The UK Tax and Accounting Podcast from I Hate Numbers:

One of the biggest advantages of running a business through a limited company is the protection it offers your personal assets. But that protection is not absolute. In this episode of I Hate Numbers, we look at the corporate veil, when it holds, when it does not, and what HMRC can do when directors cross the line on unpaid corporation tax.

When you set up a limited company in the UK, you are effectively building a wall between your business and your personal life. On one side sits the company, its debts, its bills, and its taxes. On the other side is you, your home, your car, and your personal savings. This is limited liability, a legal shield designed to encourage people to take risks and start businesses without fearing that one bad month will cost them the family home. The problem is that wall is not indestructible. HMRC has ways of climbing over it, and they are using them more and more. The law protects honest directors who run into genuine bad luck, but where there is evidence of misconduct, negligence, or what HMRC calls deliberate behaviour, that shield can vanish entirely.

The most common way directors get into serious trouble is through preference payments. Imagine your business is struggling. You have a corporation tax bill due to HMRC but also owe money to a family member who helped you start the business. You check your bank balance, see a few thousand pounds, and decide to pay your brother or sister back first. That is a preference. You are choosing a friendly creditor over a legal one. If the company later fails, a liquidator will examine those bank statements. They can, and will, reverse that payment and sue you personally to recover the money. Loyalty to family is understandable, but it is not a defence in the eyes of the law.

Fraud is the serious end of the spectrum. Taking deposits for products you know will never be delivered, or hiding cash from HMRC, can result in a personal financial order that puts your personal assets on the table to settle company debts. Wrongful trading is more common and perhaps more relevant to many directors. This is where you continue trading even though you knew, or should have known, that the company was heading for insolvency. If the tax debt grows during that period, you can be held personally liable for the additional amount. Ignorance is not a defence. The law expects directors to know their numbers.

Most directors of small UK companies take a modest salary and draw the rest as dividends, which is perfectly legal when done correctly. The key word is distributable profits. Think of it like a pie. You can only eat what is left after paying for the ingredients. If your company makes a profit of one hundred thousand pounds, a portion of that must be set aside for corporation tax. If you take that tax money as a dividend, the dividend becomes unlawful. Should the company go into liquidation, the liquidator can demand every penny of those unlawful dividends back. As the director who authorised the payments, you also face a breach of your duties. That is a double whammy that is entirely avoidable with the right financial discipline in place.

There is also a specific rule worth knowing around asset sales. If your company sells an office, a van, or any significant asset, the tax on that gain must be paid to HMRC within six months. If it is not, HMRC can bypass the courts entirely and send the bill directly to your home address. They have two years to begin this process, which means you could be sitting at home eighteen months later thinking the dust has settled, only for a substantial bill to land on your doorstep.

Beyond losing money, the consequences can be severe. Directors can be issued with a personal liability notice or disqualified from acting as a director for up to fifteen years. For anyone building a business career, that is a significant and damaging outcome that could have been avoided entirely.

Staying on the right side of the law requires discipline and consistent habits. We run through five practical steps in this episode. First, review your management accounts every single month. Do not wait until the year end to discover you are in difficulty. If you do not have management accounts in place, get in touch with us at I Hate Numbers and we can help you set them up. Second, treat your tax money as untouchable. Open a separate bank account and move between ten and twenty five percent of your income into it as soon as it arrives. If you cannot see it, you are far less likely to spend it. Third, if the business is struggling, halt dividends immediately and switch to a basic salary until things stabilise. There is nothing unlawful about paying yourself a salary. Fourth, always take professional advice before selling a major company asset. Fifth, treat HMRC as your most important supplier. They are the only creditor with the power to take your home, and they are becoming increasingly assertive in pursuing unpaid taxes.

HMRC and liquidators will examine everything: bank statements, emails, receipts, and payment records. Acting proactively, keeping clear records, and respecting the legal boundary between you and your business is what keeps your personal wealth safe. If you are concerned that your paperwork or management accounts are not where they should be, do not panic. Reach out to us at I Hate Numbers and we will help you get things in order. For a deeper grounding in business finance, the I Hate Numbers book is the ideal place to start.

