UK Business Services

Very many owner directors of small companies across England and Wales are taking measures to reduce the companies’ overall tax and NIC costs by taking advantage of dividends to pay themselves a far lesser salary, which is typically around about enough to maintain their current state benefit entitlements and take any balance of remuneration from HMRC in the form of tax efficient benefits and dividends. It has been established that HMRC themselves have noticed quite a lot of claims throughout 2016 and 2017 compared to earlier years and has commented that it would like very much to “understand” the rise of the dividend claims, and this has made quite a few good, future thinking accountants in North Wales pensive, and companies nervous. Of course, it should be stated that claiming dividends is not an illegal form of getting relief for yourself as an individual, or even assisting your business, but it should be noted that this form of obtaining relief looks very much on borrowed tim...

Depth Conversion is a robust, but iterative process which can offer a good amount of uncertainty when it comes to working out what is below. If you’re using VelPAK or Kingdom IHS in order to determine your depth, then there is help with the form of Velit, a Depth Conversion Software plugin which is designed to offer vast libraries which can take into account most scenarios regarding depth conversion. Velit is impressive indeed, and can offer a range of different scenarios regardless of the status of your potential asset. Whether it is marine or land based, and in a variety of different situations. Velit is also designed to be extremely user friendly and despite the fact that it’s a rather powerful tool with an expansive collection of libraries and methods, offers a far superior workflow which even straight out of the box is a major plus to running a vanilla version of Petrel or IHS Kingdom. Using Velit can enable you to get a more accurate depth conversion, which permits t...

When seeking a professional service that you can rely on in terms of efficiency, speed and skill, it may be difficult to choose from a long list of suitors which want the business of your firm, and the name of your assets for their portfolios. Each and every il and gas reserves firm of course wants the name of a prestigious, high value asset on their portfolio, so you may find yourself drowning in a sea of professionals which claim that they can be the difference between a strong prospect study and a weak one. That isn’t the case at all, as you might find. Established names rarely peddle for business, and Oil and Gas Reserves and Evaluation is a somewhat tricky field to even get into. When you’re looking at suitors, try to look for a firm with a solid base in respected organizations such as the society of petroleum evaluation engineers, as well as adherence to the SPE PRMS. Once you have a firm which can display relevance with these organizations, you’ll want to look at the firm...

Oil and Gas Exploration and Appraisal is a very drawn out process, and it helps to work with a firm which has completed successful  Oil and Gas Exploration   projects throughout a period of very many years. Reputation counts when it comes to high value sites and minimising risk - as well as experience. You’ll likely need a firm which is capable of all manner of oil and gas prospect studies, including identification, risking, and also ranking. ERC Equipoise is a London based company which has worked in many regions of the world in the field of Oil and Gas Prospective resource studies including experience in West Africa, both in pre and post salt environments, as well as the offshore Nile Delta in challenging deep water environments. Their experience is highlighted by varying other operations. In the North Atlantic and Arctic, ERC Equipoise have completed a number of explorations of the ocean at a number of sites including the Barents sea in Norway, at offshore sites...

In rural areas of the UK, mains gas is not always available within households. If your home is not connected to the mains gas grid, it’s likely you’ll using either LPG, electricity or heating oil to keep your home toasty. Heating oil in North Wales is a popular option amongst those without access to mains gas, due to kerosene being one of the most affordable home heating options. If you use heating oil within your home, there are numerous advantages to purchasing from a regular supplier. Purchasing heating oil from a single supplier means that they can offer a variety of ongoing services, which can often be tailored to your personal fuel usage. This can include payment plans, delivery schedules and remote fuel tank monitoring. So what are the benefits of heating oil over alternative methods? Heating oil is stored within a tank which is installed outside your property. Unlike LPG gas where you typically rent a tank to store your fuel, heating oil requires you to purchase your...

North Wales is a region that’s jam packed full of small businesses, and from the recent news that a brand new apprenticeship levy is to come into effect from April 2017, a lot of small business owners that benefit from apprentice placements are starting to feel the strain. Apprenticeships are good for multiple reasons. Essentially, an apprenticeship allows a graduate to start a career in their chosen profession on a training basis, and pick up vital experience and confidence through work until they are at a position to be taken on as a full time employee – as well as directly benefiting employers, (often those which run smaller businesses) with workers which simply wouldn’t have been employed at a higher rate. Unfortunately, the new Apprentice Levy is making small business owners in particular rethink work placements, according to recent research conducted by XpertHR . The small print of the new levy demands that small business owners with a paybill of more than £3m per ye...

It’s always a headache when new parts are required for your plant machinery.  It’s a long and arduous affair of making a series of phone calls, long waits, and inevitably being told that your investment and therefore the backbone of your business is going to stay out of commission a little longer, because particular parts can’t be supplied or sourced. This of course leaves your business in the cold. Targets are not met, work is not done (or done at a less than optimal rate) which leaves your team annoyed, your client annoyed, and additionally can provide a series of problems for the day to day running of your business – with health and safety concerns paramount. Of course, there’s the lottery of getting parts which are off-brand. These, while most of the time can be alright, can have an added layer of stress attached to them which means that your heavy machinery won’t be optional. Overall, even with the best performing off-brand parts, you’ll likely see that the lifespan of t...