budgeting
5 Advantages of Buying Second Hand Cars Privately
January 31, 2011 | 
Author There are reasons why second hand car dealers have a bad reputation – because too many people have been burnt in the past. With all of the modern day facilities available to us, from being able to uncover truths in car history and car service, we can ensure a good purchase when we are buying privately. Here are some of the advantages of buying a second hand car privately.
- Price. This must be the single most reason why anyone would want to buy a second hand car privately. You will always find the price of privately sold cars considerably cheaper than that of a dealer. The reasons are very simple. The private seller is not running a business out to make profits. The private seller does not have all the other expenses such as staff, workshop, warranties and utilities. These are considerable costs to any professional car sales company. Are those extra costs costing you way too much when you purchase your vehicle.
- Variety. The fact is that most used car sales companies only have certain types of cars. Most of them will have cars for the larger market. If you are looking for particular car types and if you are interested in buying modified cars, you will find much more variety and range available in the private market.
How to Keep Efficient Records
Over the last few years the jobs of accountants have become a little easier as the Taxation Office has allowed self assessing tax returns. Whilst this has meant easier and faster processing, there has also become a greater need to keep accurate records.
Taxpayers need to be able to prove how the figures on their tax return were calculated and, if necessary, provide documentation proving their case.
What this means of course is that every taxpayer needs to pay careful attention to their tax return and to maintain proper records in the event of a query from the Taxation Office. Without proper written evidence you may have your claim disallowed and end up having to pay extra tax.
Here are some pointers on keeping efficient records:
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Tags: accountants, accounting firms, corporate records, tax accountants, tax agent | 
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Your Budget is Your Best Friend
Although most of us cringe at the thought of putting together a personal budget, it is the one thing that can make the difference between living within our means, and overextending our finances to a point of going into debt. Once in debt, it is very difficult to get back to an even playing field financially, and that initial debt can be all it takes to start a rollercoaster ride of ongoing indebtedness.
Staying in the safety zone with your car loan
A car loan can be a true dead weight, if it’s not managed correctly. In most cases where car loans are problems, there are a few avoidable issues which can be managed in advance. The risk is a bruised credit rating, if things go wrong, so it’s a good idea to make sure you’ve got yourself well positioned before taking on the commitments.
Car loan number crunching
With a car loan, you may be looking at a large total outlay over time. All good lenders will advise you to keep a safety margin in your budget. Any loan which is too close to your budget limit when you add up your expenses is too expensive.
The budget limit is when you’re paying more than about 60- 70% of your income as a total outlay per month. You must have spare money available, with any kind of loan. If the loan takes you over this threshold, you may have problems.
Remember also:
Insurance with a limited budget: is it worth it?
Getting insurance is an important decision, whether it’s travel insurance, car insurance or life insurance. Except in the case of car insurance, which is mandatory for owning and driving a car, you might question the validity of getting insurance. Especially in these difficult financial circumstances where all extra costs have to be cut, you might wonder if it’s worth keeping the insurance arrangements you already have. The following will describe some situations you might want to examine to decide on keeping or getting rid of your current insurance.
Life insurance
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