The UK Tax and Accounting Podcast from I Hate Numbers:

Handling money in your relationship is this week's I Hate Numbers podcast. Money is one of the biggest sources of tension in relationships. I can help you learn how to handle money in your relationship and stop the arguing. You will be able to work together as a team, have fewer arguments and be happier with your partner. Listen  to find out more.   I'm going to share four tips with...

Choosing your targets, the types and difficulty needs thought and consideration. Choosing your targets is the right way to achieve your success .  Reaching your Northern star is your main aim, moreover having targets helps monitor your progress.  You are not alone!  Let me guide you along the path so we can both reach our goals together. It's a question many businesses face - what s...

Setting SMART targets is this weeks I Hate Numbers podcast. If your goal is vague, too distant and you lack commitment then this article might be for you. Setting SMART targets can help make that goal seem achievable. Those smart targets provide focus and act as a stepping stone towards those final goals. Smart stands for specific measurable, acceptable, relevant and time bound. You will feel more...

How to be successful in business, what does that mean to you?  When you hear people talking about being successful in business, Firstly, what image floats through your mind? Secondly, how does that make you feel? Thirdly, do you feel a sense of achievement failure? Not quite sure. All of those and more do you feel you're achieving your success? Do you feel like an imposter? Are you progressin...

Product Grouping for Your Business is an incredibly powerful way to run your business. It gives you Firstly, great insights Secondly, lessens your financial and mental anxiety about the future Thirdly, allows you to gauge profitability with a great degree of accuracy. In this weeks I Hate Numbers podcast I'm going to Firstly, outline the idea of what product groups are Secondly, give you examples...

Wondering how to price your products or services so you can make a profit? You're not alone. Figuring out the right price is one of the biggest challenges business owners face.  In this podcast I am going to tell the 2 key stages in pricing, don’t worry about the number crunching I have FREE online calc that steps in to help Firstly, focus on your 2 key financial outcomes Secondly, consider 5...

Five Money and Tax-Saving Tips is this weeks theme.  Do you want to save money on your taxes? You're in luck! In this 100th episode, I'm going to share five tips that will help you do just that. Furthermore, these tips will help you earn more money in the future. So whether you're already paying too much or are looking for ways to get a refund, listen up! Who doesn't want to save money on the...

Self Assessment tax returns are completed by millions of people every year. Find out why it's so important, what you need to include, and the costs and dates you need to know. Being informed about your taxes is the first step to making sure everything goes smoothly. You don't want any surprises when it comes time to file, do you? Click this link now and start listening to the podcast! It will answ...

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.  Furthermore, if you spend 35 hours or more each week looking after someone, then you could be eligible for this benefit. In the UK there are around 6...

Explaining the CIS scheme is this weeks I Hate Numbers podcast.  Read more to see what is covered Firstly, what the CIS scheme covers Secondly, what a contractor or subcontractor is Thirdly, requirements are in terms of reporting, in terms of registration, Fourthly, how tax should be correctly dealt with under the CIS scheme The UK Construction Industry Scheme (CIS) is a big and vibrant secto...

Success is all about BREATHING. I don't mean what your lungs do but the nine magic ingredients represented by the mnemonic BREATHING. Are you a business owner? Do you want to be successful in your business? If so, then this episode is for you. In this episode I'm going to talk about the nine magic ingredients represented by the mnemonic BREATHING.  As a business owner, if blended correctly le...

Understanding tax evasion and avoidance, is an essential piece of knowledge! Even if just to avoid prison food..  Do you Understand tax evasion and tax avoidance.  Moreover, do you know the difference between tax evasion and avoidance? Firstly In this podcast, I outline the difference between tax evasion and avoidance Secondly, I'll also discuss which one is naughty, and should be defini...

Using a Limited Liability Partnership is this weeks podcast theme. Are you looking to set up a Limited Liability Partnership? A limited liability partnership (LLP) has many of the features of a normal partnership and a company. In this podcast I will explain how set up an LLP, what an LLP is what the advantages and drawbacks are An LLP has the organizational flexibility of a partnership is taxed a...

Making your business partnership work can be one of the greatest pleasures of having your own business. With that in mind, if you’re planning to start a business venture with a friend, family member or associate as your business partner read on. Don’t assume that everything will be hunky-dory from day one. After all, business partnerships go through rough patches too, just like marriages. So make...

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 the owner may not have the same set of ethics either, or there could just be a communication barrier. If you are having any heartache due to...

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 explain how to change from sole trader to company by focusing on four key areas: mindset shift, battle of the forms, communication and tax...

Are you a business owner then this podcast Furlough Ends - Business Wrap Up is for you! You'll learn What housekeeping exercises are needed How to deal with overclaims The entries to be made in your tax return, self-employed or CT form. It's all jargon free so that anyone can understand it. What is Furloughing This is effectively employee hibernation. The Corona Virus Job Retention Scheme was...

Business Growth and Overtrading is one of the biggest problems facing businesses today,  Furthermore it impacts startups to established businesses.  It's easy enough to avoid if you know what signs look like but many companies simply don't have the time or expertise needed to spot them before they become an issue. Are you looking for a way to grow your business? If you're reading this, t...

Are you looking at a way of Calculating holiday entitlement and pay? Calculating holiday entitlement can be complicated, but it doesn’t have to be. In this week’s I Hate Numbers podcast I am going to look at how to calculate leave entitlements, the leave period and how to work out your holiday pay. It is important that you understand these things, so you stay on the right side of the law.  Fu...

About this episode Your financial statements tell the story of your business. The words in that story are numbers, and understanding what they mean gives us more clarity, control, and confidence. In this episode, we explain the key financial statements every business owner should know. We look at the cash flow statement, profit and loss account, and balance sheet. We also explain how these reports...

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, we explain how to price using target costing and why it works differently from traditional cost-plus pricing. We look at market pric...

About this episode Resources are vital for business growth and success, but resources are not just about money. They include people, equipment, systems, time, skills, reputation, working capital, and the ability to use those resources well. In this episode, we explain how to carry out a resource analysis for your business. We look at physical resources, financial resources, human resources, intell...

Undercapitalization and business failure go hand in hand, like Peaches and Cream, Gin and Tonic, Pineapple and Pizza. Undercapitalization is the main reason why many businesses, from start-up to established become financial failures and perish.  In this week’s podcast I'm going to talk to you about what undercapitalization means, what causes it why it's such a problem Tips to help you avoid t...

Claiming back VAT on cars, do you want to get VAT back on your car purchase? If you buy a car for business purposes, then the VAT is recoverable. But if HMRC thinks that it's not being used exclusively for business purposes, they will block your claim. In this week’s I hate numbers podcast, I am going to explain what exactly is meant by “exclusive use” and how you can prove that your car meets the...

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 increase in NI for April 2022. The government has announced a hike in NI to fund social care. Fear not that's covered later in...