I Have Done My Tax Return, Now What?

I have done my tax return, now what?

 

So the first thing to do is to congratulate yourself.

 

Completing your tax return, or doing the figures, is an accomplishment to be celebrated.

 

So Congratulations.

 

Secondly, grab a nice cup of tea or whatever your prefer, get your figures out and have a look at them.

 

So what we are looking at, is from a numbers perspective.

You know how the year went, you were there.

Now we are looking at, what was the result of all that, in numbers.

 

If you get your figures out and look. What worked? What went well? What made money?

 

Second question, what didn’t work? What didn’t make money? What did you think was going to work but didn’t?

So essentially, What worked? What didn’t work?

 

Lastly, now you know that.

What are you going to do differently this year?

That can be really useful to look and one of the reasons to do your tax return in April.

 

What would you do differently this year, having looked your figures?

 

The very last thing to do, is to take your figures and put them conveniently in a file. I have one here marked tax.

 

The idea is to put your figures somewhere you can find them.

 

The other thing I do for the more advanced users is at the front of my file, I list how much tax I have to pay, so I know in January.

Also so I can look at a glance how much tax I have paid over the last few years. It is really handy.

 

That’s it, Congratulations.

 

Doing this now will save you so much time and money next year.

 

Thank you for watching.

 


Relaxing Tax Returns

 

Relaxing Tax Returns

 

I am always looking for ways to feel good around money.

 

One of the surprising ways I have found is, yes I know, doing my tax return in April.

 

One of my clients turned up and she was so relaxed and calm.

 

I asked her “how come?” and she said “I have just done my tax return.” and I thought yes, I would like that feeling.

 

I have done my tax return in April ever since.

 

Now you could be one of the half a million people who wait until the very last day, 31st January, to do your return.

 

Or one of the 2000 people who do it on Christmas Day – not sure about that.

 

Personally, I like to get to the end of the tax year, gather everything together and do my figures.

 

Then start the new tax year fresh.

 

Not worrying I am going to find a receipt in 18 months’ time and trying to think ‘what on earth was that for?’.

 

Sometimes I pay at the same time, if it is a small amount.

 

Mostly I put a few reminders in my diary, not to spend the money at Christmas and to pay in the New Year.

 

Thank you for watching.

 

 


Intuition versus Logic in Business?

Intuition versus Logic in Business?

If you want to be wildly successful, in the business of your dreams, you do actually need both.

 

Intuition is motivation, inspiration, passion and it all sounds very exciting.

 

Logic is work-ability, day to day practicality but it also ensures you make money.

 

Not so exciting for many people!

 

In fact, we tend to go one way of the other.

 

If you do want to be wildly successful,

then focus your time and money on both intuition and logic.

 

For support, contact me, Jenny@jennybracelin.co.uk

 

Thank you for watching.

 


What is Coaching and Why Does it Work?

What is Coaching and Why Does it Work?

 

Essentially, it is just a conversation, but it is the quality of that conversation which produces the results.

 

There are so many definitions and types of coaching, it can be very confusing, even for me as a coach.

You have ‘performance coaching’ in sports to ‘non directional coaching’ in therapy.
Everyone seems to have their own view about what it is and how you do it.

 

Personally, I tend to use ‘transformational coaching’. That means I combine both the head and the heart, to achieve the desired result.

 

The International Coaching Federation (ICF) have their own definition and it is not too ‘management speak’ so I am going to read it out.

 

“Partnering with clients, in a thought-provoking and creative process, that inspires them to maximise, personal and professional potential.”

 

It does sound good, doesn’t it.

 

So why does it work?

 

Well I think there are lots of reasons for it working.

The particular ones I want to talk about today are:

 

Often we are inside our own head and can’t see ourselves.

A coach provides that external perspective

 

The other thing, is when is the last time, that someone really deeply listened to what you are saying, with a view to helping you, as opposed to replying or putting their point of view across?

 

The one key skill that all coaches agree on is that listening, particularly deep listening, is the most important thing.

 

Other skills they tend to have are ‘reflecting back’ so you hear what you say fresh, or asking questions.

 

Innocent questions because they don’t know you, to get you to the core of something.

Or challenging questions to stimulate a response.

They also hold you accountable, supportive, bring their expertise to a coaching session and I thing the one thing you perhaps don’t think of, is coaches are generally your biggest fan club.

 

They want you to succeed more than anyone, because they often become coaches to make a difference.

 

Coaching is essentially an opportunity, a modern opportunity, to spend time really looking at you and your life, as the main focus, and that’s why it works.

 

Thank you very much for watching.

