Monday, 26 September 2016

Some Light Manufacturers Don’t Want You To Switch – Here’s Why

LED products, be them LED strip lights, rope lights, colour panels, bulbs or lamps, are providing to be unbelievably popular. Large city councils have started actively retrofitting existing street lighting in order to take advantage of the wealth of money which can be saved with the conversion, homeowners have started to retrofit houses and enjoy amazing creations such as LED wallpaper, and commercial premises seem to each be taking advantage of the fantastic displays and focal points which can be created with LED Lighting.

But, there’s a few companies out there which still have a massive stake in inefficient, deadly and extremely bad for the environment products such as CFL and Halogen bulbs, and all manner of silly statements are made in order to subvert consumers from making the switch. Some of these are that LED lighting has an expensive installation price. Others range between more and more ridiculous subjects, such as LED lighting will interfere with your sleep patterns, up until the totally silly, that LED Lighting will turn consumers blind.

Of course, most of these silly rumours and old wives’ tales have some merit, once (aside from blindness. LED stands for light emitting diode, not laser emitting diode!) but times have changed hugely since LED Lighting first made an appearance in the mid-70s, and if anything, the technology has improved so much from the stark, bland light of yesteryear in order to include more ranges of colour than you have fingers. And toes. In every single product.

Big-name manufacturers have put significant time and effort into creating viable LED Lighting products as it is the future, and it’s no real wonder that manufacturers that failed to adopt their manufacturing process in order to include it are feeling somewhat scrambled. When traditional CFL Bulbs see their end (it won’t be long, we’re certain of that) They’re going to be without the advances which other companies have put considerable resource and effort into attaining, and of course patenting.

Don’t let one or two old wives tales stop you from having the fixtures of your dreams and saving considerable amounts on your commercial lighting solution. LED Lighting is the future, and it’s here to stay. 

Thursday, 22 September 2016

The Best Support for your Venture

In matters of reservoir simulation and engineering studies, one company springs to mind across multitudes situated worldwide. ERC Equipoise are a London-based independent consultancy company with offices in Singapore and Dubai, which stand head and shoulders above their competition when it comes to matters of reservoir engineering study and simulation.

ERC Equipoise combine a wide variety of industry technique, practical experience and know-how and their talented team of geoscientists have enough expertise to truly maximise the use of data within their reservoir engineering studies.

When it comes to it, Independent Oil Companies want and need a clear understanding of their assets, as well as the limitations and uncertainty involved within analysis of their sites to prevent mismanagement of assets and loss related to it.

No two projects are ever the same, and ERC Equipoise come equipped for anything – regularly called upon to provide anything from Material balance reporting (Whether multi-phased or otherwise), Rate Transient Analysis. Multi-rate gas flow analysis, Wellbore pressure lift curve modelling, VFP optimisation, Inflow performance and modelling, Well Flow Analysis, Decline Curve Analysis, Production logging, exploration and volumetric support, fluid characterisation, relative permeability and special core analysis analytics, as well as numerical and interference well test analysis.

Furthermore, ERC Equipoise have been called upon to provide a variety of modelling solutions, from wellbore pressure lift curve modelling, through to micro sweep efficiency and Buckley-Leverett Modelling, as well as saturation height, advanced reservoir modelling, and equation of state and compositional PVT modelling.

Their experience of over 34 years speaks for itself, from integrated oil and gas reservoir modelling of all types. Key contributors are actively involved throughout all stages of the building process – as modelling projects benefit at each stage from the input of associated geoscientists and petrophysicists.

ERC Equipoise recognise that 3D Seismic Control of facies distribution is best provided by their own seismic reservoir characterisation group, thus enabling as much constraint as possible to be brought to bear while modelling. Reservoir uncertainty is also captured, where appropriate, by this.

With this, and paying very close attention to the modelling of key elements which affect reservoir performance, viability and profitability, ERC Equipoise ensure that their geomodels allow subsequent simulation models to accurately reflect a reservoir’s behaviours to ensure that their clients truly understand the viability of what they’ve found.


