Latest News & Updates
4 Bad Business Habits you Need to Overcome
In this episode, we explore Bad Business Habits that can slowly but surely undermine growth and profitability. Surprisingly, many business owners develop unproductive habits without fully realising their long-term effects. Accordingly, addressing these...
Are You Running A Dormant Company? Here’s Everything You Need To Know
If you’re running a dormant company, or thinking about making your business dormant, there are some key things you need to understand. Dormancy is a status for companies that aren’t actively trading. While it might seem like a low-maintenance option, there are still...
Essential Dormant Accounts Compliance Tips for Directors
Dormant accounts play a significant role in business compliance, especially for company directors. When a company is dormant, it’s essential to understand both the Companies House and HMRC perspectives. Although both consider dormancy differently, each...
Shareholders and Directors: What’s The Difference In Their Roles
Shareholders and directors both play crucial roles in a company, but they have distinct responsibilities and powers. Understanding these differences is key to managing a business successfully. The differences between shareholders and directors Think of shareholders as...
Defining Shareholders and Directors’ Roles
Shareholders and directors each have unique roles and responsibilities within a company, yet people often confuse the two. As we discuss this in the episode, we aim to clarify these distinctions for UK companies. However, these principles apply...
Limited Company Director In The UK: Understanding The Responsibilities
Being a limited company director means making smart decisions for your business - but doing it in a way that benefits the company as a whole. It’s important to understand your responsibilities in order to avoid any legal or financial pitfalls in the future. As a...
Responsibilities of a Director in a Limited Company
The Responsibilities of a Director in a limited company carry both exciting opportunities and substantial responsibilities. Whether we are leading a small business or a larger organisation, being a director means understanding our role fully....
Move To Cloud Accounting To Streamline Your Business Finances
If you are still keeping track of your business finances with spreadsheets, data entry, or any other outdated software, this could be the best time to finally move to cloud accounting. More and more businesses are making this switch, and that is simply because cloud...
Switching to Cloud Accounting
Transferring to cloud accounting is a game-changer for businesses today. It undoubtedly streamlines financial operations while providing real-time data and insights. Consequently, businesses can manage their finances more efficiently, ensuring smoother...
Cloud Accounting Myths Debunked: Why It’s The Right Choice For Every Business
Managing finances can be one of the most challenging aspects of running a business. Keeping track of invoices, expenses, payroll, and taxes can quickly become overwhelming. Cloud accounting has changed the way companies handle their finances, but a lot of businesses...
Clarifying Cloud Accounting Myths
Cloud accounting myths often deter businesses from embracing this efficient financial solution. We understand that hesitation can stem from misconceptions surrounding cloud accounting. However, we are here to clarify these myths and demonstrate how cloud...
Cloud Accounting vs Traditional Accounting: What to Choose?
Do you still use old-fashioned ways to handle your business’s money, like writing things down or using outdated software? Keeping track of invoices, entering numbers by hand, and fixing mistakes can feel like you're always doing extra work. That's why the topic of...
Embracing the Future of Financial Management with Cloud Accounting
Cloud accounting is undeniably transforming the way businesses manage their finances. Whether you're running a small business or a large enterprise, this technology offers a smarter, more efficient way to stay on top of your financials. Accordingly, in...
The Importance Of Self-Belief In Business
When building a business, most people focus on the right strategies, financial planning, market conditions, or even having a strong network. But in business, success starts with believing in yourself. This is because you’re more likely to overcome challenges, take...
Self-Belief in Business: Avoiding Arrogance and Smugness
Self-belief is crucial when it comes to succeeding in business. Undeniably, it can shape how we approach opportunities and challenges alike. Without confidence, even the best plans might falter because hesitation tends to slow progress. Thus, building...
Economies of Scale: Definition, Benefits and Challenges
When it comes to achieving high efficiency and reducing costs in business, the principle of economies of scale is what we need to understand, and then plan for it. This concept applies to all sorts of businesses - be they sole traders, LLCs or not-for-profits. It also...
Introducing Economies of Scale
Economies of Scale are crucial for businesses seeking efficient growth. This week's episode explains how this concept applies across industries, especially in small businesses and the creative arts. When businesses grow, unit costs generally decrease, leading...
Operating Profit: Understanding What It Is And How to Calculate It
When it comes to running a successful business, it’s easy to get caught up in sales numbers and gross profit. But here’s the truth: those sales numbers might be hiding a bigger issue, one that could slowly drain your business dry. Operating profit is giving you a...
A comprehensive guide to Operating Profit Margin
In this episode, we explore the Operating Profit Margin and its significance for your business. The Operating Profit Margin is a crucial metric that shows how much profit your business generates from its core operations after covering costs such as...
Inheritance Tax Exemptions That Protect Your Assets
When it comes to estate planning, inheritance tax is one of the biggest concerns many families face. It's the kind of tax that can sneak up on you and take a large part of what you've spent years building. The idea that your loved ones could lose part of their...
The Exemptions and Reliefs of Inheritance Tax
In this episode of the I Hate Numbers podcast, we explore "Inheritance Tax Exemptions and Reliefs." We'll explain the key elements that affect inheritance tax, including thresholds, gifts, and the importance of keeping records. What is Inheritance Tax? Inheritance tax...
Inheritance Tax: What It Is And How To Avoid Paying Too Much
.Inheritance tax is one of those things most of us would rather not think about, until we realise how much of an impact it can have on the wealth we’ve worked so hard to build. It’s a tax that can take a big chunk out of the money and assets you want to pass on. But...
Basic Inheritance Tax Strategies for Your Estate
We often consider inheritance tax one of life's unavoidable topics. Accordingly, we need to understand how it works and learn some basic strategies to minimise its impact. In this episode of the "I Hate Numbers" podcast, we explain what IHT is, how it applies, and...
Holistic Tax Planning Can Help You Make Better Financial Decisions
For many people, tax season is a time of year they’d rather avoid. But what if tax planning didn’t have to be this way? If you want to make tax season less stressful and more productive, holistic tax planning might be the answer. Holistic tax planning looks at the...