Key differences between operating as a Sole Trader versus a Limited Company

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.

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How to prepare for a great audit

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.

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Solving a Finance Director’s Worst Nightmares: Strategies to mitigate or prevent them from occurring

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.

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Meet HB Accountants’ Director Catherine Hill: and wish her a happy birthday!

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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Tax and Business Vehicles

Cars and vans. Diesel, petrol or zero-emission vehicles. To lease or purchase: Every decision about acquiring a business vehicle and how it is then used will have an impact on your tax bill.  Here is a short overview of the current legislation but be aware, there are planned changes from April 2025, especially for electric cars, so it is important to keep abreast of what may be changing and plan accordingly.

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Hey, We’re Hiring! Train to become an Accountant with HB Accountants: Accounts Apprenticeship position

If you would like to avoid university fees and are considering an alternative route to further your education, an apprenticeship is a great solution. We are hiring and have an opening for a trainee accountant apprentice.

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