Wednesday, 14 September 2016

How a Business Can Use a Bridging Loan

If your business is seeing rapid growth and you’re considering new premises a bridging loan might be for you in financing your new property.  The very nature of a mortgage means that it can be a very slow process, whist bridging loans are characterised by a much speedier process. Not to be considered as a long term financing solution, they are usually set at a higher interest rate. But what are the other benefits of a bridging loan to a business compared to a mortgage.

Buy Property Fast
As noted above, applications for a bridging loan are usually much shorter due to their nature of being a short term financing solution, bridging the gap until a longer term financing solution comes into place. The introduction of the Mortgage Market Review (MMR) rules in April 2014 means that the application process for a mortgage is a lot more rigorous.
Of course, great property’s come and go very quickly which means sometimes you need to act fast. When you’re buying from a property auction for example, a bridging loan might be a viable solution for you.

Break Up the Buying Chain
The normal process of a mortgage is that you sell your current property before you can purchase a new one. You are relying on someone to purchase your property so that you can move on and so forth. Sales falling through can mean delays in the buying process. A bridging loan might be a suitable solution in this circumstance where you could purchase before someone has purchased your property.

Things to consider
A bridging loan can be used in a different manner, to pay off a current mortgage. Though useful times, they come with a higher interest rate and therefore need to be an affordable short term solution for your business. If you are still unsure about what might be the right decision for you and your business, it may be worthwhile if you speak to a financial advisor who can understand your circumstances.

Friday, 26 August 2016

Proper Identification of your Business

Properly specifying the type of your business is not an optional thing. For many which have their own business, be them self-starters or those who have been in the game for a very long time and wish to expand, they are either Sole Trader Companies or have ownership of a Limited Company. Regardless of the type of business you own, it is important for you to identify it properly so it can pay the taxes appropriate to it’s size and business model. It is imperative to know the differing types of businesses out there – and when you wish to change the type of business you operate, the services of an accountant in North Wales can help you with what you need to do.

Most businesses start as Sole Trader Companies. The enormous draw of doing so is that Sole Traders do not need to register with the HMRC. As a Sole Trader, you and your business are essentially the same thing. Any event to happen to your business, (good and bad) legally is happening to you. As such, you are allowed, as a Sole Trader, to make decisions on behalf of your Company without having to consult a soul. Furthermore, all profits belong to you.

This sounds like heaven, doesn’t it? No doubt some of you are reading this and thinking “well, why can’t I be a Sole Trader?” There are a number of advantages Limited Companies enjoy which are unavailable to Sole Traders. For example, taxation is different, as you will see less overall tax paid for Limited Companies than Sole Traders. As a Limited Company, you are not the owner of your company. Instead you are a shareholder, who also does not have any technical ownership over the profits of the Company. Your pay comes as a wage paid by the Limited Company to you – but with this comes responsibility.

As a Limited Company, you must ensure that the submission of annual financial records to the Companies House is adhered to, as well as setting up PAYE, managing your company’s resources and finances by law, as well as appointing a secretary.

Changing to a Limited Company provides an advantage when it comes to taxation, though your responsibilities increase on a substantial level. If you’re struggling, we absolutely recommend a good accountant behind you – preventing the possibility of things going wrong and grave repercussions occurring as result.  

Make Sure You Have The Right Accountant

Accountancy can be a bit of a funny profession. While there’s absolutely no doubt that most businesses absolutely need one, (after all, even if you can do your sums properly, how much productivity in your own duties are you losing by bothering yourself with admin work?) the specialisation can often be a minefield with quite a lot of variation between companies. When it comes to matters of accountancy, reputation is crucial. Whether you’re looking at North Wales chartered accountants or perhaps a little further afield, it’s imperative to know that your business and your affairs will be handled properly.

You might be surprised to know that there are no regulations when it comes to accounting, and that absolutely anyone can call themselves one. An accountant, unlike a solicitor who has to be a member of the Law Society to call themselves as such, does not need to have any accountancy qualifications. Furthermore, they do not have to belong to a professional body in order to start up a business.

So where do you turn if you’d like a little stability in the management of your affairs? Fortunately, Chartered Accountants exist to provide a little bit of peace of mind with your returns. While indeed standard, regular accountants certainly aren’t cowboys, your money is important. The need for peace of mind when it comes to your accounts is completely understandable.

