Accountancy, Tax, Business Finance and Money Mindset
If your business involves foreign currency, whether you’re importing products, paying overseas suppliers, or signing international contracts, you’re probably familiar with the uncertainty that fluctuating
Hello, I’m Debbie Hancock, and in today’s blog, I’m sharing crucial insights from my podcast episode Get Financially FIT where we dive deep into the
Q1 2025 Insights with Debbie Hancock Hello, I’m Debbie Hancock, and welcome to my blog where I share practical financial tips for business owners wanting
Cash flow isn’t just a small business problem, it’s critical for every business, especially those scaling and growing. There’s a quote I love: “Businesses don’t
Money talk still makes many people uncomfortable — and yet, it’s one of the most powerful tools we have to build freedom, options, and a
Hello and welcome! Today, I want to share some practical money habits that can help you grow a profitable business. I always like to bring
When people think about finances in business, they often jump straight to numbers — revenue, profit, cash flow. And while those are important, there’s something
When I work with business owners on their finances, I often ask them to finish the sentence: “Money is…” The answers I get are never just
Wayne is joined by Debbie Hancock of Southbourne Accountancy to discuss how the current economic climate impacts businesses in the fitness industry. Debbie also gives
On this week’s podcast, Adam talks with Debbie Hancock, fitness industry focused accountant and mindset coach. Debbie shares some great tips, insights and knowledge all
Teaching these lessons early helps children develop a positive and responsible relationship with money. Just like learning to read or do maths, financial literacy is
The #SmashVAT series is designed to help inspire and encourage more solopreneurs to AIM to increase their revenue, exceed the VAT threshold and become VAT-registered.
In this conversation, Debbie Hancock, a business money coach, discusses her journey from being a traditional accountant to integrating financial strategy with mindset coaching. She
Ep 25 – Let’s Talk Money with Debbie Hancock Listen to the episode here Money is such a taboo subject, yet money is something that
Let’s talk about something that can make or break relationships – joint bank accounts. As a Financial Coach, I’ve seen countless couples navigate this milestone,
As we enter a new year, many people set resolutions to improve parts of their lives, such as fitness, health, mindset and finances, and this
A financial mindset is more than just spending habits. It’s the underlying beliefs, values, and emotions that shape our financial decisions. As we navigate life’s
Are your beliefs about money holding your business back? In this article, I’m diving into three common money myths that might be preventing you from
Have you ever found yourself chasing someone else’s definition of success? Perhaps you’re measuring your achievements against arbitrary financial milestones, or feeling like you’re constantly
It sounds ridiculous, right? Why would you block yourself from earning more money? Why would you stop yourself from spending money if you love to
Looking Back to Move Forward Welcome back to Get Financially Fit with Debbie Hancock. As we step into 2025, I want to share a powerful
We’ve all been there—tempted by a spontaneous treat, an exciting trip, or a luxury purchase that feels like it will bring us instant joy. In
For many of us, our careers play a huge role in shaping who we are. We introduce ourselves by our job titles, measure success by
Financial stress is one of the biggest challenges facing employees today. Rising costs, economic uncertainty, and a lack of financial confidence are leaving many people
Recently, I had the pleasure of being interviewed for a series on Women Leading the Finance Industry. It was a fantastic opportunity to reflect on
Revolutionise your fitness business: master your money mindset for unstoppable growth & sucess Are you tired of putting in long hours, sweating it out to
7 easy ways to cut down costs in your business Your costs grow along with your small business, but it’s always in your interest to
The benefits of Business Asset Disposal Relief for entrepreneurs When you dispose of a business, you want to do this in a way that maximises
Are you sat on secret R&D? Even though you already claim R&D Tax Credits, there’s every possibility your company could be sat on ‘secret’ R&D.
