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 Charge.” This financial obligation affects individuals or couples with a combined income exceeding £50,000, leading to a potential clawback of child benefits. Unpacking the £50,000 Limit To comprehend the implications, we...
In the dynamic realm of business, whether steering a private enterprise or a non-profit organization aspiring to make a social impact, one constant looms large – taxes. Amidst the myriad of taxes, VAT, or the rather awkwardly named Value Added Tax, emerges as a distinct challenge, particularly when entwined with agency relationships. Today, on the...
In the dynamic landscape of the gig economy, additionally, we find ourselves at the crossroads of change. The term, a buzzword for many, holds particular relevance for those in the UK. Specifically, this week’s episode of I Hate Numbers delves into the impending legislation by HMRC, set to take effect on January 1, 2024. The...
Welcome back, everyone! Today, we’re tackling a familiar adversary: procrastination. We’ve all been guilty of putting things off in both our business and personal lives. In our previous episode, we explored the surprising ways procrastination can be a force for good. However, today, we’re taking a different approach, focusing on why procrastination is often a...
In the fast-paced world of business, people often view procrastination with apprehension. They commonly associate it with missed deadlines, incomplete tasks, and unfulfilled promises. We, too, used to perceive procrastination negatively, as it seemed to hinder productivity. But in this episode, we invite you to join us on a journey where we challenge this notion....
In this week’s episode, we delve into the Business Model Canvas, a powerful tool for visualizing and describing your business or organization. Understanding the Significance We often hear business owners and organizations talk about business models without fully understanding what a business model entails. Consequently, comprehending your business model is crucial. Additionally, according to American...
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 daunting or intimidating. In this episode of “I Hate Numbers,” we’ll explore the advantages of implementing a budget for arts and creatives. Your Budget as a Valuable Ally Budgets, for...
When we discuss artists, creatives, and arts organizations as businesses, it can often lead to puzzled expressions. Nonetheless, it’s a concept that deserves attention. Profits with Purpose In this week’s “I Hate Numbers” podcast, we delve into the fascinating realm of the arts and creatives as businesses. While their objectives and motivations may differ, they...
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 intricacies that impact your bottom line. The Significance of Project Tracking In the realm of business finance,...
One of the fundamental aspects of any business is invoicing. Whether it’s billing clients for services rendered or products sold, efficient invoicing is vital. Moreover, if your business offers credit facilities, ensuring timely payment becomes paramount. Creating Invoices with Ease In a cloud-based system like Xero, invoicing becomes remarkably straightforward. We have access to customizable...
In today’s fast-changing business world, although staying competitive requires embracing innovation, consequently, we find ourselves exploring the realm of Digital Accounting. Benefits of Digital Accounting Before we dive into the practical aspects, let’s explore why transitioning to digital accounting is not just a trend but a strategic move that can benefit your business in many...
In this episode, we explore the world of modern finance as we talk about the remarkable advantages of cloud accounting. Unlike traditional methods involving spreadsheets or desk-based systems, cloud accounting is a contemporary approach to managing your financial data. It leverages online platforms like Xero, QuickBooks, FreshBooks, Sage, and many more. The cloud enables secure storage...
