Posts Tagged ‘accountant harlow’

Apple iMac

6 Ways to save money on Apple Products

Part 1 – Buy a Refurbished Mac

For those who love becoming the owner of a new piece of technology, nothing really competes with a new purchase from Apple.

Be it an iPhone, iPod or a shiny new iMac, all are objects of desire with just one snag – the price.
Apple products are notoriously expensive, although their millions of fans feel they get value for money in the long run even if it is very painful at the time of purchase.

If you try shopping around, there are usually very retailers who will discount any Apple product, but there are a few ways that can save some money when it comes time to treat yourself.

Here is the first in a series of six ways to save money when making your Apple purchase. Be sure to check back for the rest of the series.

  1. Buy a Refurbished Machine.
    Refurbished Apple products can be purchased from the on-line Apple store.
    These machines have usually been returned to Apple for a variety of reasons, they are refurbished and then sold through the Apple on line store at a discount.
    They always come with a warranty of some description and can be a good way to save at least 15-30%.

In the UK – here is the link.


Good Luck! Once I have posted all 6 tips, add a comment and let me know if there are any other ways to save on Apple products that I have missed.

Accountant HarlowTransform AccountingAccountant Essex

Now also on Facebook at – http://www.facebook.com/TransformAccounting

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Savings Image

Individual Savings Accounts (ISA’s)

If you are a UK tax payer on a low income, you might not have to pay any tax at all, but if you are a standard or higher rate tax payer, you will have to pay tax on both your salary and any interest you receive from your savings accounts.

But, there savings and investment schemes available to UK tax payers that can generate a tax free return.

These are known as Individual Savings Accounts or ISA’s.

Question – Why should you set up an ISA?

Answer – You don’t pay tax on the interest or dividends you receive from an ISA and any profits from investments are free of capital gains tax. If that sounds good, read on.

Key Facts
For the 2012-13 tax year, the maximum you can put into an ISA is £11,280

There are two potential elements to an ISA – a Cash ISA and a Stocks and Shares ISA.

A cash ISA behaves like a deposit in a bank or building society, but without any tax.
This is considered a very safe investment with low risk, although interest rates are currently very low.
The maximum that can be put into a cash ISA is £5,640 for 2012-13 tax tear.

A stocks and shares ISA is quite flexible and can be comprised of any combination of the following ;
Most UK stocks and shares
Most US and European stocks and shares
Most Exchange Traded Funds
UK Government Gilts and Corporate Bonds
Investment Funds

The maximum amount that can be put into a stocks and shares ISA is £11,280 for the 2012-13 tax year.

Note that you can have both a Cash ISA and a Stocks and shares ISA, but that the total of both must not exceed the limit of £11,280

How Much Will I Save?

If you are a higher rate tax payer, you will save 40% on any savings interest sheltered within an ISA.
If you are a basic rate tax payer, you will save 20% on any savings interest sheltered within an ISA.
If you pay the ‘saving rate’ of tax for savings, you will save 10% on any savings interest sheltered within an ISA.

Capital Gains

If you make gains of more than £10,600 from the sales of shares in a given year, you would normally have to pay capital gains tax on the amount of gain above £10,600.
There would be no tax to pay if these gains where sheltered within an ISA.

Question – What are the downsides of an ISA?

Answer – There are few downsides to an ISA.
The main one is that losses on an ISA investment  (in Stocks and shares) cannot be used to offset capital gains tax on investments held outside an ISA.

The Essex accountant, bookkeeper service and tax return specialists dedicated to helping you get your financial house in order and keeping it that way.

We specialise in being an accountant for small business, helping small business owners keep tax bills to a minimum, maximise profits and ensure you meet every statutory deadline without any headaches.

Accountant Harlow – Transform Accounting – The Essex Accountants

Disclaimer – The information presented in this article is intended for education purposes and is not intended to be used as the sole basis for any investment decision nor should it be construed as advice intended to meet the investment needs of any investor. The author may hold positions referred to in this article. Please perform your own research or contact a qualified financial adviser prior to making any investment decisions.

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