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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...
Holistic Tax Planning: A Smart Strategy to Manage Your Taxes
Holistic tax planning is more than just a buzzword; it is a crucial strategy for anyone serious about managing their finances effectively. We believe that, to truly optimise your tax strategy, you must consider the entire tax landscape rather than...
Personal Allowances And Their Impact On Your Tax Obligations
Have you ever thought about whether you’re paying more taxes than you should be? For many people, the thought of dealing with taxes brings up feelings of stress and confusion. Personal allowances, tax codes, multiple income streams - it can all start to feel like a...
How to Maximise Your Personal Allowance
Imagine your income as a delicious cake. Who wouldn’t want a bigger slice, right? Maximising Your Personal Allowance is all about ensuring you keep as much of that cake as possible, even when the tax office is eyeing a big bite. Today, we’ll explain what...
How To Save Money For Taxes: Expert Tips For A Stress-Free Tax Season
For many business owners, taxes can feel like a never-ending puzzle, filled with confusing paperwork, complex regulations, and the fear of making a costly mistake. But don't worry, with the right tax strategies, you can easily handle this. In this blog (and video) you...
Save As You Go – A Smart Tax Management Strategy
Managing taxes is one of the many responsibilities of running a business. From personal self-assessment taxes to corporation taxes, the process can be daunting, overwhelming, and time-consuming. However, by saving for taxes as you go, we can avoid the...
Stress And Anxiety in Business: Practical Ways To Manage And Reduce It
Feeling overwhelmed as a small business owner? You're not alone! Stress and anxiety in business are no strangers to any business owner. But what is the best way to deal with it? Let’s find out… Stress And Anxiety In Business: What Causes It? Before you can deal with...
Stress and Anxiety: Coping Strategies for Small Business Owners
Stress and anxiety are part of the human condition. However, undue stress and anxiety are detrimental. As small business owners, we cope with numerous responsibilities. Besides delivering our products and services, we manage marketing, sales, accounting,...
Due Diligence: Why Is It So Important For Business Collaborations?
Do you know what due diligence is and why it's important for business collaborations? Whether you're looking to buy a company, invest in a new project, or enter a partnership, due diligence helps you determine the true value and risks of the opportunity. So, it's all...
Due Diligence: Strategies for Successful Collaborations
Have you ever entered a business collaboration or bought a service only to find out it was a mistake? We've been there, and it's likely because of a lack of due diligence. This week, on the I Hate Numbers podcast, we explore why it is crucial, how to conduct it, and...
Kindness In Business: What It Is And Why You Should Be Kind
Are you a business owner looking to improve your company culture and client relationships? One simple, yet powerful, tool might surprise you: kindness. Kindness in business is a powerful tool for success. Far from being a sign of weakness, incorporating it into your...
Why Kindness in Business Matters: Embracing Empathy for Maximum Impact
When you think about kindness, do you believe it applies in business, or do you assume you need to be ruthless, wear sharp suits, and tread over anyone in your way? Or do you think otherwise? In this week's I Hate Numbers podcast, we explore the place of...
Taxable Benefits, Salaries And Dividends
Are you making the most of taxable benefits? This is such an underused tax strategy, yet it is so powerful. But before we go into taxable benefits, Salaries And Dividends A salary, unlike dividends, is subject to the employer’s and employee’s National Insurance...
A Comprehensive Tax Efficiency Guide for Employers
Introduction Tax efficiency and tax planning are crucial for all businesses, whether private or non-profit. Additionally, one key area offering significant opportunities is benefit planning. Specifically, benefit planning allows you to remunerate your staff, including...
Benefits in Kind: Tax-Efficient Reward Strategies
Have you heard of benefits in kind? If you haven’t, then read on to find out how this particular strategy can increase your tax savings as a business owner. What are benefits in kind? Well, they are perks or advantages provided to employees (directors as well) in...
Tax Planning: Benefits in Kind – Your Tax Strategy Upgrade!
At "I Hate Numbers," we emphasize the critical role of tax planning for business owners and employers alike. Managing taxes efficiently isn't just a legal obligation—it's a strategic imperative. Today, we delve into a powerful yet often overlooked...
Numbers Knowhow Business Support: Community, Directory and Budgetwhizz
Are you ready to take your business to the next level? If you've been searching for a way to master your business finances, reduce stress, and connect with a vibrant community of like-minded entrepreneurs, look no further than Numbers Knowhow. Firstly, let me...
Defining, Achieving, and Avoiding Pitfalls of Business Success
Welcome to this week's episode of the I Hate Numbers Podcast, where we explore business success. We discuss what success means, how to achieve it, and common pitfalls to avoid. Notably, success differs for each of us; hence, defining it personally is...
4 Common Business Myths That Need to Go Away
Running a business is a challenging endeavour. It requires a lot of problem-solving and decision-making. And, it also gets much more difficult if you happen to accept some misconceptions or myths that are floating around in the business world. That's why I want to...