Latest News & Updates
Filing your tax return early
Filing your tax return early, what nonsense is this ? Are you tired of rushing to complete your tax return at the last minute? Do you dread the thought of sorting through endless receipts and documents? Filing your tax return early can provide many benefits. In this...
Three ways to change your attitude towards money
Let me share Three ways to change your attitude to money. Moreover, in this podcast I will look at way you should change your attitude. This week I Hate Numbers is not the just about how you make that change, in addition it’s about why you need to change. Money is...
Your attitude towards money
Do you want to know How to change your attitude towards money in your business? It's natural to be thinking about money, talking about money, and planning what you're going to do when you make money. But let me ask you a question! How often do you look at your...
Seven Tips to Increase Your Profits: Costs, Customers and Cash Flow
About this episode Sales can feel exciting, but sales alone do not keep a business healthy. Profit is what remains after costs, time, effort and resources are taken into account. If we want a stronger business, we need to understand what makes profit and what quietly...
Why your business must make a profit
What is your why for having your own business, whatever that, there are reasons Why your business must make a profit. Making profit must be at the top of your business goals, ignore that at your peril. Firstly, I am going to tell you why making profit is vital for...
Best timing for businesses borrowing money
When should your business borrow money? And yes, there will be times when it's good for your business to borrow. There will be times when it should be avoided. Planning, attitude, risk, and cost. These are the four things you need to consider when borrowing money for...
The mistakes in borrowing money
Are you looking for a new loan, and want to avoid The mistakes in borrowing money? Above all, do you want to know how to avoid those pitfalls? Just follow these four simple steps and you'll be on your way to avoiding those common mistakes when borrowing money for your...
When to pay off your business debt
You might be wondering, Should you pay off your business debt early. I have a few thoughts on when to pay off debt, but first let us talk about the four factors that come into play. There are four factors I want to share with you in this weekly episode of I Hate...
Should you pay off your Bounce Back Loan?
You are here because you want to know Should you pay off your Bounce Back Loan . Many of you would have already received some notices from your bank advising you that your Bounce Back Loans are coming up for repayment. A key question is should you pay them back now?...
Best Business Structure to Save Tax: Sole Trader or Limited Company?
Choosing the best business structure to save tax is not just about picking the lowest tax rate. Sole traders and limited companies are taxed in different ways, and the right answer depends on profit, National Insurance, Corporation Tax, salary, dividends, cash needs...
Choosing your business structure to save tax
Sole trader or limited company and Choosing your business structure to save tax ? Previously I talked about the differences between a sole trader and limited company. What you need to consider when deciding what business structure, you should adopt. You cannot make...
Which type of company is right for you?
Do you want to start your own business? Don’t know How to decide which type of company is right for you? There are two types of companies that you can choose from when starting a business. Sole traders and limited companies. Both have their pros and cons. Understand...
Sole trader or a company?
Should you be a sole trader or a company? You might think it is just about the name, but there are many other things to look at when considering whether you Should you be a sole trader or a company?. The choice will impact on many areas of your business, for example...
Choosing the right pricing strategy
Choosing the right pricing strategy and knowing what is right for your business is one of the most important questions and decisions you will face. Setting the right price for your product is an important part of running a successful business. It's not just about how...
Operational gearing & business
How operational gearing affects your business Do you know How operational gearing affects your business? In a nutshell it shows much risk you have, and affects your survival, growth, and prosperity. What is operational gearing? Firstly, let us talk terms. Operational...
What is your tax and status situation
Are you a self-employed individual, a freelancer or employer? Have you ever wondered what your tax and status situation is with your company? If so, this podcast is for you. Whether you are classed as self-employed or a worker has a major bearing on tax. Most...
New Capital Gains rules UK property
This blog and video looks at New Capital Gains rules for UK property, and how they affect you. Death and taxes, the two certainties in life, we can’t plan and control the first event, taxes are a different story. If you are a UK resident or non UK resident thus...
The Effects of the 2021 Budget on Your Business
How the 2021 Budget affects your business. Whether you are self-employed or running a company, there is something in here that will help answer your questions. Listen to find out more! Rishi Sunak, the Chancellor has spoken and presented his 2021 Budget. I know it can...
How you should price your products
This weeks blog and video continues with pricing, moreover How you should price your products, and how to calculate your product prices . In addition you need to know this when developing pricing strategies for your business. Our video goes through this So, if your...
How to Calculate Pricing Rates for Your Services
Pricing rates can be difficult to get right. Charge too much and you may lose customers. Charge too little and you can end up working hard without making enough profit to build a sustainable business. Your price also sends a message. It says something about your...
Charge for your services
How much you should charge for your services is a very common question. Spoiler alert, no one answer but we are here to help you figure it out for your business. Keeping tracking of your margin vs markup difference is a valuable way to inform how you are pricing...
Why Gross Profit Matters for Business Decisions and Cash Flow
Why gross profit matters is simple: it helps us understand whether our sales are leaving enough money to cover running costs, pay ourselves, support cash flow and build a stronger business. Gross profit is more than a number in the accounts. It affects pricing,...
Gross profit & your business
In this blog we are going to look at What gross profit means for your business. Your business journey map must have profit as a destination point, . If your destination is set for sales alone, then change your route or abandon your journey, it’ll end in tears...
Working Capital Explained: Why It Matters and How to Improve It
Working capital is the short-term money tied up in your business that keeps it moving day to day. It helps you pay bills, pay yourself, buy stock, finish work for customers, deal with suppliers and keep the business running. If your working capital is weak, even a...
What is break even to your business?
Most importantly you need to understand the components involved with business activity and breaking even. But how do you find out what your business requires to break even? What's break even? To clarify your business breaks even when your sales cover all your costs,...
How to diagnose business failure
How to diagnose business failure is episode 51 of I Hate Numbers podcast. The podcast is part of a wider mission. It's to help your business improve your money mindset, get closer to your numbers, make profit, survive, and thrive. Firstly, in last week’s episode we...
Management accounting
What is management accounting? Firstly, before we look at why your should use Management Accounting for your Business, let's understand what it is. Most importantly financial issues impact our working and personal lives. Knowing your numbers is important for all...
Why your business may fail
Why your business may fail is episode 50 of I Hate Numbers podcast. The podcast is part of my mission to help your business improve your money mindset, get closer to your numbers, make profit, survive, and thrive. Firstly, the motivation behind the choice of topic. ...
Profit & your business
What is profit? There are several important elements that make up your business story, some more important than, some less important than others. However, I think it would be safe to say that ‘profit’ is one of if not the most important element. Without profit where...
Profit for Tax Explained: Why Tax Profit Differs from Accounting Profit
Profit for tax is not always the same as the profit shown in your accounts. It is also not the same as the money sitting in your bank account. Your business profit, your accounting profit and your taxable profit can all tell different parts of the story. In this...