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.

Continue reading

Cost of doing business survival tips for SMEs and sole traders

We know that it’s tough for small businesses and sole traders right now, and it’s more important than ever for businesses to access the advice and support they need. Whilst every business is different, we recognise that there are actions that every business can take to help mitigate the cost of doing business.

Continue reading

Solving a Finance Director’s Worst Nightmare: Falling foul of the financial regulator

Unintentionally making an error that is picked up by the financial regulator or other authorities can damage a business, damage a Financial Director’s reputation and is likely to be costly. Find out the most common major regulatory breaches and our top tips to help keep your business compliant

Continue reading

Most tax effective director’s salary and dividends for 2025-2026

You may wish to change how you pay a director’s salary and dividends due to the changes to Employer’s National Insurance Contributions (NICs) announced in the October budget. NICs are not payable on dividends so despite salaries being tax deductible, the optimum balance between paying a salary and a dividend may have shifted – depending on how many directors are in your business. If you are a director or shareholders of a small, limited company, read on to find out more.

Continue reading

Self-Employed or a Landlord? Big Changes Ahead: Are You Ready for Making Tax Digital for Income Tax? (MTD ITSA)

From 6 April 2026, Making Tax Digital for Income Tax (MTD ITSA) will transform the way self-employed individuals and landlords manage their tax affairs. If you earn income through self-employment or property rentals, you’ll need to keep digital records and submit updates to HMRC every quarter. While payment deadlines remain the same, the shift to more frequent reporting means you’ll need to stay on top of your bookkeeping because the way you report your earnings is changing – are you prepared?

Continue reading

Celebrating T Level Thursday: The Value of T Level Placements

This National Apprenticeship Week 2025, we’re celebrating T Level Thursday by shining a light on the incredible value that T Level placements bring to businesses, just ask Alice, our fantastic T Level student! At HB Accountants, we are passionate about nurturing the next generation of professionals, and Alice’s journey with us perfectly showcases why T Level placements are a win-win for both students and businesses.

Continue reading

Why Snakes Are Great Accountants!

We haven’t gone crazy! The snake is one of the animals in the 12-year cycle of the Chinese zodiac signs. The new Chinese lunar year is the start of the Year of the Snake in 2025 so we thought it would be fun to apply the stated behaviours of someone born in a snake year and think about why a snake would be a great accountant!

Continue reading

Meet New Business Connections: Attend HB Accountants Ladies Business Networking in Hoddesdon

If you are ready to increase your business visibility, connect with like-minded professionals, or simply meet with the local business community, this event is for you! Don’t miss out on this fantastic opportunity to grow your business network. Make 2025 the year you level up, sign up today and be part of a thriving community of wonderful businesswomen!

Continue reading