Prepare for Making Tax Digital -MTD, of 01-April-19 will soon be upon us. HMRC have started sending out nudge letters to VAT registered businesses. We have already registered our own clients with HMRC and migrated them over to our preferred platform of choice, Xero. Here at I Hate Numbers we’d love to share our […]
Property & Tax Five points Property Investors should take onboard when it comes to property and tax. 1 Consider the type of property and time frame of the investment, short term or long term. Property will either be commercial and/or residential property. Commercial properties include offices, hotels and warehouses.Regarding rental income, residential rent may […]
Get started with Cloud Accounting and Xero Firstly financial and business information plays a vital role in the management of businesses. Furthermore it is used for numerous day-to-day operations to help: Comply with accounts, tax, PAYE and VAT obligations Tell us about levels of cash, income, costs, debt and monies owing Track income and expenditure […]
Keep business cash flowing Firstly keeping business cash flowing is the most important financial commodity that keeps the business wheels rolling. Secondly cash is the life-blood of any business and is vital for survival, sustainability, investment and growth. As a result cash is needed for a whole variety of things, from paying staff, suppliers and […]
Tax Return’s Firstly there’s three key tips in for you to consider if you haven’t filed your Tax Return yet. More importantly the clock is ticking, the 31-Jan-22 is D-Day, and if late penalties will apply, even if no tax is owed. We’re in full swing here at I Hate Numbers! We will be contributing […]
Xero Conversion set up guide Set up Xero today! 1. Business legal name & associated registration and tax references 2. Financial year end for your organisation. 3. Logo, payment terms and a starting point for your invoice/credit note numbering sequence 4. Email address of your accountant or bookkeeper 5. Your chart of accounts or […]
In the digital age, the UK tax system is evolving to become more efficient, effective, and taxpayer-friendly. Making Tax Digital (MTD) is at the forefront of this transformation, aimed at positioning HMRC as a global leader in digital tax administration. But what exactly is MTD, and how does it impact businesses? Let’s explore this digital […]
How to manage cash flow Firstly managing cash flow is paramount for all businesses. Revenue is vanity, profit is sanity, and cash is reality. Secondly cash, what gets paid into your banks or your wallets/purses is the life-blood of any business. Cash is needed for a whole variety of things, including from paying bills, buying […]
Today we’re looking at the importance of taking time away from your business. In other words switching off from your business. So we thought it’d be nice to have a bit of a personal touch today by sharing with you all how we switched off from our business for a few hours at the weekend. […]
Firstly property returns are made by way of income (rentals and trading) and/or capital gains. This article will focus on the capital gains considerations for an individual residential property investor, post 5th April 2018. Property gains are calculated by deducting the capital costs from the value of the disposal. The disposal is normally by sale […]
Mental Health Here at I Hate Numbers we just wanted remind everyone to spare a moment and consider if you are looking after your mental health. From a business perspective we understand that we are all valuable business assets. That’s why you need to take care of yourselves and your staffs wellbeing. Talk about it […]
Work Life Balance Do you need “More Time”? Most of us do Do you have the right work/life balance?- Most of us do not Firstly it’s really important to try and make sure you do have both. Secondly we are happy to introduce our kitty Scampi as he’s truly mastered the art of his work […]
In business making more money is one of the things most of you want to achieve. During this week here at Pro Active Resolutions (PAR) we will be looking at ways to help you achieve this. We are going to talk you about proven Marketing strategies to financial know how. When business ignore these steps […]
Firstly lots of people have creative ideas that could potentially turn into a great viable business venture. However not a lot of these actually make it to the next step of actually turning it into a reality. Secondly converting a great idea into a reality is not easy. Furthermore even if you have enough resources […]
Employee motivation is highly important for the productivity and growth of any organisation. As a result employees who are motivated by managers show good efforts, get involved in critical processes and on the whole remain loyal to the organisation. Therefore employers should not overlook the power of motivation and should constantly try to boost the […]