Partner Article

Money Saving Tips From DealJungle

Keep An Eye On Tax

Don’t overlook crucial tax deductions. In addition to being able to deduct a portion of your rent or mortgage interest and utilities as business expenses, you can also deduct a percentage of various home-maintenance expenses, along with a portion of the cost of services such as house cleaning and lawn care.

If you have the patience of a saint and can tolerate jargon then check out the HMRC website. There is lots of useful info to be had which can help you make significant savings in the long-run. Alternatively check with a knowledgeable tax adviser for more information.

Would You Benefit From An Umbrella?

In the same way that an umbrella can save you from getting wet in a rain shower, an umbrella company can protect you against incurring extra costs for your business. These companies take over the administrative and legal responsibilities of managing your employees, effectively becoming “employers of record.” This translates into lower HR costs, reduced tax bills, better benefits packages for your employees and reduced legal liability for your company.

So, not only will you be saving money, you’ll be freeing up time which would otherwise be spent on administrative tasks and may even benefit from happier employees in the process.

Use Fire Sales

For every successful business there is going to be several unsuccessful ones and so fire sales are - especially during a tough economic climate – often commonplace.

Whilst nobody likes to see a fellow business suffer you can pick up a bargain by picking up items for your firm at a significantly reduced rate. Keep abreast of how competitors are faring – after all they’re the most likely firms to have items of benefit to your business – and be ready to get in quickly with an offer if the opportunity arises.

This was posted in Bdaily's Members' News section by Tom Michaels .