 

 


Is There Anything I Need to Do With My Business Before the End of the Tax Year on 5th April 2017, in the UK?

 

Is there anything I need to do with my business before the end of the tax year on 5th April 2017?  (UK)

 

Now this is the time of year accountants and financial advisers get very excited, they are also quite often busy.

 

It is all to do with Tax Allowances, which I know sounds really boring but it is essentially the government’s way of encouraging us to do things , like savings and pensions and other things like that.

So before you glaze over and switch off.  I have made it as simple as possible.  So you can start your journey of understanding these things, because they are important and will provide for your financial future.

 

Let’s face it, most of us don’t get up in the morning going yeah! Let’s sort out our savings and pensions and tax allowances, how exciting!

 

So simple, so clear, let’s go.

 

If you bring home to you, less than £11,000, from all your jobs and businesses. That’s £11,000.

 

Here are my suggestions to consider.

 

Firstly

Putting some money in an emergency savings account – you know it is important, well now is the time to create or add to your emergency savings.

 

Secondly

To check your eligibility for the state pension, before you go ‘nooo, not relevant’ and dismiss it.

 

You only need 30 years of national insurance now to be eligible and if you are self-employed, it is actually a really good investment.

 

One they are probably going to change in a few years, so worth looking at this year.

 

This is the one thing I recommend you do – get a statement from the government on where you are with your state pension. click here to apply

 

So check out your state pension as it is a very good investment particularly when you are self-employed.

 

Lastly

Married Couples Allowance

I know it sounds archaic but was brought in by David Cameron and not of lot of people know about it.

It will give you £220 a year, so worth considering.  You can just apply online.

You are eligible if one partner is earning less than £11,000 and one partner is earning over £11,000.

Click here to apply.

 

I know, but you want to know these things, don’t you!

So that’s clear, if you are earning £11,000 or less. You can find out more on www.gov.co.uk

 

Let’s look at if you bring home over £11,000?

 

I have a few more tips to include.

 

The more you earn, the more important these things are to look at.

 

Firstly

Back to savings again – it is even more important now, that you have emergency savings.

When you earn over £11,000 you might want to put the money into an Individual Savings Account (ISA).

You will probably see lots of TV advertising and print advertising saying ‘Use your ISA Allowance’.

 

It is a place to put savings where we don’t get taxed, so well worth it if you pay tax, that’s an ISA.

 

In fact, the government has started a new Lifetime ISA if you are under 40 to encourage young people to save.  It is even better than a standard ISA.

http://www.moneysavingexpert.com/savings/lifetime-ISAs

 

Secondly

The second thing is a personal pension.

It is incredibly tax efficient to put money in a pension.

The government actively wants us to do it.

So once you start earning over £11,000 and definitely when you get to £43,000, you want to be putting money in a pension and providing for your future in some way or other.

 

Would recommend a financial adviser here or starting off with one of the simple ones, again check out https://www.gov.uk/personal-pensions-your-rights

 

Lastly

This is a business one

If you are about to make an expensive purchase anyway?  It can be worth consciously deciding which tax year to buy it in, either before or after the 5th of April.

Accountants get quite excited about this.

 

In conclusion

So that is it, not perhaps as complicated as you thought?

 

As I said, we never wake thinking, ‘let’s do the really complicated stuff today’ but it is worth it.

 

On this blog, as well as including the exciting things, I wanted to cover some of the more difficult things, people avoid, put off and generally blank!

 

The action for the end of the year,

well there is nothing you have to do but providing for your financial future is highly recommended.

 

Take one action today towards your future.  Put some money in savings and/or order your state pension statement.

 

Thank you very much for watching this, I have much respect for you watching these videos, particularly when they are about more difficult subjects. 

Thank you.  Jenny

 

 


Money and Spirituality

Maggy Whitehouse is a specialist on money and spirituality based in the U.K.

Describing herself as a prosperity consciousness mentor, Maggy has written many excellent books on money, spirituality and religion whilst also being a BBC Journalist and stand up comedian.

Jenny will be back next week as usual.

 

 

So what is prosperity?

 

Whenever people come to workshops around prosperity consciousness,

usually there is a spiritual group of them who have a little bit of an issue about whether or not it involves money.

It is OK to say you want happiness and health and the world to be healed and all war to end but actually to put your hand up and say, er I’d like a bit of money too seems to be quite a difficult thing.

 

In prosperity conscience training money is purely an energy.

 

The truth is if we are struggling around money, we do want more money.

 

I actually get people to close their eyes, put one hand over their eyes, put there arm up in the air in a fist and then I say, ‘now nobody can see you, everybody who would like some more money in their life, just raise one index finger, and they all do’

There is this huge inner training that mostly comes from 2000 of misunderstanding Christianity that believes if you are spiritual, it is kinda wrong to be rich.

