Are you ready to Make Tax Digital…..do you need to be?

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What is Making Tax Digital (MTD)? MTD is being introduced by HMRC as part of the government’s plan to transform the tax system and make it easier for individuals and businesses to get their tax right first time and assist them with keeping better records. See the HMRC website’s for further information: https://www.gov.uk/government/publications/making-tax-digital/overview-of-making-tax-digital Who is Read the full article…

How do you look at your data – Inside out, or outside in?

Data that makes you go hmmm? Here at MyCake we spend our days developing tools and services to help non-profit organisations make data and evidence informed decisions. In particular we specialise in making financial data (both yours and others) easier  to bring into conversations about: Future strategy Your business model Opportunities for growth and development What your risks Read the full article…

Success Guide to Lettings

It’s not always easy for community businesses to get their hands on the kind of detailed financial data that helps build a business case, and get an important local service up and running. Unlike businesses in the private sector, local groups often only have minimal access to information, advice and inaccurate financial data on income generation to support their planning and goal setting. Read the full article…

Are you sweating your assets?

Asset Management Guide Culture Hive

One of the truisms about comedy around, well, almost anything really is that it must be based in fact.  Buzzwords, and phrases that use them – like sweating your assets – really do come from a place of business sense;  and not just the sensible play of buzzword-bingo in the hour-too-long management meeting after lunch on Read the full article…

Be nice to your space!

Community Guide to Room Hire;  Power to Change / MyCake

Have you got space in your community centre?   Do you use it all?  Or is there a room at the back, maybe a little damp (’cause you don’t keep the heater on) that’s sitting there, lonely, with no one to play in it? Just a little sad round the edges, and slighly neglected with perhaps Read the full article…

Where are you with managing your money? Our survey says…

Back in the autumn we circulated a small survey to a number of community businesses to find out how they managed their money – in some cases, literally.   Our results are quite interesting from the small data cohort we used: Managing and keeping track of money is one of those things that we all MEAN Read the full article…

Tax Return – how to avoid the January panic

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Should the 31st October deadline for paper tax returns be the mental deadline for all of us? So the deadline for paper filing of tax returns is looming on the 31st October, but some people argue that this should be your deadline even if you complete your tax return online. Why? In part to avoid Read the full article…

Meet the Finance advisors helping the creative industry flourish

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Launched across England in September 2014, Creative Industry Finance is a programme designed to assist creative and cultural enterprises in securing the finance and investment needed to develop and grow into sustainable businesses, and is delivered and managed by Creative United. Meet three of the Creative Industry Finance Advisors in this video (filmed by MyCake’s Read the full article…

So what do creative professionals need to know about finance – video recap

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On 12th March 2014, Sarah Thelwall joined Be Smart About Art founder Susan Mumford online to explain some basics of finance for creatives using her Plain English style. Sarah is a strategist and consultant in the Creative Industries and grand dame founder of MyCake.org, our resource for online financial management and benchmarking business tools. Sarah Read the full article…

DCMS Arts priorities for 2015

Culture Secretary Maria Miller has set out the details of the June Spending Review settlement and its implications for the DCMS and for Arts Council England (ACE). Confirming a funding cut to the Arts Council of 5% for 2014/15 – lower than for some other DCMS clients – she attributed this to having made “strong Read the full article…