Chancellor Rishi Sunak has unveiled his summer economic update in a bid to mitigate the impact of the Covid19 pandemic, with the aim of boosting job creation through a government ‘plan for jobs’ and encouraging consumer spending
Continue readingAuthor Archives: Karen Chase
COVID19: VAT deferral for UK Businesses
VAT deferral for UK Businesses: If you are a UK VAT registered business and have a VAT payment due between 20 March 2020 and 30 June 2020, you have the option to:
- defer the payment until a later date
- pay the VAT due as normal
COVID19: Immediate 3-month filing extension for company accounts
If your company accounts will be late because of the impact of Covid-19 you can take advantage of the immediate 3-month filing extension for company accounts.
However, you MUST apply before your filing deadline.
Continue readingCOVID19: Business as usual, but from a super safe distance
Letter from the Directors, Karen, Keith & John
Following the unfolding events of COVID19 over the past two weeks, we want to reassure our clients that, albeit we are facing uncertain times, HB Accountants is still very much open for business and Team HB are prepared for any disruption that may occur.
Continue readingWhy Do Auditors Invoke Fear?
Auditors… Does this conjure up an image of an impersonal, fearful, detail-obsessed tyrant desperate to find errors in your accounts? I completely understand why the thought of an audit would fill you with dread, but this blog shares how to have the same positive audit experience that our clients enjoy and one that will ultimately help and support your business.
Continue readingWhy should you put your trust in an audit?
Around one in four small businesses believe that having their company’s annual accounts audited should be mandatory versus around half who disagree. In general, the larger the organisation and the more it wants to grow, the more likely it is to believe that annual accounts being audited should be mandatory, according to the recent study into small and medium sized businesses by the accountancy body, ICAEW.
My top accounting tips for Hoddesdon businesses
1. Make use of technology
Today, businesses have a myriad of resources available to make managing accountancy records convenient and simple. I’d urge businesses to make the most of cloud computing and automation. This is especially valuable now that the Government’s requirement for Making Tax Digital is a reality for the majority of businesses, and flexible working rights have all increased the demand for secure, flexible ‘on-the-move’ cloud-computing solutions.
Happy 50th birthday Jane!
Reply
Jane Dunn at HB Accountants celebrates her 50th birthday in May. Jane is our Payroll Manager responsible for ensuring each organisation’s payroll runs accurately and smoothly. The team hope she has a wonderful time celebrating with family and friends. We’ll be marking the occasion with a special birthday lunch this month.
Five steps to ensure a smooth audit at year end
To ensure a smooth audit, ideally you should prepare for it during the year. By keeping on top of your finances throughout the year you’ll be well organised when you need to file your corporate tax returns with HM Revenue & Customs and provide audited annual accounts to Companies House at year end. So, who has to have an audit and what steps can you take to make your auditing process run smoothly, with minimal disruption to your day-to-day activities?
Keith Grover celebrates his 60th
The 1st of December is the date when many people decorate their homes with festive decorations, in readiness for Christmas. At HB Accountants it’s a special day for another reason. Our very own Keith Grover turns 60.
Congratulations & Happy 60th Keith!
We’d like to wish him well. To prepare Keith for this milestone birthday we took him out for a special lunchtime celebration a few days ago to mark the occasion. 
60 years ago…
“It’s only make believe” was in the UK charts on this day 60 years ago with singer Conway Twitty; this track has since been covered by the likes of The Hollies and Fiona Apple.
Harold Macmillan was the Prime Minister and held this office from 1957 to 1963.
Musicians Jools Holland, singer Kate Bush and Duran Duran’s lead singer Simon Le Bon were born the same year as Keith, as were 5Live radio presenter Simon Mayo and Wallace and Gromit animator Nick Park.
