If you need to get in touch with HMRC, here are all the numbers you need – albeit HMRC have closed their Self Assessment helpline, to the public, until September 2023… but thankfully Accountants & Tax Agents still have acess to an Agent Line and all other HMRC helplines are open
Matt joined us 12 months ago on a Level 3 Business Administration Apprenticeship after realising that sixth form was not the best option for him. Aware of the opportunities than an apprenticeship offers including the chance to make connections whilst learning new skills, he decided to join HB.
HB Accountants are delighted to bring you HB’s professional networking lunches for Hertfordshire and Essex business women. Look out for our next 2 course networking lunch. We choose different venues accross Hertfordshire and Essex and welcome newcomers – if you would like more details click here
You all know that fundraising is part of HB’s DNA. This month, we are supporting our wonderful Vicki with fundraising for the The Addie Brady Foundation. Michelle Brady is a friend of Vicki’s. Sadly, she lost her daughter, Addie, to a brain tumour a few years ago. Addie would now be 21 years old, so Michelle, Vicki, and a group of friends, are organising 21 events to mark her birthday and raise £21,000.
Continue readingThe government have just extended the deadline for payment for buying back contribution years for state pension from 5 April to 31 July 2023 – taxpayers have extra time to make voluntary national insurance (NI) contributions going back to April 2006. The government has announced that contributions made in this window will be at the 2022/23 voluntary NI rates.
Many businesses have vacancies for new staff at the moment but filling the roles is not as straight forward as simply finding a person. Businesses need to employ people with skills: the right skills for a particular industry or business task. Many industries are facing a skills shortage so the spotlight is now on understanding which specific skills local Broxbourne businesses need so that any gaps may be highlighted. This will allow local education organisations to provide the right courses to young people and local residents with the ultimate aim of opening up future employment opportunities.
The UK’s main rate of corporation tax will increase from 19% to 25% with effect from 1 April 2023. Not every company will pay at this rate. A small profits rate of 19% will be introduced for companies with annual chargeable profits of £50,000 or less, with a tapered tax band for those with profits between £50,000 and £250,000.
Update: Deadline for voluntary National Insurance contributