Wednesday, 24 May 2017

Shareholders: Don’t Fall into the Dividends Trap

Very many owner directors of small companies across England and Wales are taking measures to reduce the companies’ overall tax and NIC costs by taking advantage of dividends to pay themselves a far lesser salary, which is typically around about enough to maintain their current state benefit entitlements and take any balance of remuneration from HMRC in the form of tax efficient benefits and dividends.

It has been established that HMRC themselves have noticed quite a lot of claims throughout 2016 and 2017 compared to earlier years and has commented that it would like very much to “understand” the rise of the dividend claims, and this has made quite a few good, future thinking accountants in North Wales pensive, and companies nervous. Of course, it should be stated that claiming dividends is not an illegal form of getting relief for yourself as an individual, or even assisting your business, but it should be noted that this form of obtaining relief looks very much on borrowed time.

Dividends at present are valid, useful ways of obtaining relief, as they are not a cost to the company. With this considered, dividends also don’t reduce the amount of profit which is readily available for distribution as a dividend – which can then become available to distribute to Shareholders.

The present rules on dividends is that no tax should be paid on the first £5000 of dividends received from all sources on a universal basis. The first part of basic rate brand incurs a 7.5% tax rate. Higher rate taxation is calculated at 32.5%, and 38.1% tax is payable on any dividends which form part of the additional rate band.

With the way the country could go at the General Election, there is a very real chance that the £5000 tax free allowance will be reduced to £2000, which makes very many of the dividend changes unviable.

Friday, 5 May 2017

Time Domain Seismic Imaging and Depth Conversion

Depth Conversion is a robust, but iterative process which can offer a good amount of uncertainty when it comes to working out what is below. If you’re using VelPAK or Kingdom IHS in order to determine your depth, then there is help with the form of Velit, a Depth Conversion Software plugin which is designed to offer vast libraries which can take into account most scenarios regarding depth conversion.

Velit is impressive indeed, and can offer a range of different scenarios regardless of the status of your potential asset. Whether it is marine or land based, and in a variety of different situations. Velit is also designed to be extremely user friendly and despite the fact that it’s a rather powerful tool with an expansive collection of libraries and methods, offers a far superior workflow which even straight out of the box is a major plus to running a vanilla version of Petrel or IHS Kingdom.

Using Velit can enable you to get a more accurate depth conversion, which permits the production of depth and thickness maps which depict subsurface layers – based on time domain seismic imaging. Robust and efficient, Velit allows for rapid scanning and determination of time migration velocity, the program itself running your data through repeated migrations in order to ascertain the most likely scenario, or by velocity continuation if you prefer. Time migration is considered best practise for seismic imaging in areas which mild lateral velocity variations.

Velit is a tool which is absolutely crucial for better depth conversions, and a much more simplified workflow for tasks such as hydrocarbon exploration which permits the volumetric evaluation of gas or oil. Furthermore, Velit allows depth conversion to be carried out as part of its interrogation of well data, with the option to allow seismic imaging to be carried out in addition, for extra peace of mind.

Oil and Gas Reserves and Resources Evaluations you can Trust

When seeking a professional service that you can rely on in terms of efficiency, speed and skill, it may be difficult to choose from a long list of suitors which want the business of your firm, and the name of your assets for their portfolios. Each and every il and gas reserves firm of course wants the name of a prestigious, high value asset on their portfolio, so you may find yourself drowning in a sea of professionals which claim that they can be the difference between a strong prospect study and a weak one.

That isn’t the case at all, as you might find. Established names rarely peddle for business, and Oil and Gas Reserves and Evaluation is a somewhat tricky field to even get into. When you’re looking at suitors, try to look for a firm with a solid base in respected organizations such as the society of petroleum evaluation engineers, as well as adherence to the SPE PRMS. Once you have a firm which can display relevance with these organizations, you’ll want to look at the firm’s portfolio.
Look for a firm which have experience of both generation of evaluation for public disclosure, and a firm which has experience of providing audits for confidential purpose. That way you’ll get the best of both worlds, a firm which can generate both private and public reports in order to suit the needs of your business as they arise.

