HMRC's Crackdown on Invisible Income: What You Need to Know HMRC is turning up the heat on undeclared income. If you're running a business or side hustle, take note. In this blog, you'll discover how HMRC uses advanced technology, digital reporting, and informants to...
Making Tax Digital for landlords is arriving. Are you ready for the changes starting in April 2026? If you rent out property or operate as a sole trader, you must prepare now. Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) changes how you report income...
Trust forms the cornerstone of every thriving business relationship. Although many focus on profits and growth, this fundamental quality ultimately determines long-term success. Consequently, businesses that prioritize building strong relationships...
Overtrading can destroy even profitable businesses when growth happens too quickly. Although most business owners aim for growth, we often overlook the risks that come with rapid expansion. Furthermore, this week's episode explores why managing...
Why Financial Jargon Feels Like a Foreign Language Jargon can make financial discussions feel like navigating an unfamiliar country without knowing the language. Additionally, many business owners struggle with terms like equity, liquidity, and ROI, which can lead to...
Cashflow management is undeniably critical for the survival of any business. Although profits may sustain you temporarily, businesses cannot thrive without steady cash flow. Consequently, managing cashflow ensures that your business can handle unforeseen...
Billing mistakes can severely harm your cash flow and lead to unnecessary stress for your business. Because of poor billing practices, many small business owners find themselves struggling to keep their financial health intact. Consequently,...
Running a business in the UK - we know it comes with its fair share of tax responsibilities. And VAT is often one of the most confusing areas, especially reverse charging VAT. It's something every business owner, freelancer, or entrepreneur needs to understand....
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...
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...
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 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 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...
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...