With everyone getting used to the ‘new normal’ after weeks of lockdown, a large percentage of us are still working from home or partly working from home. Thanks to the Covid-19 pandemic, research has shown that 34 per cent of us are still working at home full-time and 22 per cent are splitting the week between working at home and in the office. With this in mind, how is the property market being affected?
Any good property news blog will tell you that the Covid-19 pandemic has had both good and bad effects on the property market. Property news blogs have been telling us about the benefits of no stamp duty and the struggles of virtual viewings and staggered appointments. Most recently, The Guild of Property Professionals surveyed how new working conditions are affecting people’s decisions when it comes to property, and the results are in.
The CEO of The Guild of Property Professionals, Iain McKenzie, said that just 12 per cent of people previously said that a home office was important to them; now, this has almost doubled to 21 per cent. Mr McKenzie also mentioned that people are happier to move further away from the office. Not having to commute so much is giving people the freedom to look elsewhere – potentially somewhere their money can stretch further. A property news blog has mentioned that it feels this will cause housing prices in the north and south to level out, with less of a divide.
Even with all these changes, the survey found that people still feel London will remain the centre of business, even though it appears that Londoners make up a huge percentage of the people still working from home. Mr McKenzie went on to state that a lot of people seem to be moving out of London to homes that cost a lot less, with the same applying to those seeking offices.
In conclusion, it seems that people are seeking out rural areas since lockdown, which could be a concern for suburban and urban areas. With fewer people commuting, the need to live so close to your place of work is not as important as it once was. Perhaps a three-bed property in Cambridge being the same price as a three-bed property in Nottingham is not so far in the future as we once thought.
When it comes to the time to complete your tax return and the deadline fast approaching, it can be a frantic dash to the accountant with bags of receipts. Your accountant will not be grateful for this and what is likely to follow is a series of phone calls or emails asking you for additional information! For Accountants Swindon, visit a site like https://chippendaleandclark.com/
To make life easier for you and your accountant, here is some of the essential information they will need to create your account and tax returns:
Your accountant will require all business account statements for the entire tax period, which starts from April 6 the previous year. You will most likely have a primary account, but if you also have a backup or a deposit account, they’ll need a statement for them as well, to follow every move between accounts. If you are still using a chequebook and paying in books, including these.
Statement of loans you have will also be required. It’s worth getting the balance at the end of the year as interest is tax deductible.
Statements for each business credit card are also required. If you have a personal credit card that you have used for business expenses, then do not forget to include this information as well.
Finance agreements taken during the year also need to be disclosed to your accountant. This can include hire purchase, for example. Mortgage interest is also tax deductible and anything you have purchased can also be submitted under the annual investment allowance. By not expressing it, you can add hundreds to your tax bill that is not necessary.
Payroll records must be produced, unless the accountant provides this service for you.
The process of covering casualties or incorporating new team members is not simple. The reality is that there are many things that are lost, that are not seen in the curriculum that is on our table. And the interview has a problem, only one person evaluates us. After all, the candidate will join a team, so why not let the employees have a voice and a vote? Read more
Being an employer is never easy. Your time is spent juggling deadlines, overheads and an ever-shifting workload. While there are only limited efforts you can make to improve the performance of the office, there is one area where you can make a real impact: staffing.
It goes without saying that some employees perform better than others. It’s just human nature. And while in an ideal world you would have all employees working at their optimum level at all times, this is often unrealistic. Instead, you should focus on retaining those employees who work the hardest by keeping them engaged. Hand over those interesting assignments and new deals that are just sitting on your desk.
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Good employees will be naturally keen to improve, so by giving them more interesting tasks and greater responsibility they’ll stay motivated and on-target for success. Seeing the preferential treatment given to the hardest workers may also serve to motivate other staff to work harder too, allowing you to kill two birds with one stone.
However, giving a hard-working employee added responsibility may be a steep learning curve. Even your best employee is likely to make mistakes, and how you deal with this will affect their motivation. Regular debriefings with your employee, and genuine but constructive feedback on their performance will help them and your business grow. This is also a good time to also introduce long-term goals for your employee. Listen to their business aims and set realistic milestones for them to achieve. Giving them a mentor, perhaps a long-time member of staff, will provide them with a sounding board and a great example to learn from. This, along with solid praise when the time is right, can convince employees with cold feet to stay with your company long-term.
Different employees have different ideas of what praise represents. OC Tanner, one of the world’s largest providers of employee recognition programmes, found that younger employees are more prone to need frequent, spontaneous rewards, such as a trip to Ermanno palace https://edgeglobalevents.com/f1-hospitality/monaco/3rd-floor-ermanno-palace/, whereas older employees prefer to receive praise only when their performance has been exceptional.
The first step in any successful business is a motivated team built on great communication. Make sure that you’re a manager who listens as well as speaks.
Summer is here, the holiday also but there are certain aspects that we should not neglect the creation of compelling content for our readers.
Assuming that at this time feel less read, or that our time is limited, the ideal is to make things easier with fresh, entertaining and easy to consume and accept our audience.
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