Love your numbers and pie charts hannah, thanks for being so open with us, its super helpful as a self employed person, and its fun not feeling alone with getting my head around it
This is so helpful! I'm starting my Masters in September and will be self-employed after that, it gives me so much anxiety from time to time but your video really put things in perspective expenses wise :)
Oh i love that you mentioned the captions because it reminded me to turn them on! 😅 I always prefer watching with captions but i often toggle them off for one reason or another and forget to turn them back on because so few people use proper captions!!!
Yes her captions are so good! It makes a huge difference to have proper capitalization, punctuation, and line breaks. None of that "one word at a time flying by" unreadable junk that other creators think is perfectly reasonable.
The struggle is truly real for us freelancers who want the bank daddy to like us but also don't to pay and arm and a leg in tax - which way do we want to get screwed regarding business expenses, that is the eternal question!
In the USA, you can deduct some of your home cost at a business expense if you run your business out of your home. Talk to your accountants about the UK side of that!
Love it! Also thank you, because now that I as well have entered the magic world of freelancing, even if it's obviously completely different here in Italy, I get really inspired and motivated by your organization and overall enthusiasm, which atm I feel a big lack of. Think I'm gonna need a rewatch of all the business-related videos now that I kinda know better what you were talking about 😂
So, did you find that the overall expenses went down from last year already because of not renting the studio in Q4, or did variation in other categories balance it out? Did the proportion between income and expenses stay the same as last year or did it change in some way?
So wait, if I pay into my pension, I put that in my books "out" section? Or is it that the gov site asks if I pay into pension when I'm filling at the end of year?
Assuming you're in the UK - If you have a limited company it counts as a business expense and goes in the company accounts as an expense. If you are a sole trader it doesn't go in the accounts and you put it on your personal tax return 😊
So proud of you Hannah and you done incredible job and always rooting for you 🌈🌈🌈🌈🌈🌈🌈🌈🌈🌈🌈🌈🌈🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞
I’ve used the app receipt bank in the past but now I have a Google drive folder everything goes in and my accountant has access to it and they sort it all… I don’t do anything other than save them! I also have a Monzo business account which lets me upload pictures of receipts in the app and then that all automatically gets exported to a spreadsheet that my accountants have access to
Was watching in the garden, and the postman walked in just as Hannah made the raspberry sound. The look he gave me 🤣
hahaha what ARE you watching?!
@@morehannah12:51
Love your numbers and pie charts hannah, thanks for being so open with us, its super helpful as a self employed person, and its fun not feeling alone with getting my head around it
This is so helpful! I'm starting my Masters in September and will be self-employed after that, it gives me so much anxiety from time to time but your video really put things in perspective expenses wise :)
Oh i love that you mentioned the captions because it reminded me to turn them on! 😅 I always prefer watching with captions but i often toggle them off for one reason or another and forget to turn them back on because so few people use proper captions!!!
Yes her captions are so good! It makes a huge difference to have proper capitalization, punctuation, and line breaks. None of that "one word at a time flying by" unreadable junk that other creators think is perfectly reasonable.
I love these Wednesday lunch videos 🎉
Always nice to look at some good old pie charts🤓🥧
the lil data nerd in me loves this!! solid bedtime watch from a british gal all the way in australia
Love this series of videos, it’s so interesting!
What a fun video to wake up to!
you know when you've cultivated the right audience on youtube when you talking about money and spreadsheets people are like "FUN!" 😅😅
*and pie charts!! spreadsheets were involved but unseen in this video haha
The struggle is truly real for us freelancers who want the bank daddy to like us but also don't to pay and arm and a leg in tax - which way do we want to get screwed regarding business expenses, that is the eternal question!
the eternal question indeed! also, lol "bank daddy" 😅😅
In the USA, you can deduct some of your home cost at a business expense if you run your business out of your home. Talk to your accountants about the UK side of that!
I always love a good pie chart. :)
Love it! Also thank you, because now that I as well have entered the magic world of freelancing, even if it's obviously completely different here in Italy, I get really inspired and motivated by your organization and overall enthusiasm, which atm I feel a big lack of. Think I'm gonna need a rewatch of all the business-related videos now that I kinda know better what you were talking about 😂
oooh I hope they are helpful! good luck!
I just finished my school year and I'm looking forward this summer to actually have the time to attend the primère of one of your future video's!!!
Really informative, thank you!
I love these business videos and learning about the economics of the creator economy!
Please can you do a video on when you started your pension and how much to put in as a
Self employed person etc etc x
Did you need to pay your old producer redundancy pay?
Great video
Thanks!
So, did you find that the overall expenses went down from last year already because of not renting the studio in Q4, or did variation in other categories balance it out? Did the proportion between income and expenses stay the same as last year or did it change in some way?
Expenses were a bit lower overall - I was still renting my studio in Q4 but team costs had been reduced a lot
Consultancy fees = "professional services"
Haha that’s better!!
So wait, if I pay into my pension, I put that in my books "out" section? Or is it that the gov site asks if I pay into pension when I'm filling at the end of year?
Assuming you're in the UK - If you have a limited company it counts as a business expense and goes in the company accounts as an expense. If you are a sole trader it doesn't go in the accounts and you put it on your personal tax return 😊
So proud of you Hannah and you done incredible job and always rooting for you 🌈🌈🌈🌈🌈🌈🌈🌈🌈🌈🌈🌈🌈🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞
I would love a video on how you save and organise your receipts so it's not complete chaos when it comes to tax time 😂
I’ve used the app receipt bank in the past but now I have a Google drive folder everything goes in and my accountant has access to it and they sort it all… I don’t do anything other than save them! I also have a Monzo business account which lets me upload pictures of receipts in the app and then that all automatically gets exported to a spreadsheet that my accountants have access to
hi
I always love a excellent pie chart so helpful 🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌈🌈🌈🌈🌈🌈🌈🌈🌈🌈🌈🌈🌈🌈🌈🌈🌈🌈🌈🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