Mum & Son On The Money Podcast

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Mum & Son On The Money Podcast is a fresh, down-to-earth series that brings warmth, humour and honesty to the world of finance. Hosted by mother-and-son duo Lorraine Stone and Travus Wynne from Happy Days Accounting, the show strips away the jargon to make money talk simple, relatable and even entertaining. Each episode shares real experiences, practical advice and candid conversations about running a business, managing finances, and navigating life’s ups and downs. It’s a podcast that proves accountants aren’t all spreadsheets and calculators – they’ve got stories, laughs and real-life lessons to share.

Episodes

  1. Apr 20

    Episode 6 | A clear, honest and practical guide to VAT for small businesses

    Lorraine and Travus from Happy Days Accountants break down everything small business owners need to know about VAT in this practical and wide-ranging episode of Mum and Son on the Money. From understanding what VAT actually is and when you need to register, to the pros and cons of voluntary registration, this episode tackles one of the most confusing areas of running a business. They explore the £90,000 threshold, explain how reclaiming VAT works, and highlight why being VAT registered isn’t always the advantage it might seem. There’s a clear look at the difference between cash and accrual VAT schemes, how pricing and profitability are affected, and why B2B and B2C businesses experience VAT very differently. The conversation also covers common mistakes—like charging VAT when you’re not registered, using incorrect VAT codes in accounting software, and misunderstanding zero-rated vs “no VAT” transactions. They dive into more advanced areas too, including marginal VAT schemes, international VAT complications, and the risks of trying to split businesses to avoid registration. There’s plenty of real-world advice on staying compliant, preparing for VAT inspections, managing cash flow by setting aside VAT, and knowing when to seek professional help. Plus, a reminder that while mistakes can happen, good record-keeping and honesty go a long way with HMRC. A must-listen for anyone running—or thinking of starting—a small business. #VAT #SmallBusinessUK #AccountingTips #BusinessFinance #HMRC #EntrepreneurUK #TaxAdvice #Bookkeeping #StartupTips #MoneyMatters

    55 min

  2. Mar 26

    Episode 5 | Running for a Reason: Harry’s Rainbow, Community Impact & Charities

    In this special episode of Mom and Son on the Money, Lorraine and Travis from Happy Days Accountants are joined in the studio by guests from local Milton Keynes charity Harry’s Rainbow. Together, they reflect on the powerful experience of the MK Festival of Running, where over 170 runners came together to support bereaved children and families. The conversation explores the emotional impact of the event, from personal running challenges to the incredible community spirit that carried participants across the finish line. Dominique and Allison share the inspiring story behind Harry’s Rainbow, founded after the sudden loss of a young boy, and how the charity has since supported over 1,000 children and young people through grief. There’s also a practical side to the discussion, offering valuable insight into running a charity. The team break down different organisational structures such as charities, CIOs and CICs, highlighting the importance of financial processes, funding strategies and choosing the right people to grow a sustainable organisation. This episode blends heartfelt storytelling with real-world advice, giving listeners a deeper understanding of the challenges and rewards of charity work, while shining a light on the vital support available for families facing bereavement. Plus, hear about upcoming events including the Harry’s Rainbow Firewalk and how you can get involved in supporting this incredible cause. #Podcast #Charity #MiltonKeynes #HarrysRainbow #Fundraising #Community #Running #BereavementSupport #NonProfit #CIO #SmallCharities #Inspiration #BusinessAdvice

    51 min

  3. Mar 3

    Episode 4: Making Tax Digital (MTD)

    In this episode of Mum and Son on the Money, the Happy Days Accounting podcast, Lorraine and Travis sit down withIn this episode of Mum and Son on the Money, the Happy Days Accounting podcast, Lorraine and Travis sit down with Chris to talk about everything from personal motivation to major upcoming tax changes affecting sole traders across the UK. The conversation begins on a lighter note with Lorraine sharing her journey training for a 10K run at the Milton Keynes Festival of Running in support of Harry’s Rainbow. What started as a challenge outside her comfort zone has become a story about perseverance, health improvements, and the surprising benefits of regular exercise. Lorraine explains how running has helped improve her asthma and boosted her overall wellbeing, while Travis reveals how he persuaded her to sign up for the race in the first place. They also talk about the power of stepping outside your comfort zone, the importance of routine and accountability, and how setting goals can dramatically improve both physical and mental health. The discussion then moves into the world of business networking around Milton Keynes. Lorraine and Travis share their experiences attending events like Meet of MK and Collaborate MK, highlighting the importance of building relationships within the local business community. From breakfast networking events to raffle wins and community support, the episode gives a behind-the-scenes look at how small business owners connect, collaborate and grow their networks. But the main focus of the episode is an important topic that many UK sole traders need to understand: Making Tax Digital (MTD). Lorraine and Travis break down what Making Tax Digital means in simple terms, including: • Who the new rules will affect first • The turnover thresholds for compliance • Why quarterly digital reporting will soon become standard • How the system will change the way businesses manage their finances • The benefits of using accounting software like Xero • Why good bookkeeping habits are becoming essential They also explain the difference between turnover and profit, something many business owners misunderstand, and why turnover is the key figure HMRC uses when determining whether MTD applies. The conversation explores how digital bookkeeping systems can actually make life easier for business owners by improving financial visibility, helping with tax planning, and avoiding those stressful year-end surprises. Lorraine and Travis also discuss common mistakes they see from businesses that still rely on paper records and explain why transitioning to digital systems now will make the future much smoother. Throughout the episode, they emphasise that Making Tax Digital shouldn’t be seen as something to fear. Instead, it’s part of a wider move towards modern, streamlined financial management that gives business owners more control over their numbers. The episode wraps up with a look ahead to upcoming events, including International Women’s Day celebrations in Milton Keynes, industry networking events, and Lorraine’s upcoming race on Mother’s Day. If you're a sole trader, small business owner, or simply interested in understanding how tax and accounting changes affect everyday businesses, this episode offers practical advice, real experiences, and a clear explanation of what’s coming next. #MakingTaxDigital #SmallBusinessUK #SoleTrader #AccountingPodcast #BusinessFinance #TaxAdvice #EntrepreneurUK #MiltonKeynesBusiness #BookkeepingTips #HappyDaysAccountants

