Simplifying Tax and Accounting from I Hate Numbers:

Conducting a Profitability Analysis

12 May 2024

Contributed by Lukas

To start our journey towards understanding business success, we often overlook a vital tool: the profitability analysis. Yet, this oversight can hinde...

Understanding Financial Terminology

05 May 2024

Contributed by Lukas

In the realm of business, understanding financial terminology is essential. It unlocks insights, reveals trends, and empowers decision-makingAt the "I...

Cash Flow Management Tips : 5 Essential Tips

28 Apr 2024

Contributed by Lukas

In last week's episode of I Hate Numbers, we emphasized the critical nature of cash flow forecasting for businesses. Now, in Episode 217, we're shifti...

Success with Cash Flow Forecasting

21 Apr 2024

Contributed by Lukas

In the latest episode of the I Hate Numbers podcast, we shed light on the indispensable role of Cash Flow Forecasting in ensuring the success of your ...

Benefits of Cloud accounting for Your Business

14 Apr 2024

Contributed by Lukas

In our pursuit of simplifying clients' lives and alleviating stress, the "I Hate Numbers" podcast delves into the benefits of cloud accounting this we...

Reasons to Ignore Cloud Accounting

07 Apr 2024

Contributed by Lukas

In today's episode of the I Hate Numbers podcast, we're delving into five compelling reasons why we, as business owners, should consider ignoring clou...

Overnight Success - The Seven Ingredients

31 Mar 2024

Contributed by Lukas

In this week's episode of the I Hate Numbers podcast, we're exploring the fascinating journey to success. What do Abraham Lincoln, Dr. Seuss, Michael ...

Planning is good for your business

24 Mar 2024

Contributed by Lukas

In this episode, additionally, we delve into the importance of planning in business endeavours. As entrepreneurs, we're often enticed by spontaneity a...

Have you paid too much tax? - Tax Tips

17 Mar 2024

Contributed by Lukas

Have you paid too much tax? In this week's episode of the I Hate Numbers podcast, we explore the fundamental criteria shaping the UK tax system and wh...

How do you describe your business

10 Mar 2024

Contributed by Lukas

How do you describe your business in the business world? In this week's episode of the "I Hate Numbers" podcast, we tackle a topic often overlooked bu...

Tax effective giving on charities

03 Mar 2024

Contributed by Lukas

In today's episode, we explore tax-effective giving strategies for supporting charities in the United Kingdom. We'll delve into various methods indivi...

Gift Aid and Charitable Giving: Understanding the Impact

25 Feb 2024

Contributed by Lukas

 In this episode, we delve into the intricacies of the Gift Aid scheme and its profound impact on charitable giving. Since its inception in 1990 ...

Managing your tax: Tax Planning Overview

18 Feb 2024

Contributed by Lukas

Moreover, we begin by visualizing the staggering amount collected by the government in taxes every minute. This serves as a reminder of the significan...

Fiscal Drag and Tax in the UK

11 Feb 2024

Contributed by Lukas

  In today's discussion, we delve into the concept of "Fiscal Drag" and its profound implications for UK taxpayers. This term, though not co...

Paying your Tax Bill: What to do if you can't afford it

04 Feb 2024

Contributed by Lukas

Welcome back to another episode of "I Hate Numbers," where we aim to guide you through the maze of financial challenges. Today, we're tackling a commo...

Sales Forecasting: How to approach it

28 Jan 2024

Contributed by Lukas

In the realm of business financial planning, one indispensable element takes centre stage - sales forecasting. Whether you're part of a theatre compan...

Costs and Operational Gearing: Unlocking Business Insight

21 Jan 2024

Contributed by Lukas

Greetings, everyone! In another episode of I Hate Numbers, your go-to for demystifying business finance, we unravel the intricate web of business cost...

Dealing with a Financial Crisis

14 Jan 2024

Contributed by Lukas

In the world of business, dealing with a financial crisis is not a matter of if, but when. We, as business owners, often take risks, and sometimes the...

Community Interest Companies and Tax

07 Jan 2024

Contributed by Lukas

In today's podcast, we aim to explore and demystify the common misconceptions surrounding tax obligations for Community Interest Companies (CICs). As ...

Why a positive money mindset is good for your business

31 Dec 2023

Contributed by Lukas

Greetings, savvy listeners! In this episode of I Hate Numbers, we're on a mission to empower business owners and creatives. Our goal is crystal clear:...

How grief enters the world of business

24 Dec 2023

Contributed by Lukas

In the realm of business, we often underestimate the emotional toll it can take. When we confront unexpected challenges—economic downturns, restruct...

Business distress: How to manage it

17 Dec 2023

Contributed by Lukas

In this week's episode of "I Hate Numbers," we tackle a critical topic that every business is bound to confront sooner or later — the signs of impen...

The Emotional Impact in Business in Letting Go

10 Dec 2023

Contributed by Lukas

In the world of business, the journey often feels like an exhilarating roller coaster ride with its highs, lows, and unexpected turns. Consequently, a...

Higher Income Child Benefit Charge: How to deal with it

03 Dec 2023

Contributed by Lukas

We embark on today's episode of the I Hate Numbers podcast with a mission: to demystify the complexities surrounding the "Higher Income Child Benefit ...

VAT and Agents

26 Nov 2023

Contributed by Lukas

In the dynamic realm of business, whether steering a private enterprise or a non-profit organization aspiring to make a social impact, one constant lo...

Tax and the Gig Economy

19 Nov 2023

Contributed by Lukas

In the dynamic landscape of the gig economy, additionally, we find ourselves at the crossroads of change. The term, a buzzword for many, holds particu...

Overcoming Procrastination for a stress free Tax Season

12 Nov 2023

Contributed by Lukas

Welcome back, everyone! Today, we're tackling a familiar adversary: procrastination. We've all been guilty of putting things off in both our business ...

Procrastination as a Force for Good

05 Nov 2023

Contributed by Lukas

In the fast-paced world of business, people often view procrastination with apprehension. They commonly associate it with missed deadlines, incomplete...

How to use the Business Model Canvas

29 Oct 2023

Contributed by Lukas

In this week's episode, we delve into the Business Model Canvas, a powerful tool for visualizing and describing your business or organization.Understa...

Budgets for Arts and Creatives

22 Oct 2023

Contributed by Lukas

We believe that your business budget is one of your most valuable allies. It might sound surprising, but the process of budgeting should not be daunti...

Arts and Creatives: Unveiling the Business Side

15 Oct 2023

Contributed by Lukas

When we discuss artists, creatives, and arts organizations as businesses, it can often lead to puzzled expressions. Nonetheless, it's a concept that d...

Project and Product Tracking: Unravelling Profitability

08 Oct 2023

Contributed by Lukas

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 pr...

Getting Paid faster with Cloud Accounting

01 Oct 2023

Contributed by Lukas

One of the fundamental aspects of any business is invoicing. Whether it's billing clients for services rendered or products sold, efficient invoicing ...

Digital Accounting Migration Steps

24 Sep 2023

Contributed by Lukas

In today's fast-changing business world, although staying competitive requires embracing innovation, consequently, we find ourselves exploring the rea...

The Power of Cloud Accounting

17 Sep 2023

Contributed by Lukas

In this episode, we explore the world of modern finance as we talk about the remarkable advantages of cloud accounting. Unlike traditional method...

Plan your way to business success

10 Sep 2023

Contributed by Lukas

In today's episode, we, as dedicated proponents of effective business practices, discuss the paramount significance of planning in the world of busine...

Responsibilities: What are yours as a Director

03 Sep 2023

Contributed by Lukas

In this I Hate Numbers podcast, we want to explore the multifaceted world of company director responsibilities. As business enthusiasts with over 28 y...

Motivation: Why It Is Important for Your Business

27 Aug 2023

Contributed by Lukas

Motivation is a potent force that propels both individuals and teams toward success in the business realm. In this week's episode of the "I Hate Numbe...

Budgeting: Embracing it as a Mindset

20 Aug 2023

Contributed by Lukas

Budgeting often triggers unenthusiastic reactions. But let's debunk these myths. In my experience, budgeting isn't about constraints; it's a potent to...

The Power of Bookkeeping

13 Aug 2023

Contributed by Lukas

In the world of business, bookkeeping often remains in the shadows, underestimated and undervalued. However, as we delve into this episode of the "I H...

Business debt pros and cons

06 Aug 2023

Contributed by Lukas

In this episode of the I hate numbers podcast, we delve into the crucial topic of business debt. While some might view debt as a risky path, it's not ...

Why you should pay Holiday Pay

30 Jul 2023

Contributed by Lukas

In this episode, we explore the crucial topic of holiday pay for employers. As business owners, we bear many responsibilities, and additionally, one o...

State Pensions and NIC Update

23 Jul 2023

Contributed by Lukas

Retirement planning is crucial, whether it's years away or just around the corner. As we explore the UK state pension in this I Hate Numbers podcast, ...

Management Reports: Design and Presentation

16 Jul 2023

Contributed by Lukas

In this week's episode of the I Hate Numbers podcast, we continue our exploration of Management Reports, delving specifically into their design, prese...

Designing your Management Reports

09 Jul 2023

Contributed by Lukas

In this episode, we look at designing management reports and their crucial role in helping businesses thrive and make informed decisions.The Importanc...