A chartered accountant varies from others by the virtue of going through extensive training with an academic postgraduate program- as well as having worked under a mentor for at least three years. That’s a baseline. There are many Chartered Accountants which have completed much more training and amassed much more experience of a variety of clients – often on behalf of organisations in the public sector with a myriad of duties - be them financial supervision or wealth management – making them fully prepared to take on the unique challenges of your accounts with confidence, precision, efficiency and certainty.   


Tuesday, 23 August 2016

How Commercial Conveyance Differs From Residential

Commercial property transactions can be rather awkward. Notorious for being unparalleled in matters of trickiness, “straightforward” is often not a term you’ll hear associated with matters regarding to commercial property transaction. For those who are buying or selling freehold premises, or even granting, taking or assigning a lease, a good solicitor that can offer conveyancing in Bangor, stretching as far as North West England can be a real asset.

Look for a solicitor which has a number of experts within commercial conveyancing, as the subject matter can be leagues more complex than residential matters. For example, do you know when you require an Energy Performance Certificate for your new investment? Do you have one for the investment you’re currently leasing or selling? That’s just one thing in the utter minefield of paperwork that tends to trip everyone but the most seasoned up in commercial property conveyance.

There are a number of matters that you need to consider, such as whether or not you need a Fire Risk Assessment, or an asbestos report. Should the sale or purchase price include VAT or not? Furthermore, who should insure the property? Perhaps you should consider a break clause? Wait, what’s a break clause?

Thankfully, you don’t have to go through something like that alone with the services of a good solicitor that’s on your side.

Look for a well-established solicitor which has a reputation for excellence and a conveyancing team which are to be reckoned with. The number of solicitors on this team isn’t particularly important, what matters is the fact that (obviously) they’re qualified and equipped to help you with your legal issue. Experience is also vital. Look for a solicitor that offers flexibility—whether you’re selling, renting or buying a small office space or even a multi-million pound industrial unit.

Excellent word-of-mouth is still very important. While indeed it appears that the world has certainly gone digital, word-of-mouth is still alive and very well, in the form of testimonial pages on websites. All you need to do to get peace of mind until your meeting is check a testimonials page on your solicitor of choice’s website. Look for recent testimonials, related to matters of conveyance.  

Finding the perfect solicitor can indeed be daunting, but once you’ve found the right one, you have a wealth of power at your disposal, and a team of talented people making sure that your desired outcome is obtainable.

Friday, 12 August 2016

It’s Time For Your Audit – What Now?

If you run a small business, you don’t have to commission a company audit, but all public companies still need at least one on an annual basis. Many private companies produce audited figures if they perhaps have external investment, or are attracting investment. Don’t think of an audit as a bad thing – most chartered accountants in North Wales will endeavour to make the process smooth, manageable, and painless. After all, that’s what an audit is, at it’s heart – the opportunity to detect problems and abnormalities that might indicate either dishonesty, or a lack of control in some areas of your business.

Auditing is essentially a process. An audit involves the reviewing and investigation of any aspect of a business, financial (in the areas of accounts or stock) and nonfinancial (human resources policies, quality and safety policies, to name a few.) An auditor working with a good accounting firm will be fully trained to spot areas of needed improvement, potential danger and incidents that point to unethical conduct, in their own area of expertise. While it’s true that an audit may temporarily disrupt some areas of workflow, it’s obvious to say that spotting and addressing potential weaknesses in your business’ infrastructure outweighs any temporary loss of productivity. Of course though, you’ll want to go for a firm that are thorough, correct, concise, but efficient. But how do you find one?

The answer’s rather simple – it’s a matter of reputation.

Most accountants in North Wales and beyond offer statutory regulation and audit services, though for the sake of your business – it’s best to choose an accountant that is deeply experienced in audit work. Audit experience comes in many shapes and forms, in the form of companies, public sector bodies and charities. Public sector and charities of course have rather stringent duties of financial accounting and special knowledge is needed to carry out an effective audit. Look for a company with experience in all three sectors, and you won’t be let down.