MTD and Incorporation , not something you normally see in the same sentence. From April 2026, self-employed individuals and landlords earning more than £20,000 annually will need to comply. If that’s you, get ready for big changes in how you report your income. But...
Starting a business as a sole trader means lots of decisions to make and stuff to do. One of the first questions is whether to run the business as a sole trader to set up a partnership with others or whether to form a company How you operate your business determines...
In this episode of the I Hate Numbers podcast, we explain what depreciation is and its importance in business. Albeit often misunderstood, it is crucial for accurately determining profitability. Essentially, we clarify that it is not merely a...
Increasing small business profitability is more than just lowering costs or raising prices. It's about achieving a balance between managing costs, optimising processes, and creating value that keeps customers coming back. We all know that running a small business is...
To start our journey towards understanding business success, we often overlook a vital tool: the profitability analysis. Yet, this oversight can hinder our ability to grasp our true financial standing. Calculating Margins Firstly, let's delve into the...
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...
Most importantly you need to understand the components involved with business activity and breaking even. But how do you find out what your business requires to break even? What's break even? To clarify your business breaks even when your sales cover all your costs,...
What is management accounting? Firstly, before we look at why your should use Management Accounting for your Business, let's understand what it is. Most importantly financial issues impact our working and personal lives. Knowing your numbers is important for all...
Working together with others on your business is good for your well-being, growth and bottom line. Don't forget that making money separates a hobby from a business. In this week’s episode of ‘l Hate Numbers’ I share four reasons why you should work with others. This...
You may be thinking, Do KPIs mater? Absolutely, they are a big deal. If you are in business, you need to understand what is going on. This week's episode is about measuring your performance, making judgements, and getting opinions. From the cradle to the grave we...
Building Your Business Growth Road Map is highly recommended in any business situation. This could for business growth, pivoting, or sustainability. William Hurley said this about ideas. Ideas are cheap, It is building them into profitable companies that is hard...
VAT or Value Added Tax is this week topic of I Hate Numbers. In the UK alone VAT raises £136.6 billion. This is approximately £4,800 for each household, 17% of the total UK tax take. The majority of countries have VAT or sales taxes, so VAT is a big deal. In this...
The Risks of Self-Employment is sometimes ignored. Freedom is something that everyone looks forward to when self-employed. More time for yourself, live life on your own terms. However, just like the business and financial risks, there are personal and lifestyle risks...
Being your own boss has a good ring to it, but there are Risks of self-employment. Making that transition to being self-employed is what millions dream about. It's filled with excitement, nerves, and a whole host of other emotions. I still remember clearly making that...
The MCP approach to business growth is a great philosophy. What's your business future look like, good, bad or is the jury out? Whatever your outlook, you cannot afford to stand and be swept away by inaction. In this episode of ‘I Hate Numbers’ I talk about looking...
In this episode of ‘I Hate Numbers’ I talk about Tax and your self-employed business. I dive deeper in this week’s podcast and look at the difference and add some numbers. If you are self-employed, you are basically your own boss. This was the topic of my podcast last...
When setting up a business one of the first considerations you will have to make is Choosing your best Business Structure. The common options are whether to operate as a limited company, a sole trader, partnership, or a charity! In this episode of ‘I Hate Numbers’ I...
Budgets are your business financial story. Budgets convert your business story and action plan into financial terms. Check out my previous podcast which talks about why your business plan is a smart way to map out your future story. Budgets is this weeks episode of...
“If you fail to plan, you are planning to fail” - Benjamin Franklin. That saying applies perfectly to business planning, or as I like to see it, planning your business journey. In this episode of ‘I Hate Numbers’ I am going to be talking about Planning your Business...
In this podcast I talk about the steps required in regards to migration to cloud accounting. Last week’s episode talked about how cloud accounting connects you more easily to your numbers. Likewise helping navigate your business present and future with ease. “There is...
Firstly, what's your view of your business numbers - Friend or foe? Secondly, if you are in business, how do you think of your numbers, with love, with dislike, or somewhere In between? That is what we are going to look at in this blog. . If you think that money is...
Recording and capturing your numbers is a must do if you want to take your business seriously. Last week’s podcast looked at the how bookkeeping gives life to your financial and business activities – and helps you make money. In this episode of ‘I Hate Numbers’ I am...
Today’s episode of I Hate Numbers is about Bookkeeping: Your business words. Travel back to Ancient Mesopotamia, Babylon, Assyria & Sumeria and you will see they have got their bookkeeping & accounting sorted. Documents from ancient Mesopotamia show lists of...
Welcome to today’s episode of I Hate Numbers where we talk about break-even. Making profits is what your business should aim to do. The financial milestone before that is for you to break even. Knowing your break even gives you better business insights, greater...