Planning for seasonal dips in income Seasonal dips in income can be highly challenging when you’re a small business. But there are proactive ways to
Childcare tax-free: Could you benefit? Canyou benefit from tax-free childcare? In a climate of rising interest rates and rising inflation, every penny is likely to
The importance of having a business coach It can be lonely at the top when you’re running your own business. As the owner manager, the
Here What tax will I need to pay as a director of a limited company? When you set up a new company, there are certain
The advantages of a flexible profit sharing ratio In a partnership, profits and losses are shared between the partners in accordance with the profit sharing
Build Strong Foundations in Your Gym Business to Make More Money Most gym owners do not get paid what they deserve. You put in the
5 signs you are undercharging Are you undercharging for your services? It can be hard to tell, particularly if you’re in a niche industry or
Understanding the Flat Rate VAT for Gym’s and small businesses The Flat Rate scheme was designed to encourage small businesses to register for VAT and
When should you buy capital items – the changes to annual investment allowance The Annual Investment Allowance will now remain at £1 million permanently rather
Can I claim R&D Tax Credits and Patent Box Relief? If you are claiming R&D Tax Relief and you have invested in patents or other
Extended Carry Back Of Losses – Don’t Miss the Claims Deadline To help businesses that suffered losses during the Covid-19 pandemic, temporary measures were introduced
Tackling The Cost of Living Crisis with Tax Advice & Reliefs As the cost-of-living continues to rise, small businesses are feeling the impact deeply, hitting
6 reasons to look at your financial reports Making time to look over your financial reports each month is an important task for any business
Should you deduct tax from interest payments? In the course of funding and growing your business, it’s likely that you’ll take out some form of
Succession planning for small business It takes guts to start a business. It also takes a strategic mindset to succeed. Business owners are no strangers
Add Your Heading Text Here 9 R&D record keeping habits your business needs Surprisingly HMRC doesn’t set out any specific record-keeping requirements when it comes
Should I change my accounting date, for making tax digital? In preparation of the introduction of MTD for income tax, which comes into effect from
Plan business spending to benefit from time-limited reliefs Unincorporated businesses and companies planning capital expenditure projects need to be aware of some time-limited reliefs. Timing
Corporation Tax changes – do you have more than one company? The corporation tax rules are changing from 1 April 2023, and the amount that
How will external funding affect my R&D claim? Companies often think they can only make an R&D claim if they have funded the entire R&D
High Income Child Benefit Charge – not just for higher rate taxpayers The High Income Child Benefit Charge (HICBC) is a tax charge that claws
Relief for homeworking expenses and post Covid-19 The Covid-19 pandemic forced large numbers of employees to work from home for the first time. Having made
Tax relief for the expenses of running a property business In common with other types of business, expenses are unavoidable when running a property business.
Capital Gains or Inheritance Tax Sometimes there is a choice of which tax to pay and where a person owns an investment property, they may
Can I claim tax relief for failed R&D projects? Failure is a reality of life, and the same applies in business. Failure comes hand in
First-time buyer relief for SDLT and investment property trap First-time buyer relief may reduce the stamp duty land tax (SDLT) that a first-time buyer pays
Distributions on cessation of a company Companies cease for various reasons, some closing for the personal reasons of their directors or shareholders, rather than being
Pheonix Companies In a private limited company, it is usual for a director to also be a shareholder. Payments made to shareholders are deemed to
4 Ways tor bring forward your R&D tax credit With the backlash of Covid-19 and the relentless lockdowns, businesses have been hit hard. It’s hardly
‘Trivial benefits’ – PAYE Legislation surrounding ‘Trivial Benefits’ was introduced to save employers from having to report relatively small amounts given to employees as taxable
What to do if you need to change your tax return You made it and filed your self-assessment return for 2018/19 by the 31 January
Incidental overnight expenses A tax exemption enables an employer to meet small personal expenses when an employee stays away from home for work, without the
Subcontractor or Contractor – What R&D can I claim? CONTENT: Subcontractors. Maybe you use them, maybe you are one, maybe you are acting as one
What’s stopping you from achieving financial freedom? How many of you are familiar with the term financial freedom? This is one such goal that many
Making the most of pension tax allowances Pension savings can be tax efficient as contributions to registered pension schemes, attracting tax relief up to certain
