Episode 84: Know Your Numbers: The Financial Side of Running an HR Consultancy

Episode 84: Know Your Numbers: The Financial Side of Running an HR Consultancy

Host: Mary Asante

Guest: Mark Randall, Your Finance Team

Tax changes, rising employment costs, cash flow, pricing and profitability — how well do you really understand the numbers behind your business?

In this episode of HR Voices, Mary Asante is joined by Mark Randall from Your Finance Team to explore the financial, tax and regulatory changes affecting small businesses and independent HR consultants — and what they mean in practice.

From Making Tax Digital and Companies House requirements to employer National Insurance, dividend tax and the true cost of employing someone, Mark explains what business owners need to understand and why financial awareness matters when making business and people decisions.

In this episode, we discuss:

Making Tax Digital (MTD) and what it means for sole traders

Tax and regulatory changes affecting small businesses

Employer National Insurance and rising employment costs

National Minimum Wage and Statutory Sick Pay changes

Companies House identity verification requirements