• [00:00:00]Introduction: the corporate veil and when HMRC can pierce it
• [00:00:41]What limited liability actually means for directors
• [00:01:28]When the legal shield disappears: misconduct and deliberate behaviour
• [00:01:52]Preference payments: paying the wrong creditors first
• [00:03:00]Fraudulent trading: the serious end of the spectrum
• [00:03:14]Wrongful trading: the ostrich approach and its consequences
• [00:03:54]Unlawful dividends: when taking money out becomes a problem
• [00:05:00]The six month rule on asset sales
• [00:05:25]Personal liability notices and director disqualification
• [00:05:46]Five practical steps to protect yourself as a director
• [00:07:06]Why HMRC is becoming more assertive and what that means for you
• [00:07:26]Closing thoughts: keep clear records and keep the wall standing

If this episode has been useful, share it with a fellow director or business owner who needs to hear it. Subscribe to I Hate Numbers for more practical, no-nonsense guidance every week. Keep those records straight. Plan it, do it, profit.

📘 Book https://www.ihatenumbers.co.uk/i-hate-numbers-book/ 🎧 Podcast https://www.ihatenumbers.co.uk/i-hate-numbers-podcast/ 🌐 Website https://www.ihatenumbers.co.uk

From April 2026, Statutory Sick Pay (SSP) rules are changing significantly. In this episode of the I Hate Numbers podcast, we break down what those changes mean, why they matter, and how employers can prepare. These updates are part of wider employment reforms and will impact businesses of all sizes, from private companies to social enterprises. :contentReference[oaicite:0]{index=0}

The new rules introduce two major shifts. First, the removal of the lower earnings limit (LEL). Second, the abolition of waiting days. Previously, employees earning below a certain threshold were not eligible for SSP. From April 2026, that barrier is removed. Every eligible employee, regardless of earnings, will qualify. At the same time, SSP will now be payable from day one of sickness rather than starting on the fourth day.

These changes will bring approximately 1.3 million additional workers into the SSP system. While this strengthens employee protection, it also increases financial pressure on employers. SSP is not reimbursed by the government. The cost sits entirely with the business.

The calculation method is also changing. Employers must now pay the lower of:

1. 80% of the employee’s average weekly earnings
2. A flat weekly rate (currently expected to be £123.25)

This introduces additional complexity into payroll calculations and increases the need for accurate systems.

The removal of waiting days means SSP must be paid from the very first day of sickness. This increases both the administrative burden and the direct cost of short-term absences. It also raises important questions around workplace culture and sickness management.

While many rules are changing, linked periods of sickness remain in place. If absences occur within a 56-day window, they are treated as a continuous period. This affects how SSP is calculated, as the original rate continues even if the employee’s earnings change during that period.

Employees already receiving SSP before April 2026 will be subject to transitional protection. Those in specific earnings bands will move to the new flat rate for the remainder of their absence. This adds another layer of complexity for payroll and HR teams to manage.

Ensure your payroll provider can handle the new 80% vs flat rate calculation, as well as transitional rules.

Sickness policies and staff handbooks referencing waiting days must be updated before April 2026.

HR teams and managers must understand that SSP now applies from day one and includes lower-paid employees.

Increased coverage may influence absence patterns. Understanding your internal data will be critical.

The SSP changes are not just a compliance update. They represent a shift in cost, administration, and employee support expectations. Planning ahead will help you stay compliant, manage costs, and maintain control of your business.

1. 00:00 – Introduction to SSP changes
2. 01:00 – Employment law reforms and context
3. 02:00 – Removal of the lower earnings limit
4. 03:00 – New SSP calculation rules
5. 04:00 – Removal of waiting days
6. 05:00 – Linked periods explained
7. 06:00 – Transitional protection rules
8. 07:00 – Practical steps for employers
9. 08:00 – Final thoughts

📘 Book https://www.ihatenumbers.co.uk/i-hate-numbers-book/ 🎧 Podcast https://www.ihatenumbers.co.uk/i-hate-numbers-podcast/ 🌐 Website https://www.ihatenumbers.co.uk If this episode helped you understand the upcoming SSP changes, share it with another employer who needs to prepare. Plan it. Do it. Profit.

