In this episode, we’re making tax talk simple, strategic—and surprisingly empowering.

I’m Deb, a Profit First Professional, and I’m here to demystify the often overwhelming topic of tax for business owners. Rather than viewing tax as something to fear or avoid, we’ll reframe it as a sign of business success—and show you how to plan for it with confidence.

You’ll learn how setting up a dedicated tax account and using the Profit First method can eliminate the stress of surprise tax bills. We’ll cover common pitfalls, like confusing profit with cash flow or relying solely on your accountant to handle everything.

This episode will help you turn tax from a dreaded burden into a routine part of your financial planning—so you can focus on growing your business, not fearing the next HMRC deadline.

About the Podcast:

This episode of the Financially Healthy Business Podcast cuts through the fear and confusion surrounding taxes—and gives you a clear, proactive way to stay in control.

We explore why so many business owners end up blindsided by tax bills, and how a few simple shifts—like setting aside a fixed percentage of revenue—can protect your cash flow and give you peace of mind. You’ll also learn why profit and cash flow are not the same, and how understanding that difference is key to financial stability.

Tax doesn’t have to be scary. With a bit of planning and the right systems in place, it becomes just another part of running a sustainable, profitable business.

With 15–20 minute episodes designed to guide you step by step, this podcast offers practical, judgement-free advice to help you build a business that funds your freedom—not fuels your stress.

Let’s make taxes work for you—not against you.

Takeaways:

• The podcast emphasizes the importance of proactive tax planning to alleviate financial stress for business owners.
• Listeners are encouraged to establish a dedicated tax account to ensure funds are set aside for tax obligations.
• The discussion highlights the mindset shift needed to view tax as an indicator of business success, not a burden.
• Key tax mistakes include neglecting VAT and confusing profit with cash flow, which can lead to financial difficulties.
• The Profit First system is presented as a method to integrate tax planning seamlessly into business finances.
• The episode concludes by urging listeners to take actionable steps towards financial preparedness and control over their tax obligations.

Links referenced in this episode:

• how to build a financiallyhealthybusiness.co.uk

Companies mentioned in this episode:

• hmrc
• Accounts Ladies
• Accounts Office Academy
• Profit first
• Financially Healthy Business Podcast