Operational gearing is an important tool for business owners and entrepreneurs. It's a measure of how much profits are being generated by the company's day-to-day operations, as opposed to its investments. In other words, it can tell you how lean your business is...
As we all know, the economy is not doing so well, but I want to show you How to survive a recession and prosper There are things you can do to survive a recession and even prosper! In this blog post, I will share with you some tips on how to make it through these...
Are you a business owner looking to make the switch to cash basis accounting? The transition can be daunting, but it's worth it if you want to make the most of your profits. In this podcast I'll take a look at how traditional accounting compares to...
Many small businesses in the UK are Using the cash basis for tax. This is a simple and straightforward way of accounting for your business income and expenses. In this video I'll explain how to use the cash basis for tax and highlight some of the benefits it offers. ...
Self-employed tax returns can be daunting, but they don't have to be! This weeks I Hate Numbers podcast takes you through how to fill in your self-employed tax return for the year 21-22. I'll explain everything you need to know, so you can be confident...
Completing your self employed tax return 21-22 can seem daunting, but it doesn't have to be. This video, part 2 of 2, follows on from last week. The process is broken down, so you can ensure that you're getting the most out of your tax return. Whether you're a first...
How to complete your self-assessment return 21-22 Why do you need to know How to complete your self-assessment return 21-22 ? Well, are you self-employed or run a small business? If so, you'll need to submit a tax return to HMRC for the financial year 21-22....
How to prepare your tax return 21-22 may not get the pulse racing. For some it may cause anxiety, apoplexy and poking eyes with sticks may come to mind. However, if you are one of the 10.2 million + people that must complete a self-assessment tax return it’s a...
In business, it's essential to make decisions quickly and efficiently. However, Decision making when things are calm is not the same as Decision making under uncertainty. In this video, I go through the the steps you need to take to make rational decisions when...
Have you ever wondered how to calculate customer lifetime value? Or what it even is? Above all CLV, as it is often called, measures how much a customer is worth to your business over the course of their relationship with you. Most importantly it considers all of the...
If you're a business owner, it's important to understand What changes when you. In this video, we look at what happens when you become VAT registered, and how it changes you and your business. So, What changes when you become VAT registered? Firstly, your mindset...
How to use Financial Ratio Analysis is part of your Numbers tool kit. This is part of the tool kit used, the key ratios used by business owners, analysts, and investors. In this vlog I cover the four common areas used in financial ratio analysis, Firstly,...
Know your numbers. Numbers are everywhere, and for the most part we just ignore them. As a result unless we're forced to pay attention to them when it comes time to do our taxes or budget for the month, numbers don’t seem interesting. Except they are if you become...
Knowing how to judge your financial performance can be tricky. Many factors come into play, and it's not always easy to know where you stand. In the words of Dietrich Bonhoeffer, “Action springs not from thought, but from a readiness for responsibility.” However, by...
Are you finding it difficult to stay Financially Accountable? You’re not sure where to start, or you feel like you're constantly falling behind. Don't worry, you're not alone! Improving your financial accountability is a process that takes time and effort. Don’t...
Who doesn’t want to know How to be successful? Most people think that in order to be successful in business, you need to be intelligent, have a lot of money, or know the right people. While these certainly don't hurt, there are other factors that are just as important...
Have you ever felt like a fraud? Like you're not supposed to be where you are or doing what you're doing? If so, then you may be experiencing Imposter Syndrome. Imposter Syndrome is a phenomenon that affects many people and can cause feelings of self-doubt and...
Are you are a single member (shareholder) company completing a W-BEN-E form? If yes, this vlog is for you as I show you How to complete Forms SS-4 and 8832 . What's the W-8BEN-E form ? Good question. The W-8BEN-E form is is a document that Helps US companies do...
Procrastination is a huge issue when it comes to business, and especially when it comes to writing your business financial plan. But that's okay! I'm here to help you through it. In this video, we talked about the different ways people procrastinate when it comes to...
We all know what it feels like to put things off until the last minute. Maybe you've left important tasks for the end of the day, telling yourself you'll work on them when you have more time. But inevitably, that time never comes. You might feel like you're stuck in a...
I HATE NUMBERS BOOK Rethink Your Relationship With Numbers For Big Business Success You don’t need to make huge changes in your life to be a profitable entrepreneur. In fact, most business growth comes from how much you know about your numbers and what you’re doing...
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...
How to avoid undercapitalization and what it is, is this weeks video and blog. It’s when you run out of money, and the company hits a financial brick wall. This video will cover what it is, why it’s a problem, and how to avoid it. The reason why so many small...
About this episode Cash keeps the lights on in business. Profit matters, but if cash runs out, the business can quickly feel under pressure. A cash flow forecast helps us see what money may come in, what money may go out, and what could be left in the bank each month....