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…

Inside out, Outside in – a comment from Alan Freeman

Sound policies are based on sound evidence, and nowhere is its definition, procurement and interpretation more complex than in the field of Culture, where the benefits of a good decision are outweighed only by the risks of making a bad one. Sarah Thelwall’s ‘Inside-out’ methodology aims to unpack the ways in which financial data is aggregated, 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…

Community Businesses and the Poverty Trap

We are familiar with idea of the working poor as individuals and being stuck in a poverty trap of poor education and reduced opportunities. We are also familiar with the idea that the lives of families in the working poor are fragile houses of cards and if, for example, one carefully constructed set of child 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…

GDPR Week at MyCake

At MyCake we take data seriously. In fact it’s our core business, and so the General Dataprotection Regulations (#gdpr) which come into force on 25th May are something we’re really interested in. And thought you might be too. There’s lots of information out there, but because it’s about data, it’s going to be a bit, 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…

Creative Money: 10 recommendations for cultural organisation on how to organise their finances

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Sarah Thelwall talks about the nitty-gritty of running a business in the cultural industry and about how to fine-tune the financial side of cultural organisation’s work. 1. Strike a balance between your creative drive and basic financial knowledge People who come to the creative industry or cultural sector seek to tell consumers about their products, Read the full article…