Starting a home business can be a scary thought for anyone. You never really know if you have the supply,the tools,and the ability to be able to sustain yourself in the long haul,all while putting your career,and your finances,at risk. The risk increases exponentially if you are unfamiliar with the ins and outs of running an online business as well,including being tech savvy. Fortunately,the choice of whether to put it all on the line became a lot easier through the Online Entrepreneur Academy.

Though it is a relatively new program,the Online Entrepreneur Academyhas already provided several home business owners with the tools they need to succeed in their endeavors. Students in the program will take classes for one year,learning from actual successful entrepreneurs on how to get the most from their company. It is a program that is designed to not only give entrepreneurs tips,but also what to expect,and how to handle the unexpected.

How is it Different?

What sets the Online Entrepreneur Academy apart from other courses in business is the variety of information covered. Many courses focus on one aspect of business,such as marketing,brand awareness,or product creation. The OEA combines all of those aspects into a one-stop-shop,educating their attendees on all aspects of running a company,not just a few areas here and there. Upon completion of the program,entrepreneurs will be armed with knowledge in a wide variety of areas,and will feel confident in their ability to successfully start their company.

Who Qualifies for the Program?

The only thing that the OEA asks is that their students are willing to learn,and are hungry to abandon their normal 9-to-5 jobs for exciting new opportunities. Whether that is a student fresh out of school,an already established owner,or a retiree that is looking for extra income,the Online Entrepreneur Academy can provide them everything they need to succeed.

Looking After Your Bona Fide Beauty Glass Nail Files

Bona Fide Beauty Czech glass files are tempered (toughened) during production to ensure the file is strong, wear-resistant and retains the integrity of the filing surface after multiple uses. Czech glass files are durable & long-lasting, however, they are glass and like any fragile glass item they MUST be treated with care.

Bona Fide Beauty have a great range of premium glass nail file for nail care hand to toe! Our range includes Czech glass files for fingernail, cuticle, toenail and foot care, available in a wide range of stunning colors and effects.

We want you to enjoy your Czech glass file. We recommend a few simple care tips for making sure you get the most out of your glass nail file:

– Be careful when handling your glass file. Dropping the file from a height, bumping it against a hard surface or placing it under heavy weight can lead to chipping & breakages.

– Use gentle pressure when filing, try not to push down on the nail with excessive force. Glass nail files are designed for regular nail care. File as often as needed, frequently trimming and shaping the nail.

– File nails over a surface like a countertop, bed or towel to protect it from accidental drops.

– Store your files securely. Avoid placing heavy items on the file.

– Always store your glass file in a hard case (not sleeve) when carrying in your handbag and luggage.

– Avoid exposing files to harsh chemicals, solvents and high temperatures since the decoration may deteriorate in such conditions.

– Bona Fide Beauty glass files are easy to clean. Simply rinse the abrasive surface under running water and let it dry off on a soft towel.

– A gentle disinfectant solution can be used on the abrasive surface prior to rinsing the file. Always avoid the decorated handle.

We hope you enjoy great results with your Bona Fide Beauty Czech glass file!

Here is what some of our Bona Fide Beauty customers have said about our files.

Bonafide Beauty offers a great range of premium quality czech glass in The Czech Republic. When you choose Bona Fide Beauty, you are getting the very best.

We are here if you require help choosing perfect nail files for your nails. Reach out to Bona Fide Beauty for more information

Umbrella Company Pension Schemes – What You Need to Know

Pension schemes help employees put money aside for retirement directly from their wage. The problem for self-employed professionals is that they need to manage this themselves,either by setting up a pension scheme or saving money from their income.

Fortunately,umbrella companies class contractors as employees,giving them all the benefits of employment. That includes a pension scheme,which now requires contribution from the umbrella company too. Let’s take a closer look at the statutory pension schemes available through umbrella companies.

