The UK Tax and Accounting Podcast from I Hate Numbers:

Are you a self-employed individual, a freelancer or employer? Have you ever wondered what your tax and status situation is with your company? If so, this podcast is for you. Whether you are classed as self-employed or a worker has a major bearing on tax. Most importantly it affects how you are paid, and your obligations pertaining to paying taxes. The two main ways that you will ear...

How the 2021 Budget affects your business. Whether you are self-employed or running a company, there is something in here that will help answer your questions. Listen to find out more! Rishi Sunak , the Chancellor has spoken and presented his 2021 Budget. I know it can be hard to understand what this means for your business, so we have put together a quick guide on what you need to know about the...

How you calculate your pricing rates How you calculate your pricing rates is vital for your business. Why should that be so? Firstly, it helps you achieve your goals. Secondly, it sends a message to your clients about you and your business. Above all, your pricing is there to make you profit . Moreover, it goes towards building you a sustainable, giving you time, choice, a...

Your gross profit and business decisions There are so many needed, powerful and insightful business decisions you need to make. You can’t do that unless you know some key financial numbers. Gross profit is one of them. What sort of decisions, let’s list a few Break even. How much you need to sell to cover costs, meet your financial targets, your safety cushion. How much you should c...

Why Working Capital is Important for Your Business is episode 52 of I Hate Numbers podcast. The podcast is part of my mission to help you get closer to your numbers, to appreciate the power of what those numbers can do. Improve your money mindset, help you make more profits, save taxes, and help you have the business you want and deserve. Firstly, let me tell you what is in his week’s episode. Wha...

How to Diagnose Business Failure is episode 51 of I Hate Numbers podcast. The podcast is part of a wider mission. It's to help your business improve your money mindset, get closer to your numbers, make profit, survive, and thrive. Firstly, in last week’s episode we looked at one way of looking at business failure. Secondly, the words poor and leadership were common factors. Why diag...

Why Your Business May Fail is episode 50 of I Hate Numbers podcast. The podcast is part of my mission to help your business improve your money mindset, get closer to your numbers, make profit, survive, and thrive. Firstly, the motivation behind the choice of topic. My business birthday of 26 years, birthdays are a period of reflection. Secondly, I have made bad mistakes over the yea...

What is your Profit for Tax is this week’s I Hate Numbers podcast theme. Last week we looked at how you should budget for your tax bill. Firstly, your money in your bank account is not the same as your tax profit. Secondly, your accounting profit is not the same as your tax profit. However, they are both important numbers. It may sound confusing. Listen to find out more. How th...

How you should Budget for your Tax Bill is this week’s podcast theme.  If you are self-employed, a freelancer, run your own business then you have responsibility for your own taxes. You do not have an employer who takes care of that for you.  When you are self-employed you must keep records, work out your tax profit, complete a tax return and then pay over the tax that is due.  It s...

How Information and Communication helps Build your Business Resilience is this weeks theme. Last week’ we looked at what Business Resilience was, and how your leadership plays a big part. Listen to find out more How Information helps Build your Business Resilience Firstly, we looked at the three parts of business resilience. Leadership information and communication. Further to that, and...

How to Build your Business Resilience - Part One. That is the theme of episode 46 of I Hate Numbers . Certainly, a lot of people talk about Business Resilience. Firstly, we need to understand what Business Resilience is. Secondly, we need to know how we can improve our own Business Resilience.  Most importantly, you can improve this, and it is a practical way to deal with what...

What is Your Money Mindset in your Business? That’s the theme of episode 45 of I Hate Numbers . Certainly, a lot of people talk about why Money Mindset Is important. Firstly, we need to understand your current attitude to Money. Secondly, we need to know the reasons why.  Most importantly, there are many reasons, but you can’t fix a problem unless you know what’s causing i...