Companies House identity verification is now a mandatory requirement for directors and persons with significant control (PSCs). If you run a company in the UK, this is no longer something you can put off for later. It is now part of the compliance landscape for businesses, charities, and social enterprises.

In this episode, we explain why these rules were introduced, what the deadlines mean for existing companies, and most importantly how you can complete the process smoothly without unnecessary stress.

We also explain how our team at I Hate Numbers can help verify your identity and ensure everything is correctly linked to your Companies House records.

For many years, the UK company register allowed individuals to form companies with very few identity checks. While that made it easy for entrepreneurs to start businesses, it also created opportunities for fraud, hidden ownership, and misuse of company structures.

As a result, the government introduced the Economic Crime and Corporate Transparency Act. One of the key changes is the requirement for identity verification for company directors and persons with significant control.

The purpose is simple. Companies House wants to ensure that every person listed on the register is a genuine individual responsible for the company they are connected to.

The new rules officially came into force on 18 November 2025. Since then, anyone forming a new company must verify their identity before they can even begin the registration process.

For existing companies, there is currently a transition period.

Directors must complete identity verification before submitting their next confirmation statement. If verification has not been completed, Companies House may reject the filing.

For persons with significant control who are not directors, the verification window is triggered by the month of their birth.

If you are a PSC but not a director, your verification deadline is linked to your birth month.

From the first day of that month, you have 14 days to complete the identity verification process.

This staggered system helps Companies House avoid millions of people verifying their identity at the same time.

However, it also means you need to stay alert to ensure your deadline is not missed.

Once your identity has been successfully verified, you receive a personal verification code.

This code becomes your permanent Companies House identifier. The important point is that you only need to complete identity verification once.

If you hold multiple roles across different organisations, the same personal code will apply to all of them.

However, if verification has not been completed before filing a confirmation statement, Companies House may reject the filing and flag the company for non-compliance.

You can verify your identity directly through the GOV.UK login system.

This usually involves uploading identification, completing a facial recognition check, and confirming your details through the government portal.

For some people, this process takes only a few minutes.

However, many business owners find the process frustrating if documents are rejected, technology fails, or identification cannot be verified immediately.

The alternative is to complete identity verification through an authorised corporate service provider (ACSP).

At I Hate Numbers, we are registered as an authorised provider with Companies House. This means we can verify identities on behalf of directors and PSCs and submit the verification directly to the register.

Rather than navigating the process yourself, we take care of:

• verifying identification documents

• performing the necessary identity checks

• submitting verification to Companies House

• ensuring your personal verification code is correctly linked to all your roles

For many business owners this removes the stress of dealing with the system themselves and ensures everything is done correctly.

Many directors choose to complete verification through us because they want peace of mind that the process has been handled properly.

This service is particularly helpful if you:

• run multiple companies

• live outside the UK

• have a complex company structure

• prefer professional support handling compliance

Our team ensures that your Companies House records remain compliant and that your identity verification status remains correct across your roles.

If you would like support completing your identity verification, our team is happy to help. Simply get in touch through our contact page and we can guide you through the process and ensure everything is submitted correctly.

Many directors find that having professional support saves time, reduces frustration, and provides reassurance that everything has been handled properly.

• 00:00 – Introduction to Companies House identity verification
• 00:20 – Why identity verification was introduced
• 01:06 – Overview of the new rules from November 2025
• 01:29 – The PSC birth month verification rule
• 02:50 – Director deadlines and confirmation statements
• 03:11 – Understanding the Companies House personal code
• 03:56 – Consequences of missing verification
• 04:36 – The two ways to verify your identity
• 05:00 – GOV.UK self-verification explained
• 05:21 – Using an authorised corporate service provider
• 06:39 – Why the new rules matter for every organisation
• 07:18 – Final advice and next steps

📘 Book

🎧 Podcast

🌐 Website

If this episode helped clarify Companies House identity verification, share it with another business owner who needs to hear it.

Plan it. Do it. Profit.

• April 2026:Sole traders and landlords with income above £50,000 must comply.
• April 2027:The threshold falls to £30,000.
• Future plans:The threshold could fall to £20,000.

