More Than Finances

All about cryptocurrency, all the time.


Stock Market 101: Stock Trade Basics for Beginners

Investing in a stock market might look like diving into shark-infested waters. Nonetheless, it’s an active process that aids the buying and selling of securities. Gratitude to the growing computer network, less effort is put to work.

If you are a beginner and you’re not sure where to start, we’ve compiled a list of 7 stock trade basics just for you.

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5 Tips for Bitcoin Trading Risk Management in 2019

Risk management is a crucial element of successful bitcoin trading. Regardless of the trade setup you have, nothing’s guaranteed. Everyone takes the occasional hit, but an effective risk management strategy will help keep you in the game for much longer. In this guide, you’ll learn a few ways to reduce exposure during bitcoin trading.

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The Bitcoin Trading Graph: What’s the State of Crypto Halfway into 2019?

Bitcoin and Cryptocurrency are the buzzwords of this decade. And if you’re not investing yet…you might want to? We aren’t here to give straight up investing advice.

If we did, we could be liable (and we don’t want that) but if you do want to invest in Bitcoin, make sure you check Bitcoin trading graph statuses often.

Want to know what the status is, as of right now? Read below.

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Entrepreneurship in the UK: Small Business Taxes for Dummies

60% of businesses in the UK are sole traders. This is because the sole proprietorship business model has enormous tax benefits.

If you are thinking of starting a business, it is essential you know the types of small business taxes and their significance in your company. There are a number of taxes that a UK business should be aware of, depending on its business performance and activities.

You will pay some taxes through HM and others through HMRC. Therefore, you must be sure which taxes to pay and where. With that information in mind, here is a complete business taxes for dummies guide.

Income Tax

If you are a sole trader, your business profits will attract an income tax. Additionally, if you only depend on this business and you don’t have additional income from another job, you will be required to pay income tax when your business profit is above £11,850 for persons under 75 years.

On the other hand, if you are a director in your company and you receive dividends/salary, you will have to pay income tax. However, the amount you pay as income tax will depend on the amount you receive. This tax will be paid to HMRC through the PAYE (Pay As You Earn), which is a board that collects income tax.

Business Rates

This type of tax is determined by your business operation and conduct. If you are operating from a retail premise or have an office away from home, paying council tax is a requirement you should consider.

However, these rates are not constant; they depend on your business operations and premises size.

Additionally, business rates come with numerous tax relief schemes, which will make your operations smooth. There are also a number of exemptions to businesses that run from home and does not depend on local customers.

However, if you convert a part of your home or you sell goods/services to visiting customers, paying these rates is automatic. If your business has employees who come to work at your home, then you must pay business rates.

Additionally, you don’t fall in the exemption list if your property is part domestic and part business. For instance, if you run a shop and live behind or above it, council tax will catch up with you.

National Insurance

National insurance contributions (NICs) is a must pay tax by businesses that employ staff. These contributions are paid directly to HMRC when you pay staff salaries. However, unlike other taxes, NICs has different classes and the amount to be paid vary from one class to the other.

Directors in a limited company are treated as class 1 NICs, which means they pay 12% for earnings between £155 and £827. However, earnings that are higher than that will attract an additional fee of 2%. Employees with earnings above £156 pay NICs of 13.8.

If you are a sole trader, you will pay national insurance contributions in class 2 and 4 NICs. If you earn more than £5,965 per year from self-employment, you are required to pay £2.80 per week, which is under class 2 NICs.

Class 4NICs is for paid sole traders who make profits of between £8,060 and £43,000. The fee is calculated at 9%. Any earning above £43,000 attracts an additional fee of 2%.

However, if your business earns below the small profit threshold, it is not mandatory to pay national insurance contributions. However, you can voluntarily apply for class 2 NICs to protect your entitlement to the state pension and other benefits.

Value Added Tax (VAT)

Value added tax is a tax that applies to products and services sold within the UK. If your small business sells products and services, then you should start charging for VAT.