About this episode VAT reverse charging can feel confusing because it turns the normal VAT process around. Instead of the seller charging VAT and paying it over, the buyer may need to account for the VAT in their own VAT return. In this episode, we explain what VAT reverse charging means, why governments use it, and how it can affect goods, services, imports, overseas customers, invoices, and comp...

This weeks podcast episode of I hate Numbers looks at How to develop Trust in Business. Without trust, you have nothing. With it, you can do great things. Trust, a firm belief in the reliability, truth or ability of someone or something. BOGOF Buy One Get One Free is a pricing strategy. I am applying that to this week’s episode, you get two themes wrapped up in one podcast. Trust and Cre...

Brexit will affect the UK business landscape. In this week's podcast, I am going to take a look at Your Business and VAT after Brexit. Last week’s podcast episode of I Hate Numbers looked at Brexit and Your Business. In this week’s episode, VAT takes centre stage. Firstly let’s consider that from a VAT point of view countries outside of the UK will be the Rest of the World. The 27 r...

At the end of December 2020 the UK enters a brave new world, it seems appropriate to see How Brexit affects your Business We have lots of questions about Business and Brexit, some answers we know, some answers we don't. In this weeks podcast we share some answers, advice and tips. What is Brexit? Firstly,  Brexit  is a fusion of the words “British” and “exit”, referring to the U.K.'...

The Conditions for the Third Self-Employed Grant have toughened. The virtual claim doors open from 30-Nov-20. The impact of COVID 19 on your business and your trading profits is key. Unfortunately, the guidance is not expressed in terms of awful, crap, rubbish or fine. In this podcast, I share with you what HMRC mean by reduced demand & trading conditions. Crap, average or fine feels...

Charity Mergers - The Three Stages This weeks episode is about Three Steps to Successful Charity Mergers. Charity Mergers are the coming together of two separate charities to form one . Mergers can produce several benefits for but they also have several challenges as well. Stage One: Business Case Firstly, your Business Case, your reasons for wanting to merge. For example, economies of scale,...

Five things to consider when selling your business is this week’s podcast episode. Selling your business is a major life event and has a lot in common with selling your home. There is an emotional attachment to your business that you built up. Like our homes it has memories and will influence us when we choose our buyer. In last week's episode we talked about whether you are selling assets or shar...

Today's podcast is about A need to know about selling your business. For many of us selling our business at some point in the future could be us cashing in our pension scheme. It may be a way that we can set up while we're at the top, move on for other different challenges in our life. In this podcast we are going to look at What we are selling The choices between selling the assets in your b...

This week's episode of, I hate numbers is talking about Buying your car through your business. Check out last week's episode where we talked about saving tax with company benefits. tax-free and trivial benefits What is a company car? This is a car bought by your company, you use it for business and personal use. By the way, driving between home and work is normally considered personal use. Wo...

Today's topic is focused on one underused legitimate way of Saving tax with company benefits. Pay yourself and save personal and company tax. And yes, it's important as a business owner, you need to pay yourself. The conventional route to pay yourself is a blend of salary and dividends .  In this episode I'm going to be looking at a legitimate area of tax planning that tends to...

If your business employs staff then COVID-19 has added more pressure, the Job Support Scheme and Planning is vital. You want to look after your employees and their welfare, but also the payment of those employees and the cash flow situation, that that creates when income has been impacted negativity. This week’s episode of I Hate Numbers looks at the new Job Support Scheme, Furlough scheme ma...

Welcome to episode 33 of I hate numbers. Today's episode why you need your business plan. In fact, every business needs a business plan. In this episode I'm going to talk about why your business needs a business plan and what should actually go into it your business plan. This episode of, I hate numbers is part of my continuing mission to strengthen your money mindset, make you less scared of your...

Your attitude in your business, your attitude to your business is everything. Attitude is the theme of this week's I Hate Numbers podcast. In this week's podcast I look at what attitude is, and why it's such a big deal in your business. Business or hobby Firstly, what’s a business? Business is where you have an activity where making money, making profit is part of the deal. An official ...