The Ledger Lounge - Build A Better Business

Side Hustles - When Does the Tax Man Need To Know?

It's never been easier to create a "side hustle" - a few extra quid on the side of your main income - but at what point does the tax man need to know? Are you a regular seller of items on sites like eBay or Vinted? Did you know that there's limited to the profits you can make before you are required to declare it? Don't worry because in this episode, we'll help you understand exactly what's what and what you need to do. This episode of The Ledger Lounge is hosted by Matthew Taylor and Katie Allen from ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠James Scott Accountants⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ [https://www.jamesscott.com/] ⁠⁠⁠⁠⁠⁠⁠⁠⁠in Oldham, Greater Manchester. It is recorded at and produced by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Northern Media Co.⁠⁠ [https://www.northernmediaco.co.uk/] in Oldham. The Ledger Lounge – Friendly Disclaimer Everything we chat about on The Ledger Lounge (and in these show notes!) is meant to be helpful, interesting, and easy to understand — but it’s not personal tax, accounting, financial, or legal advice. Everyone’s situation is different, so always speak to a qualified professional before making decisions based on anything you hear in the show. We do our best to keep things accurate and up to date, but rules and regulations can change. The views shared by our hosts and guests are just their own, so please don’t take them as official advice from any organisations we’re connected to. Basically: enjoy the conversation, learn something new, but don’t make big decisions without proper guidance!

Making sense of Balance Sheets

In this episode of The Ledger Lounge, we break down one of the most important — and often misunderstood — financial statements in business: the Balance Sheet.Whether you're a business owner, bookkeeping student, finance newbie, or just trying to make sense of your company accounts, this episode explains balance sheets in plain English and shows why they matter far beyond year-end accounts.This episode of The Ledger Lounge is hosted by Matthew Taylor, Katie Allen and Lauren Thompson from ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠James Scott Accountants⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ [https://www.jamesscott.com/] ⁠⁠⁠⁠⁠⁠⁠⁠⁠in Oldham, Greater Manchester. It is recorded at and produced by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Northern Media Co.⁠ [https://www.northernmediaco.co.uk/] in Oldham. The Ledger Lounge – Friendly Disclaimer Everything we chat about on The Ledger Lounge (and in these show notes!) is meant to be helpful, interesting, and easy to understand — but it’s not personal tax, accounting, financial, or legal advice. Everyone’s situation is different, so always speak to a qualified professional before making decisions based on anything you hear in the show. We do our best to keep things accurate and up to date, but rules and regulations can change. The views shared by our hosts and guests are just their own, so please don’t take them as official advice from any organisations we’re connected to. Basically: enjoy the conversation, learn something new, but don’t make big decisions without proper guidance!

What the heck do these numbers mean!!!

It's not easy to understand a set of accounts...that's what accountants are for, right?! Well, yes, but as a business owner, it really does help you build a better business when you have a good understanding of the basics. So, in this episode we talk you through your income statement or if you are old school Profit and Loss account. What’s turnover? What’s GP? Listen and find out. This episode of The Ledger Lounge is hosted by Matthew Taylor, Katie Allen and Lauren Thompson from ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠James Scott Accountants⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ [https://www.jamesscott.com/] ⁠⁠⁠⁠⁠⁠⁠⁠⁠in Oldham, Greater Manchester. It is recorded at and produced by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠KUPOD Productions⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ [https://www.kupod.co.uk/]⁠⁠⁠⁠⁠⁠⁠⁠⁠ for ⁠⁠⁠Become Content⁠⁠⁠ in Oldham. The Ledger Lounge – Friendly Disclaimer Everything we chat about on The Ledger Lounge (and in these show notes!) is meant to be helpful, interesting, and easy to understand — but it’s not personal tax, accounting, financial, or legal advice. Everyone’s situation is different, so always speak to a qualified professional before making decisions based on anything you hear in the show. We do our best to keep things accurate and up to date, but rules and regulations can change. The views shared by our hosts and guests are just their own, so please don’t take them as official advice from any organisations we’re connected to. Basically: enjoy the conversation, learn something new, but don’t make big decisions without proper guidance!

Making Dough - A Baker's Son's Story

Ian Taylor was born above his parents Baker's shop in Oldham, Lancashire. He now works as an events host, public speaker, trainer, professional networker and consultant but as he shares his story, he reveals why he will always be Bakersson at heart. Please click the following links to learn more about Ian Taylor [https://www.linkedin.com/in/ian-taylor-0343a020a/] and the Oldham Business Network [https://theoldhambusinessnetwork.co.uk/]. This episode of The Ledger Lounge is hosted by Matthew Taylor and Lauren Thompson from ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠James Scott Accountants⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ [https://www.jamesscott.com/] ⁠⁠⁠⁠⁠⁠⁠⁠⁠in Oldham, Greater Manchester. It is recorded at and produced by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠KUPOD Productions⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ [https://www.kupod.co.uk/]⁠⁠⁠⁠⁠⁠⁠⁠⁠ for ⁠⁠⁠Become Content⁠⁠⁠ in Oldham. The Ledger Lounge – Friendly Disclaimer Everything we chat about on The Ledger Lounge (and in these show notes!) is meant to be helpful, interesting, and easy to understand — but it’s not personal tax, accounting, financial, or legal advice. Everyone’s situation is different, so always speak to a qualified professional before making decisions based on anything you hear in the show. We do our best to keep things accurate and up to date, but rules and regulations can change. The views shared by our hosts and guests are just their own, so please don’t take them as official advice from any organisations we’re connected to. Basically: enjoy the conversation, learn something new, but don’t make big decisions without proper guidance!

Financial Planning with Emma Husband

Katie and Lauren are joined by Emma Husband, a financial planner who is passionate about helping women take better control of their finances. The Ledger Lounge is hosted by Matthew Taylor and Katie Allan from ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠James Scott Accountants⁠⁠⁠⁠⁠⁠⁠⁠⁠ [https://www.jamesscott.com/] ⁠⁠⁠⁠⁠⁠⁠⁠⁠in Oldham, Greater Manchester. It is recorded at and produced by ⁠⁠⁠⁠⁠⁠⁠⁠⁠KUPOD Productions⁠⁠⁠⁠⁠⁠⁠⁠⁠ [https://www.kupod.co.uk/]⁠⁠⁠⁠⁠⁠⁠⁠⁠ for ⁠⁠⁠Become Content⁠⁠⁠ in Oldham. The Ledger Lounge – Friendly Disclaimer Everything we chat about on The Ledger Lounge (and in these show notes!) is meant to be helpful, interesting, and easy to understand — but it’s not personal tax, accounting, financial, or legal advice. Everyone’s situation is different, so always speak to a qualified professional before making decisions based on anything you hear in the show. We do our best to keep things accurate and up to date, but rules and regulations can change. The views shared by our hosts and guests are just their own, so please don’t take them as official advice from any organisations we’re connected to. Basically: enjoy the conversation, learn something new, but don’t make big decisions without proper guidance!