 

think on this, you can’t give from a place of lack, you can’t help from a place of emptiness, you can’t teach someone else to fish if you don’t know how to fish.

 

It is perfectly OK, spiritually right and perfectly good to be spiritual and rich.

 

So if you can, just be aware that the only reason you are not, it is because of this inner belief that somehow it is wrong.

 

Making money wrong isn’t going to help the law of attraction and if you think that people with money are wrong that is not going to help the law of attraction either.

 

These are all ego thoughts, making someone else wrong is kinda of an excuse so we don’t prosper.

Learning to teach prosperity consciousness is not selfish, it is the most unselfish thing you can do.

If you can learn prosperity consciousness from all the wonderful resources on YouTube, especially the Abaham Hicks ones which are my favourite and you become prosperious and wealthy, you can teach others to do that same.

 

I can teach 10, those 10 can teach 10, who can teach 10 , who can teach 10 and that will be the end of the world poverty consciousness issues.

www.MaggyWhitehouse.com

 

Jenny will be back next Thursday 9th March at 8pm with a

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When will my business be successful?

 


Get Out of Debt Forever

Get out of debt forever

yes it is possible,

mainly I focus with Money Coaching on bringing money in,

so when someone brings up debt half way through a session, I know it is probably a little more serious than they are letting on,

so I recommend taking dramatic action.

 

My 2 steps are:

Firstly: Dramatically, drastically reduce all your expenses

This does involve having really horrible, embarrassing conversations with people, about getting out of things you have committed to, that are awkward and emotionally yuck.

Remember that yucky feeling is what will stop you going into debt again. Breathe.

I did say they were dramatic.

 

Secondly: Get a part time job

All my clients are in business and we try and get a quick win on their business or schedule a follow up session.

The reality is sometimes businesses go through peaks and troughs or they just take longer to make money that you expect so getting a part time job does at least bring in some income, which does make a difference.

Now these are quite dramatic solutions, and the reason is to try and shock people out of denial, into dealing with their debt.

Often there is someone in their life they can talk to but they haven’t because they are too embarrassed.

After a conversation with me! They are much more likely to do that and come up with a less embarrassing, less awkward situation.

So it is about getting out of denial and into action because once you are in action, the worry and the stress just calms down quite a lot.

It can be done and all my clients who have followed this advice have got out of debt and none of them have got back into debt.

So I know it is a difficult subject and I wish you the best with it.

Thank you for watching.

 


How Much Money is Enough?

How much is enough money?

There is no right answer, only the right answer for you!

What makes you feel happy, contented and feel good about yourself?

Now I am talking personal money here, just for you.

Not charitable contributions or community donations, or for anyone else.  Just for you.

 

 

I have asked 100’s of people this question

(I know, but that is what I am interested in), mostly in the early stages of business.

Generally, the answer is a blank look.

It is very rare for someone to actually have an answer,

ever rarer for someone to have  a money goal,

(which is obviously something I get excited about).

 

Yet happiness surveys tell us “having enough money increases our happiness” but once we have enough, then it is all about our health and our relationships.

 

So it could be interesting to work it out?

You don’t have to do it formally,

just on the back of an envelope, but I wonder what the answer would be?

 

Alternatively, decide you have enough money and enjoy it.

 

Thank you for watching.

 


I Want More Money

I want more money.

Probably one of the most popular questions, although people to tend to put it more subtly.

I would like to grow my business
I should pay off my overdraft
I need to solve my immediate concern

So today I am going to give you one method of doing just that.  It is only 2 steps, so if you are ready?

Step 1   Give yourself permission

Step 2   Take action

Give yourself permission, then take action and you need to do it in that order.

 

Let me give you an example:

I was working with a mother who ran a very successful business.

When she decided to go part-time, her income crashed.  She couldn’t understand why?

We had a conversation and she realised that she had been a tad condescending

about mothers who worked part-time. Thinking they weren’t really serious about their business and didn’t make much money.  So that is where she found herself.

Obviously that statement isn’t true in all cases, people have different opinions.

What she did is give herself permission to earn her professional rates, however many hours she worked.  She went back to work, took a couple of actions and within a couple of weeks was back earning a good income.

So that is the way, give yourself permission and then take action.

Now I know if can be difficult to see inside your own head!

 

Talk to a friend or partner if they are positive about money, as they can usually see things you can’t.

Alternatively, write a letter to money, there is a template on my website.

Email me to book a confidential conversation about money

 

Thank you for watching.