Cyberattacks – why FDs and CIOs need to collaborate

The growing threat of cyberattacks remains for all UK businesses. It could result in Cyber Vandalism – such as the publication of a fake terror attack at UK stations thanks to an admin error that impacted National Rail, fake voices and images – known as a deepfake attack – scammed the British design firm Arup out of $25m (£19m) or a ransomware attack on payroll data at the Ministry of Defence. Incidentally, as well as data, ransomware gangs stole more than $1bn last year, according to US blockchain analysis firm Chainalysis. 

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Why and How to Verify Your Identity with Companies House – A Must for Company Directors and PSCs

From 2024 onwards, Companies House has introduced important changes as part of the Economic Crime and Corporate Transparency Act. One of the biggest changes is the requirement for certain individuals to verify their identity to obtain a VIN number. This key step is to improve corporate transparency and tackle economic crime in the UK.

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3 reasons why a local accountant is better for your business

You may not know that local accountants HB Accountants, based in Hoddesdon in Hertfordshire and on the Essex border, was originally a London accountancy practice. We moved out to this lovely market town over 40 years ago and are so happy that some of our original London-based businesses are still our clients.

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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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Transforming lives through education

You all know that HB is passionate about education and skills training – and our many awards showcase our commitment. We are currently supporting Zambian-student Gertrude, to complete her financial training. We do this through the reputable and impactful African Impact Foundation. Investing in education is a sustainable way for us to ‘give back’ and help people, and we’re pleased to extend to Africa just part of the training and support that we offer in Hertfordshire through apprenticeships, work experience and career guidance. 

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