Self Assessment tax returns can feel stressful, especially when you are not sure whether you need to file, what information to include, what expenses you can claim, or what happens if you cannot pay your tax bill. Understanding the process helps you avoid surprises,...
Are you a carer and want to know How to claim Carers Allowance? What is Carer’s allowance? This is money given to people who look after someone with substantial caring needs. It’s not means-tested, so it doesn’t matter how much you earn or own. ...
CIS scheme explained in plain English helps contractors and subcontractors understand how the Construction Industry Scheme works. If you work in construction, pay subcontractors, or get paid by contractors, CIS affects registration, verification, tax deductions,...
Success is all about BREATHING. I don't mean what your lungs do but the nine magic ingredients represented by the mnemonic BREATHING. Are you a business owner? Do you want to be successful in your business? If so, then this episode is for you. In this episode...
Understanding tax evasion and avoidance is an essential piece of knowledge! Even if just to avoid prison food. Do you Understand tax evasion and tax avoidance? Moreover, do you know the difference between tax evasion and avoidance? Firstly In this podcast, I...
Using a Limited Liability Partnership is this week's podcast theme. Are you looking to set up a Limited Liability Partnership? A limited liability partnership (LLP) has many of the features of a normal partnership and a company. In this podcast, I will explain...
Making your business partnership work can be one of the greatest pleasures of having your own business. With that in mind, if you’re planning to start a business venture with a friend, family member or associate as your business partner read on. Don’t assume...
A successful employee handbook is what helps reduce your business heartache. Problems within a business can occur because there is a lack of clarity on some subjects. Mainly, the issues which arise are around the expectations of the business. The employees and...
About this episode Moving from sole trader to limited company is more than filling in a form. It changes how the business is seen legally, how money moves, how tax is handled, and how we communicate with suppliers, customers, staff and HMRC. In this episode, we...
Are you a business owner then this podcast Furlough Finishes - Next Steps is for you! You'll learn What housekeeping exercises are needed How to deal with over claims The entries to be made in your tax return, self-employed or CT form. It's all jargon-free so...
Business Growth and Overtrading is one of the biggest problems facing businesses today, Furthermore it impacts start ups to established businesses. It's easy enough to avoid if you know what signs look like but many companies simply don't have the time or expertise...
Are you looking at a way of Calculating holiday pay entitlement ? Calculating holiday entitlement can be complicated, but it doesn’t have to be. In this week’s I Hate Numbers podcast I am going to look at how to calculate leave entitlements, the leave period and how...
About this episode Your financial statements tell the story of your business. The words in that story are numbers, and understanding what they mean gives us more clarity, control, and confidence. In this episode, we explain the key financial statements every business...
About this episode Pricing is one of the biggest decisions we make in business. Charge too little and we damage profit. Charge too much and customers may walk away. Target costing gives us a different way to think about price, cost, value and margin. In this episode,...
About this episode Resources are vital for business growth and success, but resources are not just about money. They include people, equipment, systems, time, skills, reputation, working capital, and the ability to use those resources well. In this episode, we explain...
Undercapitalization and business failure go hand in hand. Just like Peaches and Cream, Gin and Tonic, Pineapple and Pizza. Undercapitalization is the main reason why many businesses become financial failures. In this week’s podcast I'm going to talk to you about...
Claiming back VAT on cars is one of those areas where a simple question quickly turns into a very awkward VAT question. You buy a car for the business. You are VAT registered. VAT appears on the invoice. Surely you can claim it back? Not necessarily. The general rule...
National Insurance easily explained means cutting through the jargon around NI, earnings, profits, payroll and contributions. Whether you are employed, self-employed or running payroll as an employer, NI affects how much money is paid, what gets deducted and how your...
VAT responsibilities begin when your business becomes VAT registered. You are no longer just selling goods or services. You are also collecting VAT for HMRC, charging the right rate, keeping proper records, checking supplier invoices, dealing with reverse charge VAT...
About this episode VAT can feel confusing, awkward, and intimidating for many business owners. However, once we understand the basic principles, the system starts to make more sense. In this episode, we explain how Value Added Tax works, how it affects businesses, and...
Do you struggle with Your mental health and money? You’re not alone. Millions of people are struggling with their mental health and money, but it doesn’t have to be that way. There is a solution! It’s not an uncommon feeling to feel overwhelmed by debt, anxiety,...
About this episode Cash keeps the lights on in business. Profit matters, but if cash runs out, the business can quickly feel under pressure. A cash flow forecast helps us see what money may come in, what money may go out, and what could be left in the bank each month....
If you want to make a cash flow forecast, do not begin by staring at an empty spreadsheet. Instead, start with your business story. Where are you trying to go? What do you expect to sell? What activity needs to happen? What will that activity cost? And, crucially,...
Cash is your financial priority, which is this weeks I Hate Numbers podcast. In previous weeks turnover and profits have been in the spotlight, this time Cash is taking centre stage. In this podcast I'm going to look at What cash is Why Cash is your financial...