase a unit in a care home. This usually consists of a en-suite type of room like a hotel. Care home units on average range from £60,000 to £90,000 each. The care home will find elderly tenants to occupy the unit and the tenant will pay rent like a traditional buy-to-let. The NET yields for care homes are 10%, which is one of the highest yields out there on the property market. They are also long-term, and the contract can last up to 10 years.

The Advantages of Care Home Investments

care home investment

Care homes have several benefits over other more traditional types of property investments. If you have a portfolio full of residential buy-to-lets and you want to diversify your portfolio to spread your risks, then a care home property can do that for you. Even if you are a new investor and are looking for a long-term investment, or a place to live in retirement, then a care home investment could be for you.

Long-term investment – Care home investments last up to 10 years. After the 10-year mark, you have an optional buy-back option to sell the property back to the care home. Additionally, you can renew your contract with the care home company if you wish to keep investing for a monthly rental income.

The high demand – The number of over 65’s in the UK is increasing. The ageing population is creating a higher demand for privately funded care home properties. These numbers are forecast to grow in the years to come, making care homes a low risk investment.

Diversify your portfolio – You can spread your risks by investing outside of buy-to-lets.

Less risky than relying on the property market – The fluctuating and volatile property market can have bad effects on residential properties, but care homes don’t rely on the property market, allowing buffer time during property market dips.

Low maintenance – The care home will be managed by the staff hired by the care home company. The residents in the care home will also be taken care of by trained carers who are qualified in health and social care. You won’t need to get involved with the maintenance or patient care or the costs involved.

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All About Tax Investigations And What You Need To Do

What is a tax investigation?

Tax investigations are notorious for being bad news, but that is not always the case. Although tax investigations are often triggered by a suspicion of fraudulent activity or a discrepancy in your tax return figures, there are instances where tax investigations are carried out at random.

Most businesses may be familiar with routine tax audits and in more serious cases, a business may need to face a tax investigation.

Who carries out a tax investigation?

Tax investigations are carried out by HM Revenue & Customs (HMRC). When you are in the position of being investigated, HMRC will get in contact with you to let you know when you are going to be investigated and what documents you will need to provide them with. The information will come in a letter.

In the letter HMRC will tell you the nature of the investigation and why (if any particular reason) you are being investigated. Although, no reason has to be given to say why you are being investigated, however your accountant can explain to you why you are being investigated.

Reason for an investigation

Investigation can occur for a number of reasons. The main reason is if HMRC has a reason to suspect that you are hiding your income or not paying your taxes. You are more likely to get investigated if you:

  • Are in a HMRC target area
  • Are suspected of omission
  • File tax returns late
  • Have inconsistencies or significant variations between tax returns
  • Have costs that are unusually high for the industry you work in
  • Have a tip against you received by HMRC
  • Operate in a high risk industry that consists of regular cash payments

HMRC can also carry out investigation at random as a routine to make sure that businesses across the United Kingdom are being compliant to tax laws.

tax investigation specialists

What documents are involved in a tax investigation?

Every tax investigation is different and will depend on the nature of the investigation and the type of businesses. There are generally two different types of tax investigations, aspect tax investigations and full tax investigations.

As the name implies, a full tax investigation will be an enquiry on all aspects of your tax returns and income. Aspect tax investigations focus on a certain part of your tax returns and income. If HMRC are concerned with a certain aspect of a tax return they will only investigate that aspect if otherwise prompted not to.

Before a tax investigation HMRC can usually ask you to submit all records maintained by the business for the year your tax investigation is taking place. Some documents that HMRC may request will include:

  • Bank statements
  • Credit card statements
  • Chequebooks and paying in slips
  • VAT records
  • Sales invoices
  • Job quotes or estimates
  • Payroll records
  • Purchase invoices and expense receipts.

Depending on the type of tax investigation, HMRC may request some of the following paperwork but not all listed above.

How long is a tax investigation?

Tax investigations will usually last between 3 to 16 months. The duration of a tax investigation will depend on the extent of the enquiry. For aspect tax investigations, it can go from 3 months to 6 months. Full tax investigations will usually last longer which is up to 16 months.

When you receive the initial contact letter from HMRC stating that you are to be investigated, it is best to respond within he given time frame to avoid further action from HMRC. If you don’t respond, they can issue a Schedule 36 FA 2008 information notice. This orders you to produce documents to HMRC and if this is not met, you will face a monetary fine.

