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...
Results for "benefits" articles
32 Tax Efficient Ways To Get More Value For You!
Until recently, there has been no universal system for, reviewing your overall affairs and motives, and applying tax legislation to your situation, to see where you may benefit from advice retrospectively, presently and in the future. That’s why we’ve invested in...
A Tax Diagnostic Review, Just Right For You
Our Tax Services At I Hate Numbers, we split our tax services for you into three areas: Tax compliance: ensuring you to pay the right amount of tax to HMRC, on time. Tax advice: delivery of work to improve your tax position, to make a future saving, or to get cash...
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...
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...
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...
Dealing with child benefit charges as high earners
We embark on today's episode of the I Hate Numbers podcast with a mission: to demystify the complexities surrounding the "Higher Income Child Benefit Charge." This financial obligation affects individuals or couples with a combined income exceeding £50,000, leading to...
Vision to Victory: How the Business Model Canvas Drives Success
One of the problems, if not the biggest, that most business owners have when it comes to planning their future, getting more customers, figuring out the costs and making money is not taking into account all the important bits and pieces. That’s where a Business Model...
Visualise your business with the Business Model Canvas
In this week's episode, we delve into the Business Model Canvas, a powerful tool for visualizing and describing your business or organization. Understanding the Significance We often hear business owners and organizations talk about business models...
The Power of Project Tracking by Categories
Introduction Project Tracking by Categories is a big part of effective financial management is the cornerstone of business success. To unlock the hidden gems of profitability and optimize resource allocation, you need a systematic approach. In this blog post, we'll...
Project and Product tracking: Unravelling Profitability
In this discussion, we're going to explore the significance of tracking in running your business. Additionally, we'll be talking about the power of project or product tracking and how it unravels profitability. We'll shed light on the financial...
Get Paid Faster with Cloud Accounting
We live in a fast-paced business world, getting paid on time is a make-or-break factor for success. Delayed payments can disrupt your cash flow and create unnecessary financial stress. Luckily, cloud accounting, also known as digital accounting, has revolutionized the...
Steps for Migrating to Digital Accounting
In today's fast-changing business world, although staying competitive requires embracing innovation, consequently, we find ourselves exploring the realm of Digital Accounting. Benefits of Digital Accounting Before we dive into the practical aspects,...
What are your responsibilities as a company director?
In this I Hate Numbers podcast, we want to explore the multifaceted world of company director responsibilities. As business enthusiasts with over 28 years of experience, we've had the privilege of helping countless entrepreneurs reduce stress, boost...
The pros and cons of business debt
In this episode of the I hate numbers podcast, we delve into the crucial topic of business debt. While some might view debt as a risky path, it's not always doom and gloom. We'll explore the ins and outs of business debt, when to consider it, and how to...
Holiday Pay Obligations for Employers
As employers, we have a crucial responsibility towards our staff, particularly when it comes to holiday pay. In this video, we'll explore why honouring these obligations is essential for both legal compliance and good business practices. What is Holiday Pay and Who is...
Maximising your UK State Pension: Tips and Insights
Welcome to this week's "I Hate Numbers" video, where we'll delve into Maximising Your UK State Pension. Our focus will be on national insurance contributions and their link to the UK state pension. Additionally, we'll share valuable tips on how to supplement and...
Preparing effective management reports
Running your business requires many things, effective management reports are part of that list. One of your goals may be to solve your clients’ problems, have a motivated team and make money. But, just like any organisation, you need to keep an eye on the business...
Successful financial system implementation
Making changes to your business systems can be a daunting task, especially when it comes to finances. Whether you're introducing a new financial system for the first time or updating an existing one, there are six key things to keep in mind to ensure a successful...
6 strategies for financial system change
In this episode of the I Hate Numbers podcast, we'll explore six essential strategies to ensure a successful financial system change Identifying the Need for Change To start, it's crucial to identify the financial systems that require change or...
How to streamline your business costs and boost your cash flow
Knowing how to streamline your business expenses is essential for the success of any business. By implementing cost reduction strategies and streamlining expenses, you can improve your cash flow and bolster your business's financial health. In this vlog, I will...
Monitor and review your business activities
Introduction Running a successful business means you need to monitor and review your business activities, not just offer great products or services. It involves regularly reviewing and monitoring various aspects of your business, plus your financial activities....
How planning reduces anxiety and boosts profitability
In this episode of the I Hate Numbers podcast, we explore how planning can transform your business's future. Discover how planning reduces anxiety, empowers decision-making, and boosts profitability. Why Business Owners Overlook Planning Many...
Understanding UK Social Enterprise
In recent years, social enterprise has gained significant traction in the UK. Additionally Understanding UK Social Enterprise is step forward. Moreover this is a powerful business model combining profit-making with social impact. Social Enterprises address social...