Finally, you’ll want to select a firm with a strong background in public reserves and resources reporting. A good auditor background is optimal, and you’ll want a detailed and thorough account of the amount of E&P Companies of which your suitor has developed audits for. For the road ahead, it pays to have your Oil and Gas Reserves and Resources Evaluation Company have experience of factors and processes such as acquisitions, or divestments and mergers, bond issues, reserve based lending, as well as portfolio management.

You might feel that your E&P Company sometimes feels like a princess being wooed by a number of companies which are looking to make their fortunes. With proper research and proper care and attention at a preliminary stage, you’ll be able to find the Oil and Gas Reserves and Resources Evaluation Company that is your proverbial prince – without wading through a sea of frogs in order to do so.

Friday, 28 April 2017

Oil and Gas Exploration - Choose Experience

Oil and Gas Exploration and Appraisal is a very drawn out process, and it helps to work with a firm which has completed successful Oil and Gas Exploration projects throughout a period of very many years. Reputation counts when it comes to high value sites and minimising risk - as well as experience. You’ll likely need a firm which is capable of all manner of oil and gas prospect studies, including identification, risking, and also ranking.

ERC Equipoise is a London based company which has worked in many regions of the world in the field of Oil and Gas Prospective resource studies including experience in West Africa, both in pre and post salt environments, as well as the offshore Nile Delta in challenging deep water environments.

Their experience is highlighted by varying other operations. In the North Atlantic and Arctic, ERC Equipoise have completed a number of explorations of the ocean at a number of sites including the Barents sea in Norway, at offshore sites in Greenland, and the Grand Banks, in Canada. 

Furthermore, ERC Equipoise have a vast array of experience which includes the creation and compilation of complete and bespoke technical pieces of work which will help you and your company understand and derisk projects of all kinds including, but not limited to, basin modelling, seismic evaluation, and also geology studies.

ERC Equipoise have experience in advancing development - and they do so via a combination of methods including updating static and dynamic models with appraisal and infill drilling data, as well as working with these operational models in order to promote the understanding of facts which lead to best practise activity within existing assets. 

These of course are vital when making technical details to buyers, in order to effectively detail subsurface and commercial details.

With solid experience in exploration and appraisal evaluation, field development and operations support, ERC Equipoise are a solid asset in matters of Geocience evaluation, Reservoir and cost engineering, as well as Economics. 

Oil and Gas Exploration and Appraisal is a tricky business which is well known for its complications, but the help of an expert company is what can truly be what tips the scales for your project.  

Monday, 24 April 2017

Why Use Heating Oil in North Wales?

In rural areas of the UK, mains gas is not always available within households. If your home is not connected to the mains gas grid, it’s likely you’ll using either LPG, electricity or heating oil to keep your home toasty.

Heating oil in North Wales is a popular option amongst those without access to mains gas, due to kerosene being one of the most affordable home heating options.

If you use heating oil within your home, there are numerous advantages to purchasing from a regular supplier.

Purchasing heating oil from a single supplier means that they can offer a variety of ongoing services, which can often be tailored to your personal fuel usage. This can include payment plans, delivery schedules and remote fuel tank monitoring.

So what are the benefits of heating oil over alternative methods? Heating oil is stored within a tank which is installed outside your property. Unlike LPG gas where you typically rent a tank to store your fuel, heating oil requires you to purchase your own tank.

Whilst this one-off payment may initially seem more costly than renting a tank, it works out cheaper in the long run - as tanks typically have a manufacturer’s warranty of ten years.

Heating oil tanks are usually bunded, which means that the design essentially features a tank within a tank. This double layer improves the durability of a tank and reduces the risks of oil spills, so it’s always best to ensure you choose a bunded tank when making your initial investment.

