The UK Tax and Accounting Podcast from I Hate Numbers:

Making business decisions in uncertain times can be difficult. There are a lot of things to consider and it can be hard to know what the right thing to do is. However, by taking a few things into account, you can make decisions that will help your business grow and thrive in any situation. Here are the A’s, the three tips for making smart business decisions during uncertain times. Firstly, Attitud...

If you're a business owner, then you know that the cost of doing business is always on your mind. But what do you do when that cost suddenly skyrockets? Whether it's an increase in rent, wages, or material costs, a sudden spike can be disastrous for your bottom line. Here are a few tips to help you weather the storm. "Losing your head in a crisis is a good way to become the crisis." C.J. Redwine N...

Customer lifetime value and segmentation is this week's episode of the I Hate Numbers podcast.  Last week I kicked off with part one I will be continuing from part one my exploration of customer lifetime value by looking at Firstly CLV and net CLV calculation Secondly, customer segmentation Thirdly, customer retention. These topics are important for anyone looking to improve their business pr...

Numbers gives you business superpowers, you should be Using customer lifetime value as one of those numbers. In this podcast I will Firstly, break down what CLV is Secondly, how you can go about calculating it for your own business. Lastly, why it's important So, whether you're just starting out or you've been in business for a while, listen to find out more! If you're in business, it's important...

So, what is the impact of VAT registration on your business.  That is what I am looking at in podcast episode 127 of I Hate Numbers. There will be changes, and in the words of Charles F. Kettering “People are very open-minded about new things, as long as they're exactly like the old ones.” So, what changes when you become VAT registered? 🍨Mindset change - you’re now an unpaid tax collec...

Why should you use ratios to make financial judgments?  Well, are you curious how well your business is doing financially? Or maybe you're looking to acquire or invest in a business and want to know what to look for? Ratios are a great way to judge a company's financial performance. In this weeks podcast I'll go over the most common ratios and what they mean for your business. To be a success...

There's no doubt that Using financial ratios in business are one of the most important tools that business owners have in their toolkit. By using financial ratios, you can get a better understanding of how your business is performing, and make changes to improve your bottom line. But what are financial ratios, and how do you use them? Are you curious about what financial ratios are and how they're...

If you're a business owner, then measuring your financial performance, keeping track of it is essential to your success.  But do you know how to measure it?  In this podcast, I'll explain two important metrics for measuring your business's financial performance. If you want to make sure your business is on track financially, keep reading! No one ever said that being in business was easy...

If you're like most business owners, you think of being financially accountable as a necessary evil. It's something that you have to do, but it's not always fun or interesting. However, what if I told you that being financially accountable can actually be good for you? Believe it or not, there are a lot of benefits to being responsible with your money. So if you're looking for a reason to start tr...

Are you interested in achieving business success ?  If so, read on ? Wonder no more! Today, I will discuss the three essential steps you need to take in order to achieve success. These three steps are summed up in the 3 As Firstly, Attitude Second, Approach, and Thirdly, Activity. Let's explore each one in detail so that you can start using them today! Anyone who's ever started their own busi...

If you're running a business, you need to need to factor in that bookkeeping is big deal. Are you serious about your business and keeping on top of your finances? If your answer is yes, and I hope it is then keep track of your financial transactions. You may think it’s a daunting task, but it doesn’t have to be that way once you get the hang of it Why Bookkeeping is a Big Deal Let’s look at s...

If you're like most people, at some point in your life you've felt like a fraud. Almost like you're not really qualified to do the job you're doing, or that someone is going to figure out you're a total fake and expose you for the fraud you are. This phenomenon is known as Imposter Syndrome, and it's estimated that 70% of people experience it at some point in their lives. In this episode of m...

Inexplicably completing forms SS-4 8832 are not at the forefront of people’s minds. Hear those words, and you may be looking for that drying paint. However, if you are a non-US resident company receiving income from the United States, then you need to Firstly pause Secondly, listen to episode 119 of my I Hate Numbers podcast Lastly, watch the drying paint later. Your nonresident income is liable t...

Do you ever find yourself putting off important tasks, like Procrastinating when Financial Planning ?  You're not alone. Procrastination can be a major obstacle to getting things done. But don't worry, there are ways to overcome it. In this blog post, we'll explore some tips for stopping procrastination when it comes to financial planning. So read on and get started! Financial planning is an...

Are you one of those people who has a lot of good intentions but never seems to get around to doing anything? If so, you may be struggling with procrastination. Procrastination is the act of delaying or postponing something that needs to be done. It can be tempting to put things off, procrastination can actually have some pretty negative consequences. Firstly, decreased productivity Secondly, lowe...

Using the balance scorecard plays a major role in managing your business.  You're a business owner, so you know that making money is important. But it's not the only thing that matters. You need to have a balanced perspective when looking at your business. That means looking at the numbers and dollar signs, but also customer and employee satisfaction, innovation , and more. When everything is...

Do you approach money with a positive or negative mindset? If you don't have a clear answer, it's time to think about how your money mindset is impacting your finances. Having a positive money mindset leads to better financial decisions and improved financial health. Conversely, having a negative money mindset can lead to debt, financial stress, and other money woes. So, how do you change your mon...

Using a Risk Register to manage risks is this week's I Hate Numbers podcast When it comes to risk management, most business owners and entrepreneurs think of insurance policies and legal contracts. While these are both important aspects of risk management, they're not the only ones. In fact, there are a number of other tools that can be used to help you identify and manage risks, both big and smal...

Dealing with business risk is an inevitable part of our business lives Risk is a part of life. For entrepreneurs, self-employed professionals, and small business owners, risk is unavoidable and part of our business lives. Whether it's the risk of losing money on a new venture or the risk of not being able to meet customer demands. Furthermore, we face risks every day. Knowing how to deal with busi...

When it comes to financial planning for your business, there are many things to consider. One important part of your overall plan is your financial story plan. This document lays out how you expect your business finances to grow and change over time. It can be a great resource for both you and your team. Listen to find out the four tips on how to create and use your financial story plan effectivel...

It can be easy to put off creating your business financial story plan - after all, who has time for that? But don't underestimate the importance of this document. Your business financial plan is vital, serving as both your road map and your trusty friend. With it, you can keep track of your progress and adjust where necessary. Plus, you'll have a better understanding of your company's financial he...

How to do your personal budget is this week’s I Hate Numbers podcast topic Worried about your personal finances? How to do your personal budget is the answer! It will help you keep track of where your money is going and how to make the most of it. With a budget in place, you’ll have more control over your life and less anxiety about the future. You’ll know where you stand financially and be able t...

How to change your approach to money builds on last weeks episode . You can, and should change your approach to money to supercharge your finances. If you find you don’t handle money well, don’t save money, or just don’t know how to budget, here are seven ways to change your money mindset. 1.      Firstly, Acknowledge your fears We all have fears when it comes to money. Ig...

Money is one of the most important things in our lives, but it's also one of the most misunderstood. We often think of money in terms of how much we have, and how we can get more of it. But what if we thought of money differently? What if we approached it as a tool to help us achieve our goals? In this podcast, I'll explore why Changing your money mindset can get you to start using money to your a...

Do you care about your business? Being kind is good for business. It makes customers happy, it builds relationships, and it can even lead to more sales. You don’t have to be a saint to be kind – in fact, being genuine and authentic is the best way to go. When your kindness shines through in your interactions with others, they feel seen and heard. That’s what we all crave – connection. And when peo...