• Four quarterly updates
• An end-of-period statement
• A final declaration

• Maintain a simple digital ledger
• Submit quarterly updates
• Upload spreadsheet data
• File their final declaration

• Sign the petition to stop the software tax
• Write to your MP
• Share the issue with other business owners and freelancers
• Spread awareness about the impact of Making Tax Digital

• 00:00 – Introduction and the broken tax deal
• 00:45 – What Making Tax Digital means
• 01:45 – Timeline for MTD rollout
• 02:40 – Why this creates a software tax
• 03:40 – HMRC’s justification and the tax gap
• 04:20 – Why a government tool should exist
• 05:00 – What action business owners can take
• 05:30 – Final thoughts

Cloud accounting is one of those topics that too many business owners, freelancers, and creatives ignore until it is too late. In this episode of I Hate Numbers, we make the case for why cloud accounting is not just a nice-to-have but a genuine game-changer for anyone running a small business. Whether you are currently relying on spreadsheets, paper receipts, or desktop software, this episode will show you what you are missing and what it is costing you.

Cloud accounting means using software that lives online to manage your business finances in real time. It is not simply swapping a spreadsheet for an app. It covers invoicing, reporting, expense tracking, bank feeds, and much more. The key difference is access and immediacy. You can log in from your phone, laptop, or tablet from anywhere. You can see exactly where you stand financially at any given moment, without waiting until the end of the month or the end of the year. We paint a practical picture here. Imagine finishing a client meeting in a coffee shop, pulling out your phone, and sending an invoice on the spot. That invoice lands in your client's inbox immediately, your accounts update instantly, and your chances of being paid promptly increase significantly. That is cloud accounting working as it should.

Too many business owners are still disconnected from their numbers. They treat bookkeeping as an annual chore, something to deal with at tax time rather than a live, ongoing part of running a healthy business. Cloud accounting changes that relationship entirely.

Time saved on admin is time you can spend delivering work, winning clients, and growing your business. We share the example of Sandra, a freelance designer juggling multiple projects. Before cloud accounting, she was spending Sunday mornings entering receipts and chasing invoices. After making the switch, she saved three to four hours a week on average. At even a modest hourly rate, that adds up to a significant saving over a quarter, not to mention the faster payments that come from sending invoices electronically.

Manual systems, however carefully managed, leave room for error. Dodgy spreadsheet formulas, duplicated entries, missing invoices — these are common and costly. Cloud accounting flags issues in real time, so you are not walking a financial tightrope with a blindfold on.

Running your business without up-to-date financial information is like driving with a frosted windscreen. Cloud accounting gives you dashboards and reports that show you at a glance how much money is in your bank, who owes you, what you owe, and where your money is going. That clarity leads to better decisions, fewer surprises, and far less financial panic.

A common concern is that cloud accounting sounds technical or difficult to set up. In practice, it does not need to be. Tools like Xero, which is our personal recommendation and the system we use with our own clients, are built for real people, not just accountants. You can connect your bank account, upload receipts with a photograph, send invoices in seconds, and configure automated reminders for overdue payments. Think of it as a digital finance assistant that never takes a holiday. When we set clients up with cloud accounting, we train and induct them from the start so they feel confident navigating the system. You do not need to be a numbers expert. You just need a simple, consistent workflow.

We also walk through a worst-case scenario that will feel familiar to many business owners. Work gets hectic, life gets busy, and the books get neglected. Suddenly you do not know who owes you money, what you owe, or whether you can afford your next project. Invoices go out late, bills go unpaid, and a tax bill arrives without warning. This is not bad luck. It is silent financial sabotage, and it is entirely avoidable with the right system in place.

Making the switch does not have to be overwhelming. We suggest four straightforward steps: choose your software (we recommend Xero), get familiar with how to navigate it, connect your bank account from the outset, and build a simple weekly workflow. Thirty minutes a week spent keeping your records current is far less painful than hours buried under a backlog. Small, regular habits beat big panic sessions every time. We also have a free digital guide to cloud accounting that you can download to help you get started with confidence.

Beyond the business benefits, there is also a legislative reason to act. From April 2026, Making Tax Digital will require small businesses and landlords to submit their accounts to HMRC on a quarterly basis. To do that, you will need a digital accounting system. We will be covering Making Tax Digital in detail in next week's episode, but the message is clear: the sooner you get familiar with cloud accounting, the less disruption you will face when the requirement kicks in.

Cloud accounting is not about going digital for the sake of it. It is about saving time, reducing mistakes, making better decisions, and keeping your business lean, profitable, and ready to grow. If this episode has been useful, we would love you to share it with someone who could benefit. And for a deeper grounding in business finance, the I Hate Numbers book is the ideal place to start. Remember: plan it, do it, profit.

1. [00:00:00]Introduction: why so many business owners avoid cloud accounting
2. [00:00:29]What cloud accounting actually is and what it covers
3. [00:01:31]Real-time access, automation, and the coffee shop invoicing example
4. [00:02:14]Why too many businesses are still disconnected from their numbers
5. [00:03:04]Time savings: the story of Sandra the freelance designer
6. [00:04:25]Avoiding costly mistakes with cloud systems
7. [00:05:06]Seeing the big picture: dashboards, reports, and better decisions
8. [00:05:42]Is it complicated? Why Xero works for non-accountants
9. [00:07:00]The cost of doing nothing: silent financial sabotage
10. [00:08:00]How to get started: four practical steps
11. [00:08:56]Free digital guide to cloud accounting
12. [00:09:16]Making Tax Digital: the legislative case for acting now
13. [00:09:49]Closing thoughts and call to action

If this episode has given you a clearer picture of what cloud accounting can do for your business, we would love you to share it with a fellow business owner or freelancer who needs to hear it. Subscribe to I Hate Numbers for more practical, no-nonsense strategies every week. Remember: plan it, do it, profit.

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Budgeting has a reputation problem. For many business owners, the word alone conjures images of restriction, cutbacks, and spreadsheets that drain the life from a room. In this episode of I Hate Numbers, we turn that thinking on its head. The power of budgeting lies not in what it stops you doing, but in everything it enables you to achieve.

We open by addressing the most common misconception head-on. A budget is not a straitjacket. It is a torch in the dark, a tool that illuminates where your business is heading and what it needs to get there. When you reframe budgeting as a creative, forward-looking process, the whole experience shifts. You move from reactive to proactive, from guesswork to grounded decision-making.

The power of budgeting starts with clarity. Without a financial plan, it is easy to feel as though you are simply treading water, managing day-to-day without a clear sense of direction. A budget changes that. It defines your goals and maps the path to reach them. We use the example of a small boutique owner aiming to open a second location within two years. With a detailed budget in place, that goal becomes trackable, measurable, and genuinely achievable.

One of the greatest advantages of embracing the power of budgeting is the financial control it provides. Think of it as a detailed route map for your business road trip. You know which routes to take, where to pause, and what to avoid. By monitoring expenditure, spotting patterns of overspending, and aligning every pound spent with your business goals, you eliminate waste and protect your margins.

Budgeting also transforms how you make decisions. When your budget is built around SMART goals, specifically ones that are specific, measurable, achievable, relevant, and time-bound, every choice you face can be evaluated against your financial plan. If your goal is to increase profit by 20% over the next twelve months, your budget becomes the blueprint that guides every investment, every cut, and every opportunity you consider. The power of budgeting here is that it replaces gut instinct with grounded, goal-aligned thinking.

We also explore the human side of budgeting, because the power of budgeting extends well beyond the numbers. Involving your team in the budgeting process improves communication, increases buy-in, and generates ideas you might never have considered on your own. When people understand the financial goals of the business and see how their work connects to those goals, they become contributors rather than just task-completers.

Accountability follows naturally when your team has had a hand in setting targets. They are more motivated to hit goals they helped create. Regular reviews of spending versus results keep everyone aligned, creating a culture of excellence where goals are not just set but pursued with genuine ownership and collective commitment.

A well-constructed budget also prepares you for the unexpected. Equipment failures, market shifts, and sudden cost increases are not if scenarios, they are when scenarios. By building contingency funds into your plan and stress-testing your budget with what-if analysis, you give your business the resilience to navigate challenges without losing sight of your longer-term goals.