Once your tank is installed and you’ve chosen a reliable oil supplier, there’s not much left for you to take care of. If you’ve opted for a remote tank monitoring service, it means you won’t even have to check your fuel levels. Of course, it’s always best to check your tank once a month for any signs of wear and tear.

Friday, 17 March 2017

Get the best out of your Employees with Human Centric Lighting

If you run an office environment, you’ll likely be familiar with drawbacks. While indeed a closed environment is perfect for tech companies, data companies and even down to everyday accountants and solicitors offices, the sight of employees forlornly gazing out of the windows and criticism of stark office lighting might be commonplace in your work environment.

Perhaps even, when the day is set to begin you’ll notice a few bleary faces and vague murmurs of tiredness across your office.

Even the most highly motivated individual might feel sometimes that they simply cannot keep their eyes open at points in the office, and to others, they may feel that office lighting is so stark, they simply cannot maintain focus. It has been well documented in various news sources as of late just how unhealthy working for a minimum of 6 hours at an office can be, and you can help your employees by installing human centric lighting as part of your next lighting overhaul.

But what exactly is human centric lighting? It’s simple. Human Centric Lighting denotes a certain kind of purpose built lighting (usually of the LED variety, such as LED Strip Lights or LED Rope Lights) which is considerate of human needs. With your older bulbs, you’ve no doubt noticed that they’re rather yellow. Human Centric Lighting is designed to tune brightness and colour temperature to patterns which are conducive to natural daytime stimulation.

While indeed antiquated lighting is of course, bright, it’s really not good for human beings. Human Centric Lighting is adjustable, and configurable to give off varying light values at varying times of the day, such as providing blue enriched light during the day (not to worry, you won’t have a blue office! While the human eye can’t see it, it’s most certainly there.) Immediate benefits are added stimulation to your employees, as the blue light sends signals to the brain which stirs up the body’s innate concept of night and day – something which is only replicated by sitting outside in the sun.

It should be noted that blue light has been pinpointed to sleeplessness when it is used at night. An office environment with blue light should not cause any form of sleep issues, as the effect is instantaneous and wears off as soon as the light ceases.

Human beings are wired to be awake during the day, and the results of this technology when used in hospitals have shown that indeed, human advances in lighting can even fool the human body.
LED Lighting has already made waves in the business world for it’s low emissions, environmentally friendliness and also for the fact that so much money can be saved by replacing your existing systems with LED.

The fact that something as simple as opting for a varying fitting can improve employee performance is the icing on the cake and a very valid reason why any office or indoor working environment should switch to LED Lighting as soon as they are able.

Tuesday, 28 February 2017

Why a Professional Should Always Install Your Aerial

For something like this, it’s easy to think that it’s something you can manage yourself at home in your own time. However, not many people know just what can go wrong without the assistance of an experienced professional. We’ve got a list of reasons why you should always choose a professional for your aerial installation Porthmadog.

Experience – Your number one benefit from choosing a professional is the experience that goes along with them. They have worked with all kinds of satellite equipment in all manner of situations and this gives you a great advantage, in having someone manage your equipment who knows exactly what they’re doing. Should you face some challenges; whether it’s mounting, cabling or compatibility issues, your installation professional will most likely have seen it all before and be able to manage them quickly.

Equipment – You should never attempt to fit an aerial without the industry standard equipment you require. Without the correct equipment, you will not only risk damaging your aerial and your home but be putting yourself in danger also. If you are setting up your aerial outside your business, you might want be feeling encouraged to use a professional for the aesthetic qualities having quality workmanship on show to your customers.

Perhaps your warranty is a large factor to your decision? In the instance you did cause damage to a piece of equipment, it may invalidate your product’s warranty. Your installation professional will also have everything they need to carry out the work effortlessly.

Support – The very nature of aerials means that they can be susceptible to weather damage, depending on where you live. It is likely that you will benefit from the ongoing support that a professional can offer you, such as over the telephone or call outs.