News and Articles
Financial Security: Building an Emergency Fund
Life is full of uncertainties, and emergencies can strike at any moment. Whether it’s a medical emergency, an unexpected repair or sudden unemployment, having a safety net is essential in today’s world. Today we’re looking at building an emergency fund, a crucial...
Saving Money on Travel Expenses
Traveling offers the opportunity to explore new places, and to have new, exciting experiences. However, the costs associated with travel can often make it difficult to save enough money to cover the necessary expenses. This week we’re looking at a few ways to more...
Boost Your Financial Future: Top Strategies to Improve Your Credit Score
In today’s financial landscape, there is huge amounts of pressure put on people, especially young people, to increase their credit score. Whether you’re applying for a mortgage or seeking a business loan, your credit score will come into play. It’s essential to...
Navigating the Cost of Living Crunch: Essential Tax Tips for UK Employees PT.2
Given that the tax rules sometimes seem like one compliance hurdle after another, it’s good to know that some of them can be used to benefit your employees. The ‘trivial benefits’ rules are an example. Correctly applied, they allow a benefit costing not more than £50...
Tax Efficient Remuneration
Tax efficient remuneration To draw money out of your company, you will have been advised in the past to pay part as salary and the remainder by way of a dividend. Salary: Usually best set at a level high enough to qualify for State Pension but lower than the starting...
Evaluating the Benefits of Cloud Accounting Solutions for UK Businesses
In the modern landscape of UK businesses, staying competitive demands more than traditional bookkeeping methods. Cloud technology has revolutionised our approach to accounting practices, offering a wealth of new tools and benefits for businesses of all sizes. From...
Millennial Homeowner Strategies: Navigating the UK Housing Market
Owning a home is a significant milestone for many in the UK, but with rising property prices and stagnant wages, achieving this goal for millennials can be daunting. However, with careful planning and a strategic approach, millennials can make their dreams of...
Navigating the Cost of Living Crunch: Essential Tax Tips for UK Employees
In the face of an ongoing cost of living crisis, employees around the world are seeking new money saving methods. Baxterworld is here to help. This week, we'll look at 4 different tax tips, specifically designed to help employees to save money. Explore Tax Deductions:...
Strategic Budgeting: Navigating Success in the UK Business Landscape
In business, the art of budgeting is a crucial skill for financial success. Well-structured budgets not only act as financial plans, but also provide a strategic framework for businesses to thrive. In this week’s blog we will delve into three key points regarding...
Green Choices, Green Profits: A Guide to Sustainable Hospitality
In the bustling hospitality world, being eco-friendly is not just good for the planet—it's a clever financial choice. This blog explores three simple strategies for businesses in hospitality to stay profitable while going green. Balance Profit and Planet Finding the...
Financial Resolutions – Crafting and Setting Effective Goals
The beginning of a new year presents us with the opportunity to reassess financial habits and commit to effective resolutions that lay the groundwork for a financially secure future. Two weeks ago we concluded that by setting achievable and impactful financial goals...
Maximizing Savings: How Couples Can Slash Tax Bills Through Smart Money-Shifting
With interest rates rising, this is good news for savers, or is it? The tax implications of earning interest on your savings income should be looked at carefully, as those with savings begin to see a decent return. Non tax payers can use both their personal tax-free...