The power of budgeting is the power to plan with purpose, act with confidence, and lead with clarity. Whether you are a freelancer, a creative, a CIC, or a growing small business, a budgeting mindset is not optional. It is foundational. You are not just crunching numbers. You are crafting a vision for the future of your business. For a deeper grounding in business finance, the I Hate Numbers book is the ideal place to start.

1. [00:00:00]Introduction: why budgeting gets a bad reputation and why that needs to change
2. [00:00:46]Clarity of purpose: how a budget acts as a torch in the dark for your business
3. [00:01:50]Financial control and efficiency: putting yourself in the driving seat
4. [00:03:00]Goal-driven decision-making: linking SMART goals to your financial plan
5. [00:03:58]Team communication and empowerment: involving people in the process
6. [00:05:23]Motivation and accountability: creating a culture of ownership
7. [00:06:07]Achieving goals and reducing risk: stress-testing your budget
8. [00:07:12]Conclusion and key takeaways: the budgeting mindset that transforms your business

If this episode has shifted your thinking about budgeting, we would love you to share it with a fellow business owner or your team. Subscribe to I Hate Numbers for more practical, no-nonsense strategies to help your business grow. And if you are ready to go deeper, our book is packed with guidance to help you build financial confidence from the ground up. Remember: plan it, do it, profit.

📘 Book https://www.ihatenumbers.co.uk/i-hate-numbers-book/ 🎧 Podcast https://www.ihatenumbers.co.uk/i-hate-numbers-podcast/ 🌐 Website https://www.ihatenumbers.co.uk

In this episode of the I Hate Numbers podcast, we tackle a tough but necessary truth: ignoring your numbers is quietly damaging your creative business. We understand why creatives avoid spreadsheets, budgets, and financial reports. You started your journey to create, perform, design, and inspire — not to stare at figures. However, the longer you ignore your numbers, the louder the financial clock ticks.

Let’s be honest. Avoidance feels easier in the short term. Staying reactive, making decisions on instinct, and hoping everything works out can seem simpler than facing the reality of your bank balance. But if you want to stay stressed, reactive, and running what feels more like an expensive hobby than a business, then ignoring your finances is a perfect strategy. Without clarity:

1. You make snap decisions without insight.
2. You chase invoices while worrying about rent.
3. You feel overwhelmed by tax deadlines.
4. You live hand-to-mouth from project to project.

That is not creative freedom. That is financial anxiety.

When you understand your numbers, something empowering happens. You stop guessing. You start making informed decisions. You move from “I hope this works” to “I know this works.” It is like switching on the light in a dark room. You can see what is coming in, what is going out, and where growth is possible. Understanding your finances does not mean becoming an accountant. It means becoming the driver of your business rather than a passenger.

Profit allows you to cover your costs, pay yourself properly, and build a financial buffer. It gives you sustainability. It prevents burnout and protects your creative future. Without profit, your business cannot survive long term. How you earn that profit is up to you. Ethics and values matter. But profit itself is not the enemy.

You do not need complex systems to start. A notebook, spreadsheet, or digital tool like Xero cloud accounting can give you visibility and control.

Set aside 15 to 30 minutes each week to review your numbers. Treat it like brushing your teeth — routine, necessary, and good for your long-term health.

Assign money intentionally. Allocate funds for tax, equipment, rent, savings, and paying yourself. Money without a plan disappears.

You did not enter the creative world to become a number cruncher. But if you want your passion to pay the bills — and more — then your numbers matter. That is why we created the podcast. It is why Numbers Know How and I Hate Numbers exist — to make finance human, practical, and empowering for creatives.

Ignoring your numbers might feel comfortable in the short term, but it limits your growth. When you face them — even imperfectly — you take back control. Understanding your money does not make you less creative. It makes you unstoppable.

1. [00:00:00] – Why ignoring your numbers feels easier
2. [00:01:00] – The cost of financial avoidance
3. [00:02:30] – Why clarity changes everything
4. [00:04:00] – Profit and sustainability
5. [00:05:00] – Three practical steps to take control
6. [00:06:00] – Final message and mindset shift

📘 Get practical finance guidance in our book: I Hate Numbers 🎧 Listen to more episodes on the I Hate Numbers Podcast 📺 Subscribe on YouTube Plan it. Do it. Profit.