Implementing a successful financial system change

02 Jul 2023

Contributed by Lukas

In this episode of the I Hate Numbers podcast, we'll explore six essential strategies to ensure a successful financial system changeIdentifying the Ne...

Cutting and managing business costs

25 Jun 2023

Contributed by Lukas

Hi folks, and welcome to another episode of our podcast. Today, we're diving into the topic of cutting and managing business costs. It's an essential ...

A cost reduction framework

18 Jun 2023

Contributed by Lukas

How can you manage and reduce business costs effectively? By developing a cost reduction framework to foster financial awareness, increase profitabili...

Why businesses don't review and monitor activities

11 Jun 2023

Contributed by Lukas

Why do businesses often neglect to review and monitor activities? In this episode, we find out why and the detrimental effects it can have on their su...

Why Businesses Don't Plan

04 Jun 2023

Contributed by Lukas

In this episode of the I Hate Numbers podcast, we explore how planning can transform your business's future. Discover how planning reduces anxiety, em...

Asset Lock in Community Interest Companies

28 May 2023

Contributed by Lukas

Are you thinking of starting or running a Community Interest Company (CIC)? In this episode, we'll delve into the concept of Asset Lock in Community I...

Social Enterprises in the United Kingdom

21 May 2023

Contributed by Lukas

Are you ready to explore the incredible world of Social Enterprises in the United Kingdom? Join us on a thrilling journey as we uncover their astonish...

The advantages of a limited company

14 May 2023

Contributed by Lukas

Starting a business in the United Kingdom can be a daunting task, but choosing the right business structure can make a big difference. If you're consi...

The Benefits of Operating as a Sole Trader

07 May 2023

Contributed by Lukas

In this episode of the "I Hate Numbers" podcast, we explore The Benefits of Operating as a Sole Trader for your business. While limited companies have...

The difference between tax avoidance and evasion

30 Apr 2023

Contributed by Lukas

Is there a difference between tax avoidance and evasion?  Does it matter ?  They may seem similar, but they are different concepts with diff...

The benefits of filing your tax return early

23 Apr 2023

Contributed by Lukas

Filing taxes in the UK is a mandatory legal requirement for any individual, business or organization that meets certain criteria. While you may be tem...

KPIs for each Responsibility Centre

16 Apr 2023

Contributed by Lukas

KPIs for Each Responsibility Centre increases the power of Responsibility Accounting.  Numbers are our best business friend, moreover, KPIs are o...

Understanding Responsibility Accounting

09 Apr 2023

Contributed by Lukas

Responsibility Accounting: A Comprehensive GuideResponsibility Accounting is a powerful management tool. It holds decision-makers accountable for fina...

National Insurance for Directors

02 Apr 2023

Contributed by Lukas

UK company directors are treated differently from other employees when it comes to National Insurance. This is because they are considered to be self-...

Business capacity

26 Mar 2023

Contributed by Lukas

Business capacity is the maximum amount of work a business can handle within a given period of time. This measure helps businesses understand their li...

How to avoid the dangers of rapid growth

19 Mar 2023

Contributed by Lukas

How to avoid the dangers of rapid growth, my topic for this weeks I Hate Numbers podcast.Growth is what all businesses think of. However, rapid growth...

Tips for achieving business success

12 Mar 2023

Contributed by Lukas

Welcome to the latest episode of "I Hate Numbers," where we explore the strategies and Tips for achieving business success. In this episode, we discus...

Achieving business growth

05 Mar 2023

Contributed by Lukas

Is achieving business growth on your agenda? Are you ready to take your business to the next level? Growing a business is no easy feat, but with hard ...

Understanding the Role of National Insurance in Your UK State Pension

26 Feb 2023

Contributed by Lukas

Understanding the Role of National Insurance in Your UK State Pension is key to making informed decisions about your financial future. National Insura...

Beating procrastination in your business

19 Feb 2023

Contributed by Lukas

Beating procrastination is a common theme in business. Procrastination is a common problem that affects many businesses, but it doesn't have to be a b...

Sales turnover - more than vanity

12 Feb 2023

Contributed by Lukas

Sales turnover, or simply turnover is misunderstood, with differing opinions on its usefulness in measuring financial success.  Turnover is more ...

When should you investigate variances

05 Feb 2023

Contributed by Lukas

When should you investigate variances is a massive part of financial management.  it's also this week's I Hate Numbers podcast episode.If you're ...

Financial Controls for your business

29 Jan 2023

Contributed by Lukas

Gaining Financial Controls for your business can be difficult and often rather daunting. Moreover, having the right approach and finance controls in p...

Achieving your targets

22 Jan 2023

Contributed by Lukas

Achieving your targets is this week's I Hate Numbers podcast.  A target is a goal that has specific criteria for success.  Furthermore, reac...

