Are you looking for clarity over the future direction of your business? Do you want to know the actions you should take in order to grow your business? Then consider taking time to create a budget for your business.
A potentially life-saving public access defibrillator has been installed in the Rye House area of Hoddesdon, made possible by local business HB Accountants, in partnership with local charity, Hearts for Herts, and a generous donation from Plumpton House landlord Clive Martin. HB Accountants’ fundraising had personal inspiration driving their mission.
The growing threat of cyberattacks remains for all UK businesses. It could result in Cyber Vandalism – such as the publication of a fake terror attack at UK stations thanks to an admin error that impacted National Rail, fake voices and images – known as a deepfake attack – scammed the British design firm Arup out of $25m (£19m) or a ransomware attack on payroll data at the Ministry of Defence. Incidentally, as well as data, ransomware gangs stole more than $1bn last year, according to US blockchain analysis firm Chainalysis.
A critical part of running a small business is managing your accounting. Not only do you need to manage the bookkeeping – the recording and organising of your financial data such as invoicing, expenses, payments and payroll – you also need to manage your accounts – the presentation and interpretation of that financial data including preparing tax returns, generating reports and forecasts, and auditing. So, which is the best way to record your financial information if you’re a SME? Should small businesses use simple spreadsheet accounting or invest in an accounting software package?
We are delighted to share that HB Accountants has been recognised as the 26th Top SME apprenticeship employer in England! This achievement reflects the hard work and dedication we put into creating outstanding apprenticeship programmes and supporting our apprentices to succeed. We are committed to nurturing talent and investing in the next generation of superstar professionals.
When starting a business, one of the first decisions you’ll need to make is whether to operate as a sole trader or set up a limited company. Both options has its own advantages and drawbacks. From taxation and liability to administrative responsibilities and credibility. Choosing the right option depends on factors like the nature of the your business, your long-term goals and how much risk you are willing to take. Here we will explore the key differences between being a sole trader and running a limited company to help you make an informed decision.
An audit is an independent review of your company’s accounts to ensure that the business has been maintaining proper financial records and completing financial reporting requirements. An audit gives you peace of mind but it can feel quite traumatic to have external experts reviewing your finances. As ICAEW registered auditors, we have audited many businesses, subsidiaries and charities. Following are our tips about how to prepare for an audit to ensure that everyone involved has a relaxed and profitable experience.
While it is incredibly tempting to wind down in the days leading up to Christmas and take it easy between Christmas and the New Year celebrations, it really is the perfect time to ensure that your accounts are in tip top shape.
Finance professionals are not only responsible for financial transactions and reporting, they are directly involved in the operation of their organisations; providing strategic direction and high-level decision making. However, with this expanded responsibility and new technology, there comes new challenges.
Most of you know Catherine but say hello anyway especially as she is celebrating a very special personal birthday (not naming any numbers here but read on for some clues!) and as she nears her 21st work birthday.
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HB Accountants is the trading name of HBAS Limited, a company registered in England with registration number 5085258. The registered office of HBAS Limited is Plumpton House, Plumpton Road, Hoddesdon, Hertfordshire EN11 0LB, England. Registered for VAT number 866062806.