As a bookkeeper or accountant, you’re only as good as your data. Business owners, company bosses and department heads want to work with the most accurate information – but going through that data can be cumbersome and time-consuming, not to mention that you’re only human. This is where Dext Precision comes to the rescue.

Dext Precision is the ultimate toolkit for accountants and bookkeepers in the UK. It integrates seamlessly and comes with a whole host of other benefits like error-free data and proactive insights. 

Eliminate errors 

How much time do you spend going over numbers and checking for errors? With Dext Precision, you can back-check data and also track changes made to data and entries, even locate a deleted entry. 

Best of all the system flags up errors, anomalies, and discrepancies for you, so you can spot mistakes before they become a costly problem.

Dext Precision’s Clean Up Toolkit can help revolutionize your error tracking abilities. With the time saved, you can get more done as an in-house accountant, or take on more gigs if you run a bookkeeping practice. 

Check exactly what resources are being spent 

Dext Precision’s Focus Dashboard can help you figure out your own team’s workflows. It is a challenge to figure out how long a given task should take a team member based on nothing. 

The Focus Dashboard, however, can provide you with these insights because it can tell you the amount of time devoted to using Precision’s own toolkit as well as other software that it integrates with.

This can help you more correctly and accurately assign tasks and clients to your own team. You and your team will also be able to point out where maximum time is being spent and if a course correction is required, or can be undertaken.

Overall, Dext Precision’s Focus Toolkit lets you undertake more tasks and take on more billable work. 

Zero in on “leaks” 

Overspending can halt any sort of progress. It’s why business owners are always looking for ways to keep it to a minimum – a cost-cutting mission that doesn’t cut corners. 

Dext Precision turns real-time data into insights on supply chain spending which can truly help business heads figure out how to be more profitable by curbing unnecessary spending.

That’s not all. Dext Precision also alerts you if there’s a tax risk, which is extremely relevant in these uncertain times. The software will alert you where there is a chance of losses or reduced profits because of a potential change in tax laws. By being able to provide this insight you’ve easily gone from bookkeeper to advisor. 

Self/client evaluation 

Companies are supposed to maintain impeccable books – but it’s hard to assess that when talking to a potential new client. All this could change with Dext Precision. You can use Health Score to check the state of your clients’ books right at the negotiation table. This can help you drive more profitable pricing. You can also tie your pricing and appeal to a wider cross-section of clients. 

You’ll also get to strut your (bookkeeping) stuff when you click on Health Score after your work is done and demonstrate your amazing abilities. 

Usher in accuracy across the board with Dext Precision. Check out Dext precision for the best insights and accurate data. 

It is not unnatural to feel nervous and confused when dealing with mortgage applications. You may even be unaware of the different schemes and mortgage plans that the high street lender or specialized lenders provide. Therefore, you turn to mortgage advisors and try to get the best mortgage and interest rate. They make your purchase easy and reduce the risk of falling into despair over a wrong decision.

You can enquire about CIS mortgages from the mortgage advisors found at Mortgage Experts Online. You can submit your information and query to the site, and they would send it to suitable firms or lenders for deals or advice related to mortgage, loans or insurance. This mortgage broker in the UK excels in dealing with any problem of self-employed mortgage, remortgage, bad credit and many more. They also engage with people on Facebook and Twitter.

What Is A CIS Mortgage? Who Would Be Eligible to Apply?

The full-form of CIS is Construction Industry Scheme. So, a CIS mortgage is for any person registered with CIS. The workers under this scheme pay their tax to the HMRC in advance. Therefore, the lenders calculate their net income and not the net profit. With the past one year’s account, you can apply for a CIS mortgage. You can show the regular payslip and bank statements.

What Benefits Would CIS Give You in Mortgage Deals?

You can get these three benefits when applying for a CIS mortgage –

1.     Higher ceiling amount

The lender would calculate the mortgage amount based on your annual income. Generally, they would give four times the annual income as a mortgage. It means you would have more purchasing power.

2.     One year of account instead of the standard three years

Most of the traditional mortgages for the self-employed require more than two years of account. But with CIS mortgage, you can start working on your plans earlier than expected.

3.     More options

High income would give you good deals in mortgages with low-interest rates. Your options would not be limited.

But, remember that high mortgage capacity does not mean that you should borrow more than necessary for that particular purchase.

