So, what is the impact of VAT registration on your business. That is what I am looking at in podcast episode 127 of I Hate Numbers. There will be changes, and in the words of Charles F. Kettering “People are very open-minded about new things, as long...
If you're a business owner, then Measuring your financial performance, keeping track of it is essential to your success. But do you know how to measure it? In this podcast I'll explain two important metrics for measuring your business's financial...
Using a Risk Register to manage risks is this weeks I Hate Numbers podcast When it comes to risk management, most business owners and entrepreneurs think of insurance policies and legal contracts. While these are both important aspects of risk...
It can be easy to put off creating your business financial story plan - after all, who has time for that? But don't underestimate the importance of this document. Your business financial plan is vital, serving as both your road map and your trusty...
How to budget your money is vital when times are challenging, and when times are good. A budget is a plan for how you will spend your money. It can help you save money and make better financial decisions. Creating a budget can seem like a hard task, but it doesn't...
We all know that being kind is good for our personal well being. But did you know that kindness can also be good for business? That’s right – being kind at work can lead to increased productivity, lower turnover rates, and a host of other benefits for your company....
Learn more about five Money Saving tips. Quick wins, straightforward to implement and access. Learn more your tax entitlements and generate funds Marriage allowance Married or civil partnership, it’s all about the love, but also some tax savings to be had. You can...
Are you a carer and want to know How to claim Carers Allowance? What is Carer’s allowance? This is money given to people who look after someone with substantial caring needs. It’s not means-tested, so it doesn’t matter how much you earn or own. ...
Claiming Carers Allowance is this week’s vlog. Furthermore, you may ask why. It’s a sad fact that nearly £1.3 billion worth of unclaimed carer's allowance in the United Kingdom. That’s almost 400,000 people who care for friends or relatives who are are missing out...
A successful employee handbook is what helps reduce your business heartache. Problems within a business can occur because there is a lack of clarity on some subjects. Mainly, the issues which arise are around the expectations of the business. The employees and...
If you ever find yourself asking: “Why do I even need an employee handbook to begin with?” – don’t! Employee handbooks are more than listing policies and complying with procedures. The best-crafted employee handbooks serve as a reminder about the company’s vision,...
About this episode Moving from sole trader to limited company is more than filling in a form. It changes how the business is seen legally, how money moves, how tax is handled, and how we communicate with suppliers, customers, staff and HMRC. In this episode, we...
About this episode Pricing is one of the biggest decisions we make in business. Charge too little and we damage profit. Charge too much and customers may walk away. Target costing gives us a different way to think about price, cost, value and margin. In this episode,...
Pricing using Target Costing is this weeks video-blog theme. Costs are reduced by as much as 25% to 30% under target costing, compared to traditional cost plus pricing. Above all your focus is on understanding and knowing your market conditions from day one. This...
National Insurance easily explained is to help self employed, employees and employer understand National insurance. In this weeks podcast I'm going to be talking about national insurance, NI for short. Specifically what it is why you pay how much you pay the planned...
What is VAT ? VAT, or very awkward tax as I like to call it confuses and scares many business owners. Above all, Fear not! I'm going to talk to you about what VAT is, how it affects your business, and enlighten with how the VAT system works. This is part 1 of a...
What are the risks of self employment? Great question. Risks and life go naturally together. It's as natural as ham and pineapple pizza gin and tonics and cheese pickle sandwiches. That's no different when you enter the world of business and you start working for...
How to deal with the risks of self-employment Risks are all around us, dealing with the risks of self-employment is no different. Are you working for yourself, are you thinking about becoming self-employed, and want to know how? As with any change in life there are...
About this episode In this episode, we explain what a Community Interest Company is and how CICs can support social enterprises that want to make money while creating positive community impact. A CIC can be a useful structure for people who want to run a business with...
A Community Interest Company (CIC) fills the gap between social enterprise and traditional for-profit business. Furthermore, it's designed for those with an interest in solving social problems. Taking on public contracts as well as private ones. It gives you more...
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...
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?...
There are many different business structures available, but What saves you the most tax?. Sole traders, partnerships, limited companies and more. Which one is best for your situation? In this episode of I Hate Numbers I'm going to look at What saves you the most 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...