Trivial benefit traps – Contractual obligations The trivial benefits exemption allows employers to provide employees with low cost benefits free of tax and National Insurance
The fear of money and four ways to overcome your money blocks Few people are wizards at making money. But it IS possible for anybody
Reporting low emission vehicles – Changes from April 2020 From 6 April 2020, new appropriate percentage bands – and new lower charges for low emissions
What software expenses can I claim for? Almost every R&D Tax Relief claim that we process includes some form of software costs. But it’s hardly
Do you know your real-life number? What is your real-life number? Every business owner has a real-life number. It is everything behind the scenes, that
14 Quick wins to get EVEN MORE back in your next R&D claim Remember that feeling when your first R&D tax refund hit money hit
Should I outsource my R&D activity of keep it in-house? If you’re considering whether to bring some or all of your R&D project work inhouse
Spring Statement Update 2022 As you may have seen on the news, the Chancellor announced his Tax Plan on 23rd March. Here is a quick
How to better forecast your R&D tax claim When R&D tax relief first fell onto your radar, you were no doubt blown away by the
When it comes to R&D, timings are key! One of the most important aspects when making an R&D Tax Relief claim is timeframes. Not only
Developing a Marketing Landing Page for FitPros- The Five Elements You Must Include First impressions are crucial in business. A great landing page can help
Four Examples of Companies That Take Social Responsibility as Seriously as Corporate Responsibility Being socially responsible doesn’t mean you have to sacrifice profit. Today, it’s
Add Your Heading Text Here Is Your Fitness Business Losing Money? The Seven Reasons Why It’s Happening Are you wondering why your revenue and profit
5 Ways To Grow Your Fitness Business Without Breaking The Bank Business growth often requires hefty investment, but there are ways of growing and improving
THE OKR Goal Setting – what it is and how you can use it in your fitness business Positioning a business for growth isn’t easy.
The Fear of Money and Your Money Blocks Few people are wizards at making money. But it IS possible for anybody to get rid of
Capital Allowances. Invest now or later? Earlier this year, you may have seen in the news – or online – talk of a new super
The Four Signs That a Prospect is Ready to Buy From You Customers will often give you a clue when they’re willing to buy, making
What 6 numbers will help you grow your fitness business? In order to grow your business, you need to understand how you’re faring. Financial numbers
Six steps for creating an effective business budget for your gym Every gym owner / fitness business owner must know where the money in their
Overcoming Imposter Syndrome – Five Tips for Dealing With an Issue That Hits All Entrepreneurs Is your lack of confidence starting to affect the business?
The seven steps to follow to document your processes New processes that aren’t yet proven within a company need to be handled with care. Documenting
6 reasons your fitness business should embrace digital accounting Many gym and fitness business owners have been using spreadsheets to do their accounting for years
5 Strategies to Generate More Leads for Your Small Business Every sale starts with a lead, so as a gym owner you naturally want to
Cash Flow vs Profit: What’s the Difference and Which is More Important? It’s the age-old debate: cash flow or profit? Whilst the two are undoubtedly
How to spend a market budget wisely in 2021 Marketing budgets are on the rise, and for good reason. Research by the CMO Council found
The 4 Best Online Marketing Channels to Start Customer Conversations Content marketing is a powerful and cost-effective way of growing your fitness business, but many
What tax deductions might you be missing? They say that only two things are certain in life: death and taxes. Paying tax is inevitable but
How do you know if your fitness business is profitable? As a gym owner or fitness business owner, you always have a million-and-one things to
Why you should stop competing on price – and how to do it Many fitness businesses compete on price simply because they haven’t contemplated taking
What can a virtual finance director do for your fitness business? After a sustained period of growth, business owners often find themselves in a tricky
Why your credit score is good for the health of your fitness business An excellent business credit score can accelerate the growth of your
Four Business Technologies you will want to adopt Making sure your company keeps up with the best practices will guarantee future progress and keep your
Four tips for improving decision-making process Making the best choice can often prove challenging. Luckily, there are ways to make your decision-making skills better. People
How to use technology to boost member satisfaction There have never been more tools available for improving customer satisfaction. Use them to create lasting relationships
What to know before establishing a business Most business owners who fail to get their business off the ground do so because they rush in
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