Deposit for CIS Mortgages

Do not forget that CIS mortgage works like any other standard mortgages except that they consider net turnover rather than profit. A person with a stable employment history would be able to get a mortgage with a 5% deposit. But when you apply for a CIS mortgage, your purchasing power increases. At the same time, the lenders would also ask for a substantial amount of deposit. If you can cross this hurdle, you can reap the benefits of CIS mortgages.

What If You Have Bad Credit?

It’s not the end of the road if you have a bad credit history. Check your updated credit report and consult your advisor over the issue. You should disclose all your information and explain your previous failures and poor credit history. The advisor would likely come up with some solution.

You can also think about remortgage if you came under the CIS scheme recently. Check out all your options from an expert.

If you are willing to purchase a boat then you might not have the right amount of finance as these are very expensive. You should hire services from some financial institutes in this regard to get marine finance. What you need to do is to visit different websites of these experts so that you can get the loan at the lowest interest rates.

The benefit of getting the loan from the right professional is that they can guide you that how to get the information from the traders. You should choose the right trader that can help you to buy the boats or marine ships for you. You can get online opinions or suggestions from professionals by simply visiting their portfolios or websites as they have maintained their websites.

While you are searching for the best traders for purchasing the boats or marine for you then you must visit different websites or even references. If you have no issue with your budget limits then you can purchase these boats without asking for finance from financial institutions. Do not try to purchase the item from the non-professionals as it is just a wastage of your time and money.

Some people do not have enough knowledge in the field of purchasing these boats as various types of boats are available in the market. Try to select the best one that has years of experience in this field and know everything about financing for boats. The best thing that you can do to purchase the boats for you is to understand the needs of your finance.

The planning stage is very important that will give you a chance to get the loan at the earliest according to your needs. The trader that you have selected should provide you with the details that can help you to know the merits and demerits of boats. The boat models are different in prices and you should choose the boats that are, following your budget limits.

If you have sound knowledge regarding models of boats then you can get these boats by just asking their prices. On the other hand, if you do not have sound knowledge regarding the quality of boats-then you must consider taking assistance from experts. These experts can arrange the models for their customers on their demand. Try to manage the marine finance first and then try to contact these traders so that they can provide you with the best quality products.

Most business owners that are thinking to use these loans are in search of the best products from the market. They can use internet services or even references to get the loan or process the loan quickly. Now different dealers that are offering boats to their customers are also offering finance schemes so that everyone can avail of this discount.

Sometimes the experts will provide you with the best schemes and promotion codes so that you can avail cash promos and interest-free loans for a given period. This can be a daunting task if you do not pay attention to the selection of the best finance dealers. If you are well-informed regarding the reasons for getting marine finance for you then you can save your time by using less effort.

The most important thing that is associated with purchasing these boats is to ensure getting the loan for you. Sometimes the downpayment cannot be adjusted due to the non-availability of finance. Many professionals are offering zero down payment services to their customers accordingly. Now with advanced technology, it has become easier for you to manage your finance or boat loans by visiting online portals. You can save your cost by purchasing second-hand boats for your needs if these are available in good quality. It is highly recommended not to risk the quality of the boat due to financial pressure or low-budget limits.

The value of commodities is shifting continuously due to global changes. So, traders need to invest their money consciously. However, if they make the wrong decision, they might face trouble. But, some traders are enjoying the benefits by making the right decision. On the other side, some traders are facing problems because of their confusion. If the traders know how to invest their money properly, they may get better outcomes. For this, they should contemplate some important factors in terms of investing in commodities.

In this post, we will discuss five things so that you can understand what you need to do. So, don’t waste your time. Read the article carefully.

Commodities are volatile

Commodities are known as the most volatile assets. That’s why many traders prefer to trade commodities. Because they know, they can make huge money. But, if they take any wrong decision, they might face a big failure. However, being a trader, if you’re looking for security, then a commodity will not be the right choice for you. Bear in mind, the commodities will not pay any dividends or interest. However, try to apply the right strategy so that you can maximize the profits.

Can invest in a group of commodities

As a commodity trader, you can invest in different types of commodities. There are four types of commodities such as energy, agriculture, metals, livestock, and meats. You can invest in a single commodity or you can also invest in a group of commodities. You just need to choose the right broker and open a demo account. Because it’s really important to choose the right broker so that you can protect your capital. The demo account will aid you to get the proper knowledge about the market so that you can trade profitably. But make sure you are choosing a good broker like Saxo markets or else you will start facing problems in the practice trading account.