However, there are services and products that are eligible for a lower VAT rate or can be completely exempted. Such products and services include publications.

When your business turnover exceeds £85,000, you are legally permitted to register for VAT. However, that does not exclude small businesses who have an interest in registering for VAT. This tax is charged on customers.

It is often calculated at 20 percent of the price a customer buys services or goods. This amount is paid to the HRMC on a quarterly basis for all registered companies. Unlike other charges, you are legally allowed to claim any VAT paid on products or services.

Corporation Tax

Corporation tax is a fee that is charged for all limited companies. It is calculated as 19% of all the company’s income and is payable after nine months and one day of the accounting year. For instance, a company whose end year is 31st March will pay its corporation tax by January 1st.

The amount of money to pay as a corporate tax is determined by the total profit amount minus all deductions, including tax relief and salaries.

The good news is that this rate will be reduced to 17% by 2020. Therefore, companies will pay lower fees as corporate tax, hence allowing them to pocket additional profits.

Hire a Professional

Filing all these returns is not an easy nut to crack.

It requires more than just the ability to remember your initial investment cost and subtracting the expenses from the total collection. Therefore, it is essential to hire a professional accountant who understands these quick tricks.

An accountant has the skills to plan and account for any money your organization earns. They also allow you to relax and focus on building your organization to the next level without having to worry about tax compliance.

Additionally, you have to ensure that you are on time when filing returns to avoid accumulating fines.

Business Taxes for Dummies

When you understand these quick tricks on taxes and what you should pay, starting a business in the UK will not be tough.

Operating a business goes beyond having enough money to start it.

This business taxes for dummies guide can help you make the right decisions before making any tax payments. If you are not sure of what taxes you are supposed to pay, check out our blog to learn more.


7 Ways Landlords Can Verify Proof of Income

So you are trying to rent an apartment, but you are in need of a proof of income. Luckily for you, there are multiple ways to prove your income in 2019, and landlords are not restricted to one method of proof.

Landlords use proof of income to ensure that you have the ability to pay rent while you are living on their property. Read on for some of the different ways you can document your income.

1. Employment Verification Letter

An employment verification letter is something that you can receive from an employer to show to your landlord.

The letter shows that you have been employed by a person or organization for a set amount of time and usually includes contact info in case a landlord should have any inquiries.

A proof of income letter for apartment rental is a great option because it is super convenient for both parties!

2. Tax Return

A tax return will show all taxed sources of income that the tenant has received. While a tax return is not necessarily current depending on the time of year that it is presented, it gives a landlord a good look at what the potential tenant is currently earning.

3. W-2 Form

Similar to a tax return, a W-2 form shows the income that you have received for the year. Unlike a tax return, a W-2 form is specific to an employer, so they will not show your total taxed income.

Employers are required to send these to their employees at the end of the year, so this shouldn’t be difficult for tenants to obtain if they are working for a company.

4. Pay Stub

Pay stubs are very easy for tenants to retrieve because businesses usually provide them throughout the year to their employees.

You can also generate a paystub at Many people often bring paystubs ahead of time when applying for a rental.

5. Bank Statements

Bank statements provide an overall view of what is going in and out of your account.

Freelancers often wonder how to verify income, so this is a great option for because their work is often undocumented or spread across various platforms.

6. Statement of Unemployment

For those that are unemployed, providing a statement of unemployment is your best option for landlords. A tenant can pair this with bank statements to reassure their landlord that they are still receiving income.

7. Offer Letter

An offer letter is a great proof of income for those that have just obtained a new job.

Just like an employment verification letter, an offer letter will have contact info that a landlord can use to verify the legitimacy of the document.

The letter will also show that the tenant has recently been employed, their start date, and what the pay will be at the job.

Final Word

While applying to rent a house or an apartment can be a daunting task, providing these proof of income items will ensure that your landlord allows you to rent.

You can contact us directly if you have any questions or want to learn more about cryptocurrency!