Latest News & Updates
How to calculate cash profits
Are you a business owner looking to make the switch to cash basis accounting? The transition can be daunting, but it's worth it if you want to make the most of your profits. In this podcast I'll take a look at how traditional accounting compares to...
Using the cash basis for tax
Many small businesses in the UK are Using the cash basis for tax. This is a simple and straightforward way of accounting for your business income and expenses. In this video I'll explain how to use the cash basis for tax and highlight some of the benefits it offers. ...
Filling in your self-employed tax returns
Self-employed tax returns can be daunting, but they don't have to be! This weeks I Hate Numbers podcast takes you through how to fill in your self-employed tax return for the year 21-22. I'll explain everything you need to know, so you can be confident...
Completing your self employed tax return 21-22
Completing your self employed tax return 21-22 can seem daunting, but it doesn't have to be. This video, part 2 of 2, follows on from last week. The process is broken down, so you can ensure that you're getting the most out of your tax return. Whether you're a first...
How to complete self-assessment tax returns
How to complete your self-assessment return 21-22 Why do you need to know How to complete your self-assessment return 21-22 ? Well, are you self-employed or run a small business? If so, you'll need to submit a tax return to HMRC for the financial year 21-22....
How to prepare your tax return 21-22
How to prepare your tax return 21-22 may not get the pulse racing. For some it may cause anxiety, apoplexy and poking eyes with sticks may come to mind. However, if you are one of the 10.2 million + people that must complete a self-assessment tax return it’s a...
Making business decisions in uncertain times
Making business decisions in uncertain times can be difficult. There are a lot of things to consider and it can be hard to know what the right thing to do is. However, by taking a few things into account, you can make decisions that will help your...
Decision making under uncertainty
In business, it's essential to make decisions quickly and efficiently. However, Decision making when things are calm is not the same as Decision making under uncertainty. In this video, I go through the the steps you need to take to make rational decisions when...
How to deal with a cost of business of crisis
If you're a business owner, then you know that the cost of doing business is always on your mind. But what do you do when that cost suddenly skyrockets? Whether it's an increase in rent, wages, or material costs, a sudden spike can be disastrous for your...
The cost of business crisis
Businesses are facing a cost of business crisis. This affects millions of business owners in the UK and around the world. Not in a good way. This is a crisis that's under reported, not widely discussed and very little financial support. However, it's something that...
Customer value – CLV, segmentation and retention
Customer lifetime value and segmentation is this week's episode of the I Hate Numbers podcast. Last week I kicked off with part one I will be continuing from part one my exploration of customer lifetime value by looking at Firstly CLV and net CLV...
The power in customer lifetime value
What is the is a power in customer life time value. Using numbers in the right way in your business is a powerful way to Firstly, give you insight Secondly, make great decisions Thirdly, reduce anxiety Also, to provide clarity More importantly help you make money, be...
How to use customer lifetime value
Numbers gives you business superpowers, you should be Using customer lifetime value as one of those numbers. In this podcast I will Firstly, break down what CLV is Secondly, how you can go about calculating it for your own business. Lastly, why it's...
How to calculate customer lifetime value
Have you ever wondered how to calculate customer lifetime value? Or what it even is? Above all CLV, as it is often called, measures how much a customer is worth to your business over the course of their relationship with you. Most importantly it considers all of the...
The impact of VAT registration on your business
So, what is the impact of VAT registration on your business. That is what I am looking at in podcast episode 127 of I Hate Numbers. There will be changes, and in the words of Charles F. Kettering “People are very open-minded about new things, as long...
What changes when you become VAT registered
If you're a business owner, it's important to understand What changes when you. In this video, we look at what happens when you become VAT registered, and how it changes you and your business. So, What changes when you become VAT registered? Firstly, your mindset...
How to use ratios to make financial judgements
Why should you use ratios to make financial judgements? Well, are you curious how well your business is doing financially? Or maybe you're looking to acquire or invest in a business and want to know what to look for? Ratios are a great way to judge a...
How to use Financial Ratio Analysis
How to use Financial Ratio Analysis is part of your Numbers tool kit. This is part of the tool kit used, the key ratios used by business owners, analysts, and investors. In this vlog I cover the four common areas used in financial ratio analysis, Firstly,...
Understanding and using financial ratios
There's no doubt that Using financial ratios in business are one of the most important tools that business owners have in their toolkit. By using financial ratios, you can get a better understanding of how your business is performing, and make...
Know your numbers and financial ratios
Know your numbers. Numbers are everywhere, and for the most part we just ignore them. As a result unless we're forced to pay attention to them when it comes time to do our taxes or budget for the month, numbers don’t seem interesting. Except they are if you become...
Measuring financial performance of your business
If you're a business owner, then Measuring your financial performance, keeping track of it is essential to your success. But do you know how to measure it? In this podcast I'll explain two important metrics for measuring your business's financial...
How to judge your financial performance
Knowing how to judge your financial performance can be tricky. Many factors come into play, and it's not always easy to know where you stand. In the words of Dietrich Bonhoeffer, “Action springs not from thought, but from a readiness for responsibility.” However, by...
Benefits of being financially accountable
If you're like most business owners, you think of being financially accountable as a necessary evil. It's something that you have to do, but it's not always fun or interesting. However, what if I told you that being financially accountable can actually...
How to Improve being Financially Accountable
Are you finding it difficult to stay Financially Accountable? You’re not sure where to start, or you feel like you're constantly falling behind. Don't worry, you're not alone! Improving your financial accountability is a process that takes time and effort. Don’t...