Your personal affairs, your family and business affairs, and your plans for the long term, need to be arranged as tax efficiently as possible. The period before the end of the tax year, on 5 April 2023, is the BEST time to do this. Make sure to check out our year end-tax planning guide 2022-23 – a must read, right now, to maximise the opportunities available
Continue readingAuthor Archives: Karen Chase
Updated Advisory Fuel Rates (AFR) from HMRC
Changes have been made by HMRC to the advisory fuel rates (AFRs) for all journeys on or after 1 December 2022 for company car drivers claiming back fuel costs from their employer
Continue readingMeet Vicki – Team HB Accountants’ social media and office queen
You probably know Vicki. She is Team HB Accountants’ Office and Marketing Manager: the bubbly voice at the end of the phone and the one who organises all our wonderful events, whilst keeping in regular contact with our clients, partners and friends on social media and in person. But how many of you know that she passed her stock broking exams, having divided her time between an Equity and a Eurobond trading floor in the City and was an entrepreneur in her own right, with vast experience of running her own business?
Continue readingHow does the Autumn Budget 2021 impact on you and your business? Find out here
The Chancellor Rishi Sunak presented his third Budget on 27 October 2021. In his speech he set out the plans to “build back better” with ambitions to level up and reduce regional inequality. Find out how the Budget impacts on you and your business below
Continue readingPlanning For Growth
Welcome to our new series of blogs that will help organisations and businesses of all sizes with PLANNING FOR GROWTH.
After the roller coaster 18-months of lockdowns, openings and for some, a reduced customer base, it’s time to refocus our energies on growth. Over the next few months, we will write a number of blogs on this topic. They will be packed full of guidance and tips that will help your business flourish. Featuring ways to streamline your processes, that will prompt you to review your activities, as well as offering invaluable advice.
Continue readingMaking Tax Digital Income Tax Self Assessment delay announced (MTD ITSA) delayed to 2024
MTD ITSA has been delayed by the government to 6 April 2024 – MTD for general partnerships postponed until to 2025 – the change to the tax year basis has also been delayed until at least April 2024
Another deferral to the MTD programme
Continue readingWhy your business deserves a great audit and how to find a great auditor!
A great audit delivers an objective assessment of your business accounts and your current business circumstances. When your audit gives you peace of mind from knowing your financial reporting is accurate, you have robust internal controls and are aware of and have minimised potential fraud, it’s a great audit.
Continue readingHow going green is good for your business
Turning your business green to become more environmentally-friendly is more than just a positive environmental choice. Customers and employers are deliberately seeking out businesses with ‘greener’ working practices as sustainable living and working grows in importance. We’ve seen a huge increase in the number of social media posts about it, for example, and our recent article about the tax and environmental benefits from driving an electric car was one of the most popular blogs ever. It’s clear that as well as being good for our planet, there are economic benefits of going green.
Continue readingCash is King – Here’s how to generate cash right now
Covid-19 has hit many businesses hard. Many of us are working long hours to keep solvent: others are failing through no fault of their own, whilst a few are flying. The reason is simple: As a nation, we were not spending during lockdown. This means limited or non existent cash flow for impacted businesses.
Continue readingConstruction Industry Reverse Charge Rules New Legislation… are you confused?
Reading through the updated guidance for CIS NEW VAT Reverse Charge Rule for the Construction Industry might leave you confused. Here we have outlined what you need to consider:
If you supply constructions services, the reverse charge will only apply if you answer “Yes” to ALL of the following questions:
Continue reading