Getting a tax investigations specialist

Tax investigations can be stressful for business owners. It is a good idea to get some professional guidance if:

  • You have never been through a tax investigation
  • Don’t know how to proceed after getting a tax investigation letter from HMRC
  • Need extra support and advice from a professional in taxation and accountancy

It is recommended to hire an accountant or if you already have an accountant to consult them about the upcoming tax investigation. Tax investigations can be resolved by trusted accountants at Royds in London. From there they will be able to professionally assess the situation and the extent of the investigation and will also be able to help you produce the correct documents and get through the entire investigation smoothly.

A lot of times there is nothing to worry about when it comes to a tax investigation. Making sure that you comply with tax laws and making sure that you file your tax returns on time will help to avoid another investigation.


The Reasons Essex Accountants Save You Money Are Numerous

C&C Accountancy and Taxation Services
Accountants in Essex
88 North Street,
Hornchurch, Essex
RM11 1SR
Phone: 01708 471442

Essex payroll accountants are trained to handle money in personal and business finances so that people get the most efficient results. Accountants save you money by applying their knowledge in regard to your handling of your money.

Accountants have a record of every transaction that you or your business make, and thus are able to offer advice on spending patterns and taxes. One of the most important areas where an accountant can be of assistance is with your taxes.

Taxes play an important part of every individual’s or business’s cash flow projections and you accountant can help you to manage how the money is handled in regard to taxes. There are strategies that can be employed by your accountant that will minimize your taxes.

essex accountant

Accountants save you money by helping you to organize your business in the most advantageous way possible. Forup and run your business as a Limited Liability Company, or an LLC, and your accountant can evaluate your business and advise you accordingly.

In addition, accountants save you money by analyzing your day by day activities and can identify buying and spending patterns that could possibly be improved and will make your business more profitable. Sometimes the day to day issues in a business leave little time for the business owner to analyze things, and that is where a good accountant can be of great value.

The accountant can look over the history of transactions and see where better efficiencies could be applied in order to save money. There are many other ways accountants can save you money, as that is what they are trained to do, and in general they are very knowledgeable and proficient.

Top Private Funding Advantages You Need To Know About



Obtaining a grant fund for your business often determines the success or failure of your project. Some people struggle because they don’t know the ins and outs of each type of fund and can miss out on something they never even knew they needed. There are different types of funds, but this article will be going over the advantages of grants and funds, more specifically, private funding and public funding.


Private Funding Does Not Need Multiple Approvals

Possibly one of the biggest advantages of choosing a private funding company is that the grant recipient normally doesn’t need to wait for multiple authorisations from an intrusive management system to receive their awards. This makes the waiting time a lot less strenuous and it is a quick option for those who need funding in the short term.


Applying for a Private Fund is Easier

Private grant funding has a simpler qualification process and can potentially be quicker for the recipient to obtain their awards as opposed to those of public grants. For instance, a private fund may not make it a requirement to have a lengthy proposal to receive the grant money, whereas public grants more often than not require a lengthy proposal and an in-depth explanation as to how you plan to use the funds in order to receive grant money.


private funding


Fewer Applicants for Private Grants

With fewer people applying for private grant funds, there is an increasing chance that you will receive a grant reward for your proposal. Public grants funding agencies receive many applications, but due to the nature of a public sector, only a select few can be chosen to fund.



Although private funds are the more intuitive way to go if you want a grant quickly, like anything, there are downsides. Since private grant institutions are not held accountable for their actions by other legislatures and voters, applicants may get turned away and face problems with project support. The institution also has no responsibility to tell you why they denied your proposal, which is a requirement for publicly funded grants.

The Application Process: Credit Score

Credit ScoreApplying for credit can hinge on one number: the credit score. A high credit score translates into a significantly better chance of being approved. A low credit score means, well, the odds aren’t good.

Applying For Credit

When a small business is getting ready to apply for a loan, the credit score should be one of the main focuses.

Of course, there are a lot of other things to prepare for, including composing a strong business plan, getting financial statements and tax records in order, and filling out the application as to why credit is needed and how it will be used.

The credit score is an integral part of these considerations.

A business plan must take into account the company’s ability to obtain funding and at what rates. A high credit score not only increases the probability of getting credit, it also helps obtain more favorable lending terms.

A company’s credit score is, in part, a reflection of financial performance. A lender will run a credit report on a business in the application process.

