Latest News & Updates
National Insurance explained – Video
National Insurance explained by Video, how cool is that. Are you looking for a simple explanation of National Insurance (NI)? You have come to the right place In this video, I am going to be talking about National Insurance specifically, what it is The rationale...
VAT Responsibilities for UK Businesses: Supplies, Records and Returns
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...
Video on your VAT responsibilities
Your VAT responsibilities after registration continue until the day you come out of the VAT system. As an unpaid tax collector for HMRC you must know your duties and responsibilities. The last thing I want is for you to end up on the naughty step with HMRC and run...
What Is VAT? A Simple Introduction for Business Owners
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...
What is VAT – Easy introduction
What is VAT ? VAT, or very awkward tax as I like to call it confuses and scares many business owners. Above all, Fear not! I'm going to talk to you about what VAT is, how it affects your business, and enlighten with how the VAT system works. This is part 1 of a...
Struggling with Mental Health and Money
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,...
Your money and your mental health
Your money and your mental health are connected. As a result well-being has a direct impact on how you handle money in your business. Moreover, and in the same breath, worrying about money has a direct impact on your mental health. So your attitude to money is varied...
Build Your Cash Flow with a Spreadsheet: Create a Practical Forecast
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....
Make your cashflow forecast with Microsoft Excel
Do you want to know how to Make your cashflow forecast with Microsoft Excel? Making your own cashflow forecast is easy with Microsoft Excel. You can use it for any business, big or small. It’s the world's leading spreadsheet and has been around since 1985. If you're...
How to Make a Cash Flow Forecast From Your Business Story
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,...
How to build your cashflow forecast
Do you want to know How to build your cashflow forecast? You might be thinking, "I don't need one of those. I'm not going out of business!" But if you're like most people, your business is constantly changing and growing. And when it does change or grow, that's the...
Why cash is your financial business priority
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...
Why cash is important for business
Why cash is important for your business is this week's topic. In previous videos I've looked at turnover and profitability, but this time cash is in the spotlight. I will look at Why cash it is the key financial number in your business. What cash is Why cash is...
What is profit in your business?
Last week I talked about turnover, this week it’s What are your business profits? Most people see profit as the difference between money in and money out. When people say money, they mean notes and coins, what's in their bank account. That sounds nice, and easy to...
What is profit in business?
Profit should be one of your main business goals, but What is profit in business, and why is it so important? Making profits should be one of your key financial and business goals. Profit is used to build sustainability, monitor, manage, and measure your performance....
What Is Turnover in Business? Sales, Revenue and Why Profit Matters More
What is turnover in business? Turnover is the total value of what your business sells before deducting costs. It is also called sales, revenue or income, and it appears in company accounts, tax returns and everyday business conversations. However, turnover on its own...
What turnover means in your business
My question to answer today is What turnover means in business. It doesn’t help you that there are different terms for turnover, for example revenue, sales, and takings. In this short blog-vlog I will Tell you what turnover is How to calculate it Why turnover is...
What are the risks of self employment?
What are the risks of self employment? Great question. Risks and life go naturally together. It's as natural as ham and pineapple pizza gin and tonics and cheese pickle sandwiches. That's no different when you enter the world of business and you start working for...
Dealing with risks of self-employment
How to deal with the risks of self-employment Risks are all around us, dealing with the risks of self-employment is no different. Are you working for yourself, are you thinking about becoming self-employed, and want to know how? As with any change in life there are...
How to Claim Tax Back for Working from Home
Can you claim tax back for working at home? Have you had to work from home because of COVID? Would you like to know how you can claim tax relief and get extra cash into your pockets? Well, carry on listening to this this week I Hate Numbers podcast episode to find...
Tax relief when working from home
If you have not been able to go to work because of COVID, you can claim tax relief for working from home and get some extra cash. In this blog-vlog I will explain: How the tax relief works for employees working at home Who qualifies and how you can check How you claim...
Payments on Account Explained: What They Are, When to Pay and How to Reduce Them
Payments on account can catch you out if you submit a UK Self Assessment tax return and owe more tax than expected. They are advance payments towards your next tax bill, and they can create a nasty shock if you only budget for the tax you already owe. This episode is...
Self assessment payments on account
Calling UK taxpayers, be aware of the self-assessment payments on account. If you are not prepared, then this will a nasty shock to your bank balance. As well as your stress levels! I have got you covered. I'm going to talk about: What the payment on account is How...
Claiming the fifth Self-Employment grant
Self-employed and want to know more about the fifth Self-Employment grant? Most importantly, the fifth Self-Employment grant differs from previous grants. There’s an extra turnover test to see how much you can claim. This podcast looks at this, grant eligibility, what...
Can you claim the fifth self-employed grant?
Have you heard about the fifth self-employed grant? The fifth self-employed grant is a government initiative helping people who are self-employed. It’s due to be paid out over the summer months, covering the periods between May 2021 and September 2021. Today’s vlog...
Social Enterprise and Community Interest Companies Explained
About this episode In this episode, we explain what a Community Interest Company is and how CICs can support social enterprises that want to make money while creating positive community impact. A CIC can be a useful structure for people who want to run a business with...
What is a Community Interest Company?
A Community Interest Company (CIC) fills the gap between social enterprise and traditional for-profit business. Furthermore, it's designed for those with an interest in solving social problems. Taking on public contracts as well as private ones. It gives you more...
What goes into form W-8BEN-E?
When and how to complete form W-8BEN-E is a must for non-US tax resident entities earning money in the US. This week’s I Hate Numbers podcast follows on from last week. Last week I dealt with individuals and sole traders earning money from the US, who have income...
How to complete the W-8BEN-E form
How to complete the W-8BEN-E form is not a party trick or something to impress your friends. It’s a must do if you're a non-US tax resident company, partnership or a charity receiving income from the United States. Do you want to stop 30% withholding tax from being...
W-8BEN Form UK: Who Needs It and How to Complete It
If you are a UK individual or sole trader receiving certain payments connected with the United States, the W-8BEN form UK question can appear before you get paid. The form is used by foreign individuals to establish that they are not a US person, confirm that they are...