Do your creative goals feel distant, vague, or overwhelming? Do they sit on your to-do list without ever turning into real progress? In this episode of the I Hate Numbers podcast, we explain how SMART targets act as a creative compass, helping you turn ambition into action without pressure or burnout. We share how breaking big goals into structured, realistic targets builds confidence, reduces anxiety, and keeps you moving forward, even when motivation dips.

1. Artists and creatives feeling overwhelmed by big goals
2. Business owners struggling with focus or follow-through
3. Anyone who wants progress without pressure
4. Creatives looking for clarity, structure, and confidence

Vague goals weaken commitment. When objectives feel too large or unclear, motivation drops and progress stalls. SMART targets give your creative ambitions structure, much like scaffolding supports a building. Instead of saying “I want to make more money from my art,” a SMART target becomes: “I will sell five original pieces via Instagram by 30 June.” Clear, specific, and achievable.

SMART targets avoid vague language. We replace “might” and “possibly” with strong, affirmative statements like “I will.” Specific goals turn intention into commitment.

If you cannot measure progress, you cannot manage it. Whether it’s minutes walked, emails checked, or pieces sold, numbers give clarity and accountability.

Your targets must feel believable and realistic. If needed, involve a mentor, accountability partner, or supportive community to keep momentum going.

Every target should connect to your bigger picture. Relevance ensures you’re working towards your own creative vision, not copying someone else’s path.

Deadlines create focus. A target without a timeframe is just a wish. Time-bound goals encourage action and consistency.

Goals are binary: success or failure. SMART targets are kinder. Even if you miss the bullseye, you still make progress. That mindset builds confidence and reduces anxiety.

Write down one SMART target for the coming week. It might be about building your portfolio, improving wellbeing, finding new clients, or protecting downtime. Small progress still counts.

1. [00:00:00] – Why creative goals feel overwhelming
2. [00:01:00] – What SMART targets really mean
3. [00:02:00] – Specific and measurable examples
4. [00:03:00] – Achievable and accountability
5. [00:04:00] – Why targets are kinder than goals
6. [00:05:00] – Weekly creative challenge & wrap-up

1. I Hate Numbers Podcast
2. I Hate Numbers YouTube Channel

If this episode helped you rethink goal-setting, share it with a fellow creative. Subscribe to the I Hate Numbers podcast for weekly insights that help you plan smarter, act confidently, and profit with purpose.

• Employees in studios, theatres, galleries, or offices
• Workers paying for professional costs themselves
• Anyone unsure whether they can claim tax relief
• Employees who have never claimed before

• Your total claim is £2,500 or less per tax year
• You do not complete a self-assessment tax return

• Receipts or bank statements for subscriptions and equipment
• Mileage logs showing dates, distances, and reasons for travel
• Employment contracts or emails confirming required home working

• Claiming for ordinary commuting
• Claiming everyday clothing
• Not keeping evidence
• Submitting duplicate claims

• [00:00:00] – Introduction and why tax relief matters
• [00:01:00] – What employment expense tax relief is
• [00:02:00] – Travel and mileage claims
• [00:03:00] – Subscriptions, tools, and working from home
• [00:04:00] – How the online claim works
• [00:05:00] – Evidence requirements
• [00:06:00] – Backdating claims
• [00:07:00] – Common mistakes to avoid
• [00:08:00] – Final thoughts and wrap-up

• 🔗HMRC Online Tax Relief Claim
• 🔗I Hate Numbers Podcast
• 🔗Xero Accounting Support

• [00:00:00] – CICs and tax myths
• [00:01:33] – Corporation tax explained
• [00:03:00] – VAT and registration thresholds
• [00:04:36] – Employing staff and PAYE
• [00:06:15] – CIC structures compared
• [00:07:00] – Grants and restricted income
• [00:08:22] – Practical tax planning tips
• [00:09:58] – Final recap

• Book a Call
• Xero Accounting Support
• I Hate Numbers YouTube Channel
• I Hate Numbers Book