This is to determine if the company has been a reliable servicer of their obligations.

The ability to make timely payments shows through in the credit report, and a high credit score reflects financial strength.

Credit Score

Businesses should begin managing their credit report and credit score immediately. This doesn’t mean start working on getting a better credit score during the application process.

A high credit score is achieved over time. Small businesses need to take the necessary steps to build a strong credit profile right away. This way, when the time comes to apply for credit, businesses have a good credit score in their pocket.

Of course, startup small businesses may lack credit history that is needed to earn a high credit score.

Also, other businesses simply might not have all that great a credit score. In the application process, these concerns must be addressed. The reason why the credit score isn’t as good as it should be absolutely has to be explained.

Furthermore, the business must inform the lender what steps are being taken to build and improve the credit profile so that a good score will one day be achieved.

Online Credit Monitoring

The advantages that small businesses get by being able to check an online credit rating are many.
Businesses trying to get credit, are actively preparing, or thinking about obtaining financing, as well as those that are looking to manage risk, should take advantage of online credit monitoring.
online marketing

Prepare For Success

Credit monitoring is one of the most powerful tools that small businesses have. In terms of self-monitoring, online tools help businesses:

Review the credit file for accuracy
Stay on top of changes to the credit file which may impact the ability to get capital

Create a strategy to build, maintain, or improve a credit score
Learn who is running inquiries on the company
Protect against identity theft

Credit monitoring is great for assessing external businesses too. Some businesses make the mistake of quickly checking another’s online credit rating, for instance, and then falsely assuming that the other company will never experience difficulties. Credit monitoring helps:

Check and monitor current relationships
Determine if a company is experiencing financial trouble
Diversify supplier relationships if existing suppliers are becoming unreliable
Avoid financial conflicts by identifying problems early on
Reading Into A Rating

An online credit rating reveals a lot about a company. It is primarily a measure of risk. Companies with lower credit scores are generally riskier compared with those that have high credit scores.

The purpose of the credit score is to provide businesses with a way to quickly assess the reliability of another company.

Of course, there is a lot more information in a credit report than just the credit score. The credit profile details a wide range of information and data about a business.

Most of that information is then inputted into a model to determine the company’s credit score. Credit monitoring allows small businesses the opportunity to assess, not only the credit rating, but all the other information that goes into the calculation.

Repair Credit Before Applying

Credit ApplyingA small business that is applying for credit must diligently work to repair their credit profile in advance. Lenders use a company’s credit score to determine if they will extend credit and at what terms. Going into an application with a poor credit score really reduces the probability of being approved, while a good credit scores increases the chance of qualifying for a loan or credit line.

Credit Report Repair Services


How can businesses improve their credit before applying for a loan? The answer to this question depends in large part upon how much time a business has before they need to apply for a loan.

In many cases, a business will need funding right away. Emergencies, such as supply disruptions from a lack of inventory or the inability to meet payroll, could necessitate immediate action.

There are a few things a business can do to potentially improve their credit score in a very short period of time. They can:

Review the credit profile and dispute any errors or omissions
Contact creditors where the account is beyond terms and ask for an extension
Negotiate higher credit balances on heavily drawn accounts to improve utilization ratios.
In reality, there are few short-term fixes. A small business is much better off initiating credit report repair services well in advance of applying for credit. Building a good credit score involves:

Opening credit accounts and establishing trade relationships
Making timely payments on those accounts over an extended period of time
Avoiding using too much credit with a single creditor
Limiting inquiries.

Not having any liens, collections, or judgments against the company
These simple credit report repair services will put businesses back on the right path to earning a good score.

Armed with a stronger credit profile (along with a comprehensive business plan and all necessary documentation and financial statements), applicants have a much greater chance of getting the credit their small business needs.

Benefits of a Merged Credit Report

A merged credit report is simply a combination of reports from multiple credit reporting agencies.

Credit ReportNormally, when a report is requested from a credit reporting agency, a single credit report is produced.

That single credit report represents the information collected and maintained by a single credit reporting agency.
A merged credit report puts together the information collected by multiple credit reporting agencies.

Why Merge?

The purpose of merging a credit report is so that a credit account holder can easily see all of the information that multiple credit reporting agencies have collected.

This is advantageous for one reason in particular. Credit reporting agencies do not share information, and so each one can and will have different information.