Sensitive to a lot of factors

As the price of the commodities fluctuates for various reasons, traders need to become conscious of this issue. Due to the major news releases, the price movement of the assets changes. So, being a trader, you should become up to date with the news. Based on the latest news releases, you’ve to take the decision. Bear in mind, floods, hurricanes, and other natural disasters have a high impact on the value of the commodity. Because of this, the production can be stopped. As a result, demand can be increased. So, you should take the decision based on this issue.

Highly leveraged assets

In terms of trading the commodities, you might get the leverage. So, if you don’t have high capital, you can trade smoothly. But, if you try to use high leverage, you might face problems. That’s why you should take the leverage consciously. Many traders ignore the risk factors and only focus on making profits by borrowing the leverage. Due to this, they face more problems. Traders should learn to use the leverage properly so that they can reduce the losing streak. Keep in mind, you’ve to take the leverage depending on your capital.

Do some paperwork

Before starting trading, you should gain some knowledge. As a result, you might not face problems if the situation changes. But, if you don’t have any prior knowledge, you can’t adapt to the new scenarios. So, before opening the new position, you should gather the important decision about the market so that you can do better. Always remember, you have to know about the different features of the market for trading properly.

So, by knowing about these facts, you may not face any problems to make a proper investment decision. However, always analyze the market properly so that you can make the right decision. Don’t put your egg in the wrong asset. Choose the right one for getting the benefits.

A home loan top up is a special facility offered by the financial organisations to the existing home loan borrowers. While some lenders limit the usage of the loan to home-related purposes, there are other financial organisations that do not have such restrictions. You can use the home loan top up facility for various personal and professional expenses like marriage, going on a vacation, debt consolidation, business expansion, etc.

If you don’t have an existing home loan with a specific lender, you can still opt for a top up facility when you avail a balance transfer and get additional funds from the new lender. The interest rate for the top up loans may be slightly higher than the traditional home loan, and it generally starts from 7% per annum. Also, the interest rate for women is usually lower than the interest rate for men.

What are the benefits of applying for a home loan top up?

•         If you are facing a cash crunch or you need additional funds for buying a bigger home or for home renovation, applying for a home loan top up is a better alternative than personal loan as the interest rates are much lower. Affordable interest rate automatically translates to affordable EMI and the repayment becomes much easier.
•         You can use the home loan top up amount for a variety of purposes. You can use it for home renovation, home extension, business expansion, etc. Depending on the lender, you can use the amount for personal expenses.
•         Another significant advantage of applying for a home loan top up is that the approval process is faster, and it requires minimal documentation. This is especially true if you avail of the loan with your existing lender.
•         Just like home loan, you can avail of tax benefits on home renovation if you use the amount for home construction or renovation.

Tax Benefits on top up home loan

You can claim tax benefit on home loan top up if you use the amount for specific purposes. The maximum deduction you can claim is up to Rs. 30,000 for a self-occupied home. If you are using the amount for renovation, repairs, or extension of the property that you have let out on rent, there is no limit on tax deduction. However, in both the cases, the tax deductions come under the overall limit of Rs. 2 lakhs per year that is available on the interest component of home loan.

If you avail home loan top up for home construction, you can avail tax benefit on both the interest and the principal component subject to the limit prescribed under Section 80C and Section 24(b) of the Indian Income Tax Act.

What are the eligibility criteria for availing home loans top up?

The criteria for home loan top up vary from lender to lender. But mostly lenders have the following requirements:

•         You must be aged between 21-65 years
•         You must be a self-employed professional or a salaried employee with a regular income source
•         You must be a resident Indian

What is the maximum amount you can borrow and what is the maximum repayment term?

The maximum amount you can borrow is generally limited to the original home loan amount sanctioned to you or up to Rs. 50 lakhs, whichever is lower. Also, you can apply for a top up loan only after 12 months after disbursement of the existing home loan.

Most lenders in India allow you to repay the top up loan over a longer period up to 15 years. But it greatly depends on the lender’s assessment of your financial profile, age, etc.

Final Word

Home loan top up is an excellent facility that allows you to get additional funds for your requirements. So, make the best use of it but be aware of its various requirements and implications before you apply for the loan.