For many people, tax season is a time of year they’d rather avoid. But what if tax planning didn’t have to be this way? If you want to make tax season less stressful and more productive, holistic tax planning might be the answer. Holistic tax planning looks at the...
Have you ever thought about whether you’re paying more taxes than you should be? For many people, the thought of dealing with taxes brings up feelings of stress and confusion. Personal allowances, tax codes, multiple income streams - it can all start to feel like a...
For many business owners, taxes can feel like a never-ending puzzle, filled with confusing paperwork, complex regulations, and the fear of making a costly mistake. But don't worry, with the right tax strategies, you can easily handle this. In this blog (and video) you...
Feeling overwhelmed as a small business owner? You're not alone! Stress and anxiety in business are no strangers to any business owner. But what is the best way to deal with it? Let’s find out… Stress And Anxiety In Business: What Causes It? Before you can deal with...
Do you know what due diligence is and why it's important for business collaborations? Whether you're looking to buy a company, invest in a new project, or enter a partnership, due diligence helps you determine the true value and risks of the opportunity. So, it's all...
Are you a business owner looking to improve your company culture and client relationships? One simple, yet powerful, tool might surprise you: kindness. Kindness in business is a powerful tool for success. Far from being a sign of weakness, incorporating it into your...
Are you making the most of taxable benefits? This is such an underused tax strategy, yet it is so powerful. But before we go into taxable benefits, Salaries And Dividends A salary, unlike dividends, is subject to the employer’s and employee’s National Insurance contributions (NICs). A small amount is normally paid as a salary. The […]
Have you heard of benefits in kind? If you haven’t, then read on to find out how this particular strategy can increase your tax savings as a business owner. What are benefits in kind? Well, they are perks or advantages provided to employees (directors as well) in...
Are you ready to take your business to the next level? If you've been searching for a way to master your business finances, reduce stress, and connect with a vibrant community of like-minded entrepreneurs, look no further than Numbers Knowhow. Firstly, let me...
Running a business is a challenging endeavour. It requires a lot of problem-solving and decision-making. And, it also gets much more difficult if you happen to accept some misconceptions or myths that are floating around in the business world. That's why I want to...
Are you a small business owner trying to wrap your head around the world of accounting? One term that might have you scratching your head is "depreciation." So, we're here to break it down in an easy-to-understand way. But, let’s start with the official way this...
Have you ever heard of the matching concept in accounting? You're not the only one if you haven't! Firstly, let me start by saying that it falls within the accounting basics. And now for the definition: The matching concept in accounting is fundamental in accrual...
Becoming a solopreneur is a bold move that blends independence with entrepreneurial spirit. Unlike traditional business owners, who might have a team to rely on, solopreneurs wear all the hats - from strategists and marketers to customer service representatives and...
Failure in business can feel like a punch in the gut, leaving you questioning your decisions and capabilities. But guess what? It’s not the end of the road! As a matter of fact, failure can be a powerful teacher and a stepping stone to greater success. Many of the...
Increasing small business profitability is more than just lowering costs or raising prices. It's about achieving a balance between managing costs, optimising processes, and creating value that keeps customers coming back. We all know that running a small business is...
Do you want to learn more about profitability analysis but aren't sure where to start? Understanding your company's profitability is critical for making sound decisions that can lead to increased financial success. Profitability analysis is a financial tool used by...
Running a business requires a good grasp of where your money is going. It's important to know the difference between capital and revenue expenses because it affects how you manage your budget and the financial health of your business. Understanding these will also...
What exactly is cash flow management for small businesses, and why is it so important for businesses to understand this financial aspect? Cash flow management is the strategic administration of a company's cash inflows and outflows, making sure that there is always...
Have you ever thought about what separates a successful business from the rest? It's more than simply having a fantastic product or service; it's also about mastering the art of cash flow forecasting. The power of cash flow forecasting It is more than just calculating...
Are you a business owner managing the complex world of financial management? In today's digital age, cloud accounting has emerged as an appealing solution that promises efficiency and accessibility. But is it really the right fit for every business? In my latest...
The importance of cloud accounting for businesses cannot be overstated. This innovative approach to financial management offers a range of benefits that can significantly impact a company's operations. Let me rephrase this, and start over... Firstly, I'd like to ask...
Are you wondering how to build a great business? What’s the secret? Well, it’s no secret at all. Firstly, build it by creating something valuable that people want and need. It's about solving problems, making life easier, or offering something unique and desirable....
Planning is like making a map for your business journey. It's super important because it shows you where to go and how to get there. Let's see why planning for business growth can make a big difference for your business. Can you beat the odds and succeed without a...
Did you know that if you take responsibility for your tax, you have good chances of reducing your tax bills by making tax adjustments? This involves understanding and fulfilling your tax obligations. Understanding taxes in the UK In my video about the UK Tax System,...