Consider a hypothetical scenario where a credit account holder makes a purchase on credit. The seller is the data furnisher providing the history of this transaction to the credit reporting agencies.

If the seller only provides this information to one of the credit reporting agencies, there will be an incongruity of information.

The impact can be dramatic. If a credit account holder is making timely payments to creditors, but data furnishers are not notifying all of the necessary credit agencies, the result may be vastly different credit scores by agency.
Credit agencies that have accurate, up-to-date information will more fully reflect the actual credit score of a credit holder.
This is in contrast to those reporting agencies that do not have all the information, and thus do not have accurate credit scores.

Another benefit of a merged credit report is that the credit account holder can streamline their credit monitoring policies.

Instead of having to run multiple credit reports, a single merged credit report reveals all of the information in a side-by-side format that enables easy comparison.

The format of a merged credit report is essentially the same as that of a single one, only multiple sets of information are displayed. These advantages make merging credit reports worth considering.

Unsecured Business Line of Credit

Unsecured Business Line of Credit: What Is it and Do You Need One?

business credit
What is an unsecured business line of credit? Naturally, it’s an unsecured line of credit that is used for your business, but what exactly does this mean, and do you need one?

When you’re trying to make a business work, you need every advantage you can get, and an unsecured business line of credit can really come in handy in certain situations.

Here’s the information about what an unsecured business line of credit is, how to know when you need one, and how to get one.

What Is an Unsecured Business Line of Credit?

A line of credit is an amount of money made available to you by a lender that you can draw on at any time, up to the limit of the line of credit. When you apply for a business line of credit, you make it clear that you will be drawing on this money in order to keep your business running.

Lines of credit can be better than outright loans because you can take out, and subsequently pay interest on, only the amount of money you will need. An unsecured business line of credit is a line of credit offered to you by a lender without any collateral put up against it.

That is to say, if you should default on the money borrowed, the lender cannot seize any of your assets to pay the amount owed.

Do You Need an Unsecured Business Line of Credit?

Hopefully you do not need an unsecured business line of credit right now. The time at which you would need an unsecured line of credit for your small business is if you do not currently have sufficient equity in anything you might use as collateral. This can happen when a business is overextending itself a bit in order to follow through with a necessary expansion, or when the business is trying to weather a downturn in the economy. At times like these, some additional financing may be needed to get the business through. This is when an unsecured line of credit can really come in handy.

Can You Get an Unsecured Business Line of Credit?

If you want to be able to get an unsecured line of credit when you need one, the time to start preparing is now. A lender will only extend an unsecured business line of credit if your business shows a top business credit score (they will usually be looking on the PAYDEX scale, provided by Dun & Bradstreet), and your business credit profile shows a history of responsible borrowing and timely payments.

If you anticipate that you may someday need an unsecured line of credit, your best move will be to order your business credit report and score today to see where you stand.

If your score isn’t high enough, learn what you need to do to boost it. This is usually simply a matter of making your current payments to creditors earlier. If you monitor your business credit profile consistently now, you’ll be prepared when you need that line of credit.

Looking Up an Online Credit Rating

Being able to find credit information online is a huge plus for small businesses. This enables real time and continuous credit monitoring and risk management that might not otherwise be possible if businesses had to wait to speak with someone during regular hours or receive updates in the mail.


To self-check an online credit rating, follow these steps:

Register with a major business credit reporting agency. This can be done by visiting a website like www.dnb.com and enrolling. Small businesses will need to verify they are the legitimate owner by filling out the necessary forms.

Once this process is complete, small businesses can sign up for active credit monitoring. This option lets businesses check their online credit rating at any time. If active credit monitoring is not selected, businesses can elect to run individual credit reports to monitor their credit rating.
Review the credit report and look for the credit rating. Finding the credit rating on the credit report is pretty easy. Most credit reporting agencies prominently feature the credit score near the top of the report.


To check another company’s online credit rating, follow these steps:

Similar to running a self-credit check, small businesses can find the credit rating of other businesses. Instead of running a self-report, simply enter in the business information of the desired company. To select the appropriate company, obtain the name, address, and any other information that might help identify the business. Optimally, obtain the company’s federal employer identification number.
Run the report and look for the credit rating near the top of the report.
Additional insight might be gained from running a credit check on a small business owner’s personal credit. The reason is that many small businesses with little or no credit history use the personal credit of business owners. In this scenario, it would be very important to know the financial strength of the business owner since their credit situation directly impacts the business.