Auto-enrolment pensions

In 2012,the UK Government decided that workers weren’t saving enough for their retirement. People were relying too much on the State Pension,which had not received adequate funding to match the continuing rise in life expectancy and an ageing population.

To combat this,they introduced automatic enrolment. The new system,rolled out from 2012 to 2018,requires employers to automatically enrol eligible employees onto a workplace pension scheme. Employers are also responsible for deducting contributions from their pre-tax income and making a minimum statutory contribution to the employee’s savings.

In October 2012,this minimum contribution was set to 1 percent for employees,which was matched by employers,rising in 2018:

• October 2012 to 5th April 2018: employers 1%,employees 1%
• 6th April 2018 to 5th April 2019: employers 2%,employees 3%
• 6th April 2019 onwards: employers 3%,employees 5%

However for anyone that doesn’t want to contribute to a pension once you’re enrolled you can still opt out.

Umbrella company pension scheme

Working through an umbrella company,contractors are classed as an employee. That means,yes,you are automatically enrolled onto the umbrella company’s pension scheme as long as you meet the following criteria:

• Your work is primarily UK-based
• You earn more than £10,000 per year
• You’re between 22 and the state pension age.

Until 5th April 2019,3% of your pre-tax salary will go directly into a pension fund,with the umbrella company contributing a further 2%. From 6th April 2019,5% of your pre-tax salary will go into the same pension fund,with your umbrella company contributing a further 3%.

The benefits of an umbrella company pension

Some contractors may worry that this will eat away at their wages. Don’t. Pension contributions are made before your wages are taxed. That means anything that goes from your wage into your pension fund is tax-free rather than being taxed at 20% or even 40%. So,instead of receiving 60% of your income,you receive 100% via a pension fund.

Let’s say you earn over £46,351 per year,which puts you in the higher rate band of income tax. Anything you earn beyond that £46,351 per year (roughly £3,863 per month) is taxed at a rate of 40%. You get just £60 for every £100 of income. Why not put the full £100 straight into the pension fund instead?

That’s why many people,especially those in the higher rate band of income tax,choose to put more than the minimum into their pension fund. And this is entirely possible. Contractors can contribute up to £40,000 to their pension scheme per year,comprising tax-free income and employer contributions. Currently,there is a lifetime allowance of £1,030,000 which can be contributed before incurring any tax.

Using your funds

With the increased earnings of contracting,it’s common for contractors to retire early. Alternatively,you might simply want to get some of the money out for a holiday,new car or home improvement. The good news is: you don’t have to wait until the state pension age to access the pension funds you’ve built up through your umbrella company pension.

Once you’re 55 or over,you can access up to 25% of your pension pot as a tax-free lump sum. Anything beyond the 25% will be taxed as an addition to the rest of your income that tax year – either 20% over £11,850,40% over £46,351 or £45% over £150,000,as things currently stand. That’s why most people choose to take their pension as regular income once they have retired,to minimise the amount of tax paid.

What about limited companies?

Contractors who operate as a limited company can still benefit from the tax relief of a pension scheme. However,as with most things relating to limited companies,this requires a lot more effort on their part. Firstly,they have to get the right balance between salary and dividend payments to increase the limit on their pension contributions.

Because employer contributions,such as pensions,count as a business expense,they are subject to tax relief. So,when you contribute to your pension scheme,as a director,the company could save money in corporation tax.

However,this has added complications because it needs to be fully compliant as an allowable expense. Any other employees,for example,should be given comparable packages to prove to HMRC that it is a genuine business expense.

On top of all that,using a limited company pension scheme means setting up and paying into the pension fund yourself. Along with all the other administrative work for limited company owners,it’s definitely worth seeking advice and assistant from a trusted accountant.

Get the right assistance

Whether you’re looking to compare umbrella companies or find the right accountant,you can make the right choice with -. Our online comparison tool lets you assess multiple companies in a matter of minutes. It couldn’t be easier to take the hassle out of contracting. Contact us today for more information.