Teen Drivers In The UK Are Prone To Take More Driving Risks

Many teen drivers take excessive risks when driving. When driving in the early hours of the morning or late at night they may think it’s safer. Research and data collected at auto repair shops suggest that peer pressure can encourage poor driving. As a result, teen motorists often ‘show off’ for their passengers causing a distraction, which can cause a need for vehicles to go to auto repair shops. Also, teen drivers might be under the belief that because routes are quieter at night it is safer for them to speed and pay less attention to the road.

Teen drivers are more at risk for impaired judgment
Teen drivers can also be more prone to abusing substances in the evening and driving impaired. According to auto repair shops, these teen drivers need to be taught that: spirits, wine, and drugs can impair your judgment. Drink driving can really ruin your life. Teens need to be reminded that any number of prescription drugs can also change their ability to operate a vehicle safely. Certain prescription drugs can impair reaction times and their ability to judge speed accurately.

Talk to teen drivers about being a responsible driver
Teen drivers need to be exposed to the dangers of goofing off in the car with friends. Celebrating excessively or dancing around to music can also cause major distractions for teen drivers. While road conditions can worsen in the dark due to fog or street lamps being out, auto repair shops suggest maintaining safe driving speeds no matter what time of day you are driving.

Talk about driver’s education
You can help educate your teen driver by showing them the ins and outs of cars on https://www.cars.com/. While driver’s education is a great way to help teen drivers learn safety, Cars.com has a plethora of safety information and videos as well. Many classes now restrict learners to safety for one year prior to obtaining a driving license. This allows teen drivers to gradually build driving skills. Mentors can monitor driver’s education and awareness of road safety more closely. Many auto repair shops believe this also limits passenger risks, accidents, and much more.

Talk about a safe driver agreement
Encourage your teen drivers to enter a safe driver agreement with you. Lay out your conditions and ask your children to sign it. The conditions can include limitations on filling their car with friends after dark and driving home from parties or study sessions. When they agree, for the first year of driving they can use the car unsupervised. This is a big step for teens! Rules are enforced by way of punishment: no extracurricular activities for a week, no car after school for a week, or no allowance for a month.

Set teens up with safety tracking technology
You can match ‘black box’ technology on your car and monitor teen drivers. This technology is now offered by some insurance agencies with discounts given to individuals who are shown to operate a vehicle safely. Reward your teen drivers who remain safe on the roads and keep insurance costs down by maintaining safe driving records. Teach them that the rewards will continue as they get older, and that’s how to stay out of auto repair shops for accidents.

Tax Return Vs Compiled Financial Statements

There are millions who submit tax returns each and every year and for the most part, they handle them with somewhat ease. However, when it comes to running a business in Australia, a lot of people get confused as to the type of returns they must complete. There are some who believe a standard tax return is necessary, while others believe financial statements are a must. It’s hard to know which way to turn so, what are the differences between a tax return and compiled financial statements? Read on to find out more.

What Goes Into A Tax Return?

Individuals and businesses can complete returns to report certain information to the Australian government. For instance, they can report how much money they earn or make throughout the entire year but there is a lot of additional information that can be reported. Income, deductions from work, exemptions, business expenses and lots of other information is added to ensure the government knows about your current working status. There are many who are exempt from tax returns such as those who have worked only part of the year or who do not earn over a certain threshold. However, a return can show what someone earns and for businesses, it can show what money they have made throughout the year. This could be important for investors and those looking to buy-out a company.

What Is A Compiled Financial Statement?

A Compiled financial statement is in fact very easy to complete and doesn’t take as much time as you would think either. However, this is different from a tax return in a sense. It will show the cash flow of a business, the income it makes throughout the calendar year, along with its expenses and of course any assets or liabilities it has. This basically shows the worth or value of a business and that can really attract investors if the info is good for them. To find out more, check out taxreturn247.com.au.

Will A Tax Return Still Be Required?

It doesn’t matter if you are completing a compiled financial statement, you will still need to complete a return for the past financial year. A lot of people forget this and find they get into a lot of trouble so it’s best for you to ensure you cover yourself and complete the necessary forms. Dealing with tax returns can seem a big pain but they are still necessary. Compiled financial statements are important for a business view and if you are planning to offer shares to someone, they need to be able to see your value. That is why both of these things are important.

Ensure Your Business Is Covered

Financial matters can be tiresome and for a lot of business owners they don’t actually know how to handle these but that cannot be any excuse. If you aren’t already aware, tax returns are necessary for businesses and individuals throughout the year. There can be some exceptions to this (if you haven’t earned enough) but for the most part, you’ll have to complete it. If you aren’t sure how to handle your tax return, get some help, especially if you have a business!

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