Why do businesses often neglect to review and monitor activities? In this episode, we find out why and the detrimental effects it can have on their success. By understanding these reasons and taking action, you can avoid missed opportunities,...
Podcast articles
How planning reduces anxiety and boosts profitability
In this episode of the I Hate Numbers podcast, we explore how planning can transform your business's future. Discover how planning reduces anxiety, empowers decision-making, and boosts profitability. Why Business Owners Overlook Planning Many business...
Asset Lock in Community Interest Companies: CIC Assets, Rules and Dissolution
Asset lock in community interest companies is one of the most important features of a CIC. It protects the assets of the organisation and helps make sure money, grants, donations, property and other resources are used for community benefit, not private gain. If you...
Social Enterprise Structures in the UK: CICs, Co-operatives, Companies and CIOs
Choosing between the different social enterprise structures in the UK starts with understanding what you want the organisation to achieve. A social enterprise combines business activity with a social, community or environmental purpose. However, social enterprise is...
Advantages of a Limited Company: Key Benefits for UK Businesses
The advantages of a limited company go beyond simply putting “Ltd” after your business name. A company creates a separate legal structure around the business. As a result, it can change your personal exposure to risk, the way ownership works, how you bring in...
The Benefits of Operating as a Sole Trader: Simple, Flexible and Tax-Aware
About this episode Choosing a business structure matters. Limited companies often get plenty of attention, but operating as a sole trader can be a strong, practical, and flexible option for many business owners. In this episode, we explain the benefits of operating as...
Tax Avoidance vs Tax Evasion: What’s the Difference?
Tax avoidance vs tax evasion sounds like a simple legal-versus-illegal distinction, but there is an important third concept in the middle: legitimate tax planning. Using an ISA, contributing to a pension or claiming a relief exactly as Parliament intended is tax...
7 Benefits of Filing Your Tax Return Early
The benefits of filing your tax return early go well beyond simply getting an unpleasant job out of the way. You can reduce deadline stress, receive a tax refund sooner if one is due, give yourself more time to check the numbers and understand what you owe before the...
Responsibility Centre KPIs Explained: Cost, Revenue, Profit and Investment Measures
Responsibility centre KPIs help you measure performance in the right parts of your business. Different teams, departments and business units control different things, so you should not measure them all in the same way. In this episode, we look at practical KPI...
What Is Responsibility Accounting?
Responsibility Accounting: A Comprehensive Guide Responsibility Accounting is a powerful management tool. It holds decision-makers accountable for financial outcomes. This article takes a further look in an easy to understand way. Let's dive into what...
Understanding your business capacity
Business capacity is the maximum amount of work a business can handle within a given period of time. This measure helps businesses understand their limitations and plan accordingly. For example, a bakery has a limited capacity for producing baked goods. This...
Director National Insurance: How the 2 Calculation Methods Work
Director National Insurance works differently from National Insurance for most other employees. Directors are still treated as employees for National Insurance purposes. However, their contributions are calculated using an annual earnings basis because directors can...
Coping with rapid business growth
How to avoid the dangers of rapid growth, my topic for this week's I Hate Numbers podcast. Growth is what all businesses think of. However, rapid growth and poorly managed expansion leads to challenges and headaches. In today's fast-paced and competitive...
Tips on how to achieve business success
Welcome to the latest episode of "I Hate Numbers," where we explore the strategies and Tips for achieving business success. In this episode, we discuss the importance of self-belief, a positive mindset, surrounding yourself with positive, strong,...
Tips to achive business growth
Is Achieving business growth on your agenda? Are you ready to take your business to the next level? Growing a business is no easy feat, but with hard work and dedication, you can make it happen. Here are some tips to help you succeed: Hard work and...
What role National Insurance plays in your state pension
Understanding the Role of National Insurance in Your UK State Pension is key to making informed decisions about your financial future. National Insurance is used to calculate your State Pension and affects how much you receive. Getting the full State Pension...
Help your business beat procrastination
Beating procrastination is a common theme in business. Procrastination is a common problem that affects many businesses, but it doesn't have to be a bad thing. In this week's podcast, I look at Firstly, what procrastination is Secondly why it happens...
Sales Turnover vs Profit: Why Turnover Is More Than Vanity
When comparing sales turnover vs profit, it is easy to give turnover more importance than it deserves. A growing sales figure can tell us useful things about a business, but it does not automatically mean the business is financially successful. Turnover tells us the...
When to investigate variances – managing by exception
When should you investigate variances is a massive part of financial management. it's also this week's I Hate Numbers podcast episode. If you're thinking, what's a variance, well that's the difference between where you expected to be financially (budget) and...
Using effective Financial Controls in business
Gaining Financial Controls for your business can be difficult and often rather daunting. Moreover, having the right approach and finance controls in place is essential to keep ahead of any financial issues that may arise. This week’s podcast looks at...
Setting and achieving business targets
Achieving your targets is this week's I Hate Numbers podcast. A target is a goal that has specific criteria for success. Furthermore, reaching it means you have got where you wanted to, it’s pat on the back time. Targets are an integral part of...
Effective KPIs That Work for Your Business: 10 Measures to Track Performance
Effective KPIs help you understand how your business is really performing. Good key performance indicators do more than track sales. They help you monitor cash flow, profit, working capital, customer behaviour, operational speed and quality. In this episode, we look...
Video about measuring business performance
Are you a business owner or manager looking for ways to measure the performance of your business? If so, then this video has all the answers you need! Watching it will teach you how to identify your business goals, choose the right metrics and collect...
5 Tax Return Mistakes to Avoid in Self Assessment
Tax return mistakes are easy to make when you are dealing with unfamiliar rules, missing information and a deadline at the same time. Some mistakes mean you pay too little and have to correct the position later. Others mean you pay more tax than necessary because you...