For tax purposes, good record keeping is vital. Without complete and accurate records, it will not be possible to provide correct details of taxable income or to benefit from allowable deductions. Aside from the risk of paying more tax than is necessary, landlords who fail to take their record keeping obligations seriously may also find that they are on the receiving end of a penalty from HMRC.
Category Archives: Business Community & Networking
Why HB supports Ambition 2019
Taking place at The Spotlight in Hoddesdon, Hertfordshire this November, the Ambition Conference, is designed to inspire local businesses to grow and excel. HB Accountants has been involved with this initiative from the outset and HB’s Keith Grover will be the Chair of the organising committee for the second consecutive year. We asked Keith why he thinks it’s worth the time, sponsorship and effort that he and the team at HB Accountants put in. Here’s what he said:
“This one-day event is important because it specifically benefits local businesses, local people and local charities. It’s designed to boost the performance of your team, company or group. That’s good for jobs, business performance and the local economy.
HB Accountants are proud to be a Disability Confident Employer
HB Accountants are proud to announce that we are a Disability Confident Employer.
More and more businesses are signing up to Disability Confident every week. What does this mean to you as a business? The scheme helps your business think differently about disability and improve how to attract, recruit and retain disabled workers.
Fifth Ambition Conference – 12th November 2019
The Ambition Conference, which takes place in Hoddesdon, is now in its fifth year. Ambition 2019 is an inspirational event for business owners, directors, sales and marketing professionals.
HB’s Keith Grover is once again the Chairman for the event, having chaired the conference organisation in 2018.
Team HB Accountants is delighted to be amongst the sponsors, supporters and participants this year. It will be a fantastic day, so save the date.
Is it Time to Get Better Connected? Dates for networking in Hoddesdon, Ware and Hertford
Is it time to get better connected? There are many opportunities to make new business contacts, swap tips and get advice at networking events in Hoddesdon, Ware and Hertford HB Accountants organise the monthly Hoddesdon Networking Breakfast and the quarterly Ladies Business Lunch and newcomers are always made to feel welcome. We also take part in networking events run by other local groups. Why not join us at an HB event or local networking group?
Business inspiration – World Simplicity Day
There’s no doubt that our modern, complex and digitally connected world can be a stressful place to do business. But did you know that Friday 12 July is World Simplicity Day? The team at HB challenge you to take the opportunity to makes small changes that will have a big impact. For example, consider what life might be like if you created space in your working week when you didn’t have to react to phone calls, employee questions and supplier issues, and instead had the scope to think creatively about future plans. Or consider what you might achieve if you could step away from time-consuming tasks like payroll, tax returns and annual accounts and make space in your life for more business development or personal enjoyment.
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.
Gain Strength from Business Connections in 2019
These days everyone recognises the value of effective business networking and HB Accountants take an active role in helping to make introductions within the business community. Here are details of upcoming dates for events in Hoddesdon, Ware and Hertford which we regularly host or attend. Please take the opportunity to join us and raise your profile amongst local business people.
Ambition Conference 2018
Held at The Spotlight in Hoddesdon the recent Ambition Conference provided plenty of inspiration and marketing insights.
As part of our commitment to local business growth, our own Keith Grover chaired the organisation committee and we were glad to be a sponsor of the event and meet up with many business people on the day.
Benefits of using a local accountant
When you’re looking for a new accountant, there are a number of business benefits to choosing a local firm. We have many clients in and around our Hoddesdon office, which helps us form great relationships with them.
Here are our top reasons why you need to look for a local accountant:
Research – If you are thinking about hiring a local accountant, you can ask your contacts for recommendations and testimonials. Even if they don’t use the firm you’re asking about, they will probably have heard something about them from their contacts, giving you a better idea of their reputation.
Building better relationships – By using a local accountant, it is almost certain that you’ll build up a better relationship with them than you could with a firm a long way away. You’re more likely to bump into them outside the workplace and this kind of familiarity will help your professional relationship. It is also easier to meet face-to-face which is always more personable, and if any matters arise that you need to consult them about, you can easily go to their office to discuss things in depth.
Networking – If you enjoy networking, you’ll get to know people from your accountancy firm at some point, enabling you to build a personal relationship and find out more about each other’s businesses outside of formal meetings. These can also be helpful in terms of referrals. We organise our own networking meetings for companies in Hoddesdon and the surrounding areas, and are often able to put clients in touch with each other, or our networking contacts, which benefits both businesses.
Charities – Another aspect of networking is getting involved with charitable events and fundraising, which is something the majority of companies do. Supporting events organised by your accountancy firm, or asking them to support your events, can be a further boost to building a good relationship with them.
Local economy – By using local suppliers, you’ll be helping to keep the money circulating in the local economy, which is a boost in terms of jobs and prosperity for all the businesses in the area.
If you are looking for a Hoddesdon accountant, contact us to arrange an appointment or talk to us at one of our local networking events.