    50 min

  4. Feb 3

    Episode 3: How Smart Business Owners Avoid January Tax Stress (And Why Planning Beats Panic)

    In this episode of Mum and Son on the Money, Lorraine and Travus from Happy Days Accountants talk about starting the year without stress, why January doesn’t have to be tax-return chaos, and how planning ahead can completely change life for business owners. From taking two full weeks off over Christmas to helping clients avoid burnout, they share practical ways to stay in control of finances instead of letting deadlines control you. They open up about working more closely with growing businesses, mentoring finance teams, and stepping in when overwhelmed owners are ready to quit — showing how the right systems and support can bring the spark back. There’s also a big focus on charities and CICs, why specialist financial guidance matters, and the risks of “not knowing what you don’t know” as a trustee. Plus, they chat about supporting local good causes including Harry’s Rainbow and Milton Keynes Community Foundation, Lorraine’s 10K running challenge, and the power of giving time, not just money. It’s an honest, down-to-earth conversation about business, balance, and building a community that works for everyone. #smallbusinessuk #TaxTips #CharityFinance #BusinessGrowth #EntrepreneurLife #CIC #Trustees #MiltonKeynes #WorkLifeBalance #RunningForCharity

    43 min

  5. 12/04/2025

    Episode 2: The 2025 Budget - what it means for your business

    The latest episode of the Happy Days Podcast sees Lorraine and Travus unpack the Government’s November 2025 Budget and what it really means for small businesses, families, and anyone trying to keep their finances in order during a challenging economic period. They explore the rising pressures facing business owners, from stalled growth to increasing employment costs, before diving into the headline changes. There’s a frank look at the 2% rise in dividend tax across all bands, the National Living Wage increase and the impact on already-squeezed small firms, and the controversial decision to roll out pay-per-mile tax for electric vehicles. Lorraine and Travus also break down the removal of the two-child benefit cap, the risks surrounding higher taxes on property and savings, and the ongoing freeze of NIC and income tax thresholds until 2031. They highlight the measures the Government hasn’t shouted about too loudly too, including gambling tax changes and ISA reforms. And amid the gloom, they do find one sliver of relief: a cut to domestic fuel bills. It’s a clear, honest and practical guide to what the Budget really means on the ground for business owners and families. #HappyDaysPodcast #Budget2025 #SmallBusinessUK #DividendTax #ElectricVehicles #NationalLivingWage #UKFinance #TaxChanges #BusinessAdvice #AccountingTips

    36 min

  6. 11/02/2025

    Episode 1: Introduction

    In the first episode of Mum & Son On The Money Podcast, Lorraine Stone and Travus Wynne from Happy Days Accounting break the stereotype of accountants being dull and serious. Lorraine shares her journey from running a marble restoration business and burger van to becoming a finance director and, eventually, a digital nomad accountant. Travus talks about his engineering career in Canada and how life twists led him into accounting. Together, they reveal what accountants really think but don’t say — from last-minute clients and messy receipts to the myth that tax returns are fun. With humour and honesty, they explain why choosing the right accountant is all about finding someone who fits your personality, not just your balance sheet.

    32 min
  • 6 Episodes

About

Mum & Son On The Money Podcast is a fresh, down-to-earth series that brings warmth, humour and honesty to the world of finance. Hosted by mother-and-son duo Lorraine Stone and Travus Wynne from Happy Days Accounting, the show strips away the jargon to make money talk simple, relatable and even entertaining. Each episode shares real experiences, practical advice and candid conversations about running a business, managing finances, and navigating life’s ups and downs. It’s a podcast that proves accountants aren’t all spreadsheets and calculators – they’ve got stories, laughs and real-life lessons to share.

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