** This episode was recorded in spring 2024 and therefore some of the regulations and information mentioned may have since changed **

In this episode James and Nicky chat to Accountant, Michael Harle, about navigating the tricky world of tax and keeping on top of our business finances.

We covered why tax should be taken seriously, but that with the right systems it doesn’t have to be ‘taxing’ or scary.

And we talked about the differences between how businesses are set up (self employed versus limited companies) and how that affects the way you manage your money and your dealings with HMRC.

Who is Michael Harle?

With over 20 years as an accountant working with small and national accountancy practices, Michael knows a thing or two about staying on the right side of HMRC.

His focus as Owner and Founder of Prosper Accountancy is to put all of his clients’ needs first and give them a tailored and personal approach to their business finances.

What we discussed with Michael

• That we need to get into the mindset that everything you earn is not actually ‘yours’
• Who needs to collect VAT, when you need to worry about it and how it works
• How an accountant can in fact save you money (and give you back time) in the long run
• How cloud based accountancy works and how it can save you loads of time and stress
• HMRC are not as scary as you think
• You can’t take your family to Disney World on expenses

Resources

Connect with Michael on LinkedIN https://www.linkedin.com/in/michaelharle/

Website: https://www.prosperaccountancy.co.uk/

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More about the hosts

Nicky Thomas is Founder of The Growth Community. A place where growth minded business people hang out to connect and help each other be more successful in business. Through enjoyable, productive fortnightly networking meetings and great onward conversations, our members and guests share knowledge and introductions and make valuable business friendships.

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James Marriott is the owner of podcast consultancy, Sound Media. With an extensive background in broadcast media, he helps people to unlock the power of podcasting to give businesses and brands an unique and strategic opportunity to connect with their audience.

Find out more on our website or connect on Linkedin.

https://wearesoundmedia.com/

https://www.linkedin.com/in/james-marriott-podcast/