Against a backdrop of rising inflation, Chancellor Rishi Sunak presented his first Spring Statement on Wednesday 23rd March 2022 – find out what that means to you and your business here in our HB Accountants Spring Statement 2022 highlights
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John Neighbour is retiring after 45 years with HB Accountants
A letter from our former Tax Director, now Tax Consultant,
Mr John Neighbour
I joined HB in September 1976 from Thomson McLintock (now part of KPMG) in order to set up a tax department. At that time, we were based in London at Coventry House near Liverpool Street Station. 45 years & 4 office moves later, we are now based at Plumpton House in Hoddesdon. Over the past few years, I have been winding down my time commitments & at present I am typically working about two days per week. At the same time my tax manager, Amy Thompson, has been taking on more responsibility.
Continue readingThe tax implications for individuals who own, sell or trade cryptocurrencies
In 2009 there was one single cryptoasset called Bitcoin. Today, there are multiple cryptoassets – also known as cryptocurrencies These are digital assets, not physical ones.
Continue readingAutumn Budget 2021 – what is anticipated – Green Budget perhaps?
The Autumn Budget (the second budget of the year) will be delivered this Wednesday, 27th October and comes on the same day as the Spending Review which sets out how government will fund public services for the next three years.
Continue readingMeet Karen – Director, Analytical Auditor and Charity Fundraiser
Karen Chase officially joined HB Accountants back in 1998. It was the year when Buffy the Vampire Slayer was all the rage, Titanic won 11 Oscars and a furby was the toy of choice! Karen had already gained an Accountancy and Finance degree but was unsure where she wanted to work – many accountancy firms seemed grey and impersonal. She was attracted to HB because many of our 10-strong audit team were of a similar age and Karen could see that there was both the opportunity to learn more about auditing as well as enjoy a social life.
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 readingAct Now! Super-deduction – a very attractive £25m tax break on capex investment
Super-deduction, a new capital investment allowance, has been introduced to boost business investment and help economic recovery. It is a great incentive to encourage businesses to invest in plant and machinery and there are very few exclusions on what can be purchased. Available for two years from April 2021, the 130% capital allowance deduction will deliver 25p off company tax bills for every £1 of qualifying spend.
Continue readingWould you choose a Carbon Positive Accountant?
Would it make you feel great knowing that your accountant is actively striving to minimize their impact on the environment and by choosing to partner with them would help the planet just a tiny bit more by a tree being planted?
Continue readingUK Tax Rates for 2021/2022
HB Accountants have produced a Tax Card which summarises many of the rates and allowances fundamental to your business and personal lives. It’s a great point of reference throughout the coming tax year and contains lots of information on personal, business, employment, property and capital taxes, including any changes.
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