Latest News & Updates
You’re not getting the tax advice you need
There’s an unspoken truth when it comes to tax advice: for business owners, there’s a complete lack of transparency from advisors over what tax advice actually is. This means as a business owner: …..you don’t know what to expect from your accountant …..you don’t...
32 Ways to Get the Maximum Value out of your Business
A question I get asked all the time is: ‘What can I take out of my business?’ and ‘how do I save more tax?’ Well, the quick answer is, ‘there’s up to 32 ways to get value out of your business, tax efficiently.' But the truth is, not all these 32 Ways to Get the...
Are You Eligible For R&D Tax Relief?
We’d like to draw your attention to a Tax Relief, R&D Tax Relief. R&D Tax Relief was introduced by the government to support and incentivise innovation amongst small and medium sized UK businesses. Qualifying businesses can make an R&D Tax Relief claim up...
Describing Yourself as a Business
In the world of business, the way you describe yourself holds significance - no matter if you are a startup, freelancer, or a charity. You can shape other people’s perceptions and make meaningful connections by saying the right things when describing yourself as a...
How do you describe your business
How do you describe your business in the business world? In this week's episode of the "I Hate Numbers" podcast, we tackle a topic often overlooked but with significant implications. You might wonder, "What's in the name?" Well, it turns out, quite a lot....
Tax Effective Giving Benefits Everyone (Video)
Are you looking to make a difference while maximising your financial benefits? Tax effective giving is more than just a charitable act; it's a smart way to give back that can offer significant financial advantages. With tax effective giving, you can experience the joy...
Tax effective charitable giving
https://player.captivate.fm/episode/fc39981b-1547-4379-a9eb-daa4d6758252 In today's episode, we explore tax-effective giving strategies for supporting charities in the United Kingdom. We'll delve into various methods individuals can employ to make donations while...
Tax Relief for Donations to Charity: Understanding Tax Benefits
Are you aware that your charitable giving could have a significant impact on your tax situation? Charitable giving and taxes may seem like distant concepts, but they're closely related in the world of finance. Introducing tax relief for donations to charity. Tax...
Understanding the Impact of Gift Aid and Charitable Giving
In this episode, we delve into the intricacies of the Gift Aid scheme and its profound impact on charitable giving. Since its inception in 1990 in the UK, Gift Aid has revolutionized the way individuals contribute to charities and Community Amateur Sports Clubs...
How to Approach Tax Planning for 2024: Tax Expert Tips (Video)
Planning and budgeting for your tax return is something we highly recommend to all our clients. Firstly, it brings a feeling of safety. Then it also lessens your anxiety as a business owner and allows for clarity in decision-making. But if you're not sure how to...
Managing your tax: Overview of Tax Planning
Moreover, we begin by visualizing the staggering amount collected by the government in taxes every minute. This serves as a reminder of the significant financial contribution businesses and individuals make to the system. Importance of Tax Planning...
What is Fiscal Drag? (Video)
Tax bill creeping up even when your income hasn't increased? Then you're certainly experiencing something called fiscal drag. We're here to break it down for you in plain English, without all the confusing financial jargon, so that you can loosen up those facial...
Fiscal Drag Impact on UK Taxpayers
In today's discussion, we delve into the concept of "Fiscal Drag" and its profound implications for UK taxpayers. This term, though not commonly discussed, holds significant relevance for our financial well-being. Fiscal Drag occurs when inflation drives...
Can’t Pay Taxes? Expert Tips on What to Do
The deadline for filing your taxes was 31st January 2023. And I’m sure you have filed them already. But now comes the time when you start worrying about having to pay the tax authorities what you owe. What if you can’t pay taxes right away? It’s not the best feeling...
What to do if you can’t pay your tax bill
Welcome back to another episode of "I Hate Numbers," where we aim to guide you through the maze of financial challenges. Today, we're tackling a common concern: "Paying Tax Bill." As your dedicated business finance fixers, we've got your...
Sales Forecasting Done Right: How to Ensure Maximum Accuracy
Sales forecasting is such a valuable element of business planning. It is the underlying plan of all plans! This is so because when sales forecasting is done right it can enable the business owners or managers to: be comfortable when making business decisions course...
How to Approach Sales Forecasting
In the realm of business financial planning, one indispensable element takes centre stage - sales forecasting. Whether you're part of a theatre company, a dance troupe, or a business involved in manufacturing or retail, understanding what your future income might look...
Business Costs and Profit: A Complete Breakdown
Understanding the different types of business costs is crucial for effective financial management. Because your profit will depend on the types of costs that prevail in your business. This blog looks at the relationship between the types of costs in your business and...
Costs and Operational Gearing
Greetings, everyone! In another episode of I Hate Numbers, your go-to for demystifying business finance, we unravel the intricate web of business costs and operational gearing. Understanding Fixed and Variable Costs: In the business realm, understanding your costs is...
Overcome Any Financial Disaster: A How-To Guide
There comes a time in business when things don’t go according to plan and you end up in debt. A pretty uncomfortable place to be in - I know. No matter how angry or sorry we feel for ourselves, it’s important to know how to overcome any financial disaster that comes...
How to deal with a Financial Crisis
In the world of business, dealing with a financial crisis is not a matter of if, but when. We, as business owners, often take risks, and sometimes these risks don't pan out as expected. The key is to remain calm and composed when the unexpected hits,...
Tax Obligations for CICs: A Brief Overview
Community Interest Companies (CICs) are a special type of company in the UK. They have a primary goal of benefiting the community or pursuing social objectives. Their involvement in the communities goes anywhere from arts engagement or enhancing technological literacy...
Tax responsibilities for Community Interest Companies
In today's podcast, we aim to explore and demystify the common misconceptions surrounding tax obligations for Community Interest Companies (CICs). As passionate advocates of business finance, we want to illuminate the intricate relationship between CICs...
Positive Money Mindset in Business: Why You Need One
Why is it important to have a positive money mindset in business? Having a positive money mindset is crucial for business success. It involves developing a healthy relationship with money. It does so by embracing abundance and cultivating a mindset that allows for...