Effective KPIs that work for your business

15 Jan 2023

Contributed by Lukas

As a business, you have to track and measure your performance in order to succeed. Developing Effective KPIs that work for your business (KPIs) is the...

How should business measure performance?

08 Jan 2023

Contributed by Lukas

Are you a business owner or manager looking for ways to measure the performance of your business? If so, then this video has all the answers you need!...

Five mistakes to avoid on your tax return

01 Jan 2023

Contributed by Lukas

Avoidable mistakes on your tax return is this weeks topic.  It's tax season, and the stress of preparing your return can feel overwhelming. But d...

Tax and Business Financial Planning

25 Dec 2022

Contributed by Lukas

Are you looking for some help with Tax and Business Financial Planning? It can be intimidating to figure out on your own, don't struggle alone. My I H...

Business Financial Plan - Five key stages

18 Dec 2022

Contributed by Lukas

There are Five key stages in your Business Financial Plan. Having a clear financial plan in place is essential for any small business, arts organ...

The importance of Budgeting - 8 reasons

11 Dec 2022

Contributed by Lukas

Are you running a small business, social enterprise or arts organisation but aren’t sure if budgeting really matters? Well, it absolutely does! In t...

How much should I charge

04 Dec 2022

Contributed by Lukas

What should you charge for your services? It's a question that many small business owners, artists, and social enterprises grapple with.Charging too m...

Understanding cost based pricing

27 Nov 2022

Contributed by Lukas

Many businesses use cost based pricing, or cost plus pricing but what is it?  How does it work, what are its advantages and disadvantagesWhen it ...

Why financial planning is wonderful

20 Nov 2022

Contributed by Lukas

It's no secret that I know that financial planning is wonderful.  Successful businesses require effective financial planning. But did you know th...

Why you should ignore your numbers

13 Nov 2022

Contributed by Lukas

So, if you’re someone who hates numbers I have five reasons Why you should ignore your numbers.Firstly, if having no clarity or focus in your busine...

Explaining assets and liabilities

06 Nov 2022

Contributed by Lukas

Explaining assets and liabilities is my mission in this week's I Hate Numbers podcast, episode 140. It’s not recommended practice, certainly mine,&n...

Explaining gross profit

30 Oct 2022

Contributed by Lukas

Explaining gross profit is my mission this  week. Gross profit is the amount of money you make after subtracting the cost of goods sold from your...

Explaining operating profit

23 Oct 2022

Contributed by Lukas

Explaining operating profit is this weeks I hate Numbers podcast.  Operating profit is a performance measure that tells you how much money your b...

Using operational gearing

16 Oct 2022

Contributed by Lukas

Risk is a natural part of business life; using operational gearing measures one of those risks.  Sorry to throw in a bit of jargon there at the s...

Understanding and using break even

09 Oct 2022

Contributed by Lukas

If you want to stay afloat in your business, understand break even and how it can help. Every industry needs this key number for different reasons but...

How your business deals with a recession

02 Oct 2022

Contributed by Lukas

A recession is a difficult time for any business, so knowing How your business deals with a recession is a vital part of your toolkit,It may be that y...

Calculating cash profits

25 Sep 2022

Contributed by Lukas

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 m...

Self-employed tax returns

18 Sep 2022

Contributed by Lukas

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-emp...

How to complete your self-assessment return 21-22

11 Sep 2022

Contributed by Lukas

 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...

Making business decisions in uncertain times

04 Sep 2022

Contributed by Lukas

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 t...

Dealing with a cost of business of crisis

28 Aug 2022

Contributed by Lukas

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 skyrocket...

Customer lifetime value and segmentation

21 Aug 2022

Contributed by Lukas

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 co...

Using customer lifetime value

14 Aug 2022

Contributed by Lukas

Numbers gives you business superpowers, you should be Using customer lifetime value as one of those numbers.In this podcast I willFirstly, break down ...

The impact of VAT registration on your business

07 Aug 2022

Contributed by Lukas

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 w...

How to use ratios to make financial judgments

31 Jul 2022

Contributed by Lukas

Why should you use ratios to make financial judgments?  Well, are you curious how well your business is doing financially? Or maybe you're lookin...

Using financial ratios in business

24 Jul 2022

Contributed by Lukas

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 fina...

Measuring your financial performance

17 Jul 2022

Contributed by Lukas

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 ...

Why being financially accountable is good for you

10 Jul 2022

Contributed by Lukas

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 ...

Three steps to achieving business success

03 Jul 2022

Contributed by Lukas

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 t...

Why Bookkeeping is a Big Deal

26 Jun 2022

Contributed by Lukas

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 ...

Overcoming Impostor Syndrome and feeling like a Fraud

19 Jun 2022

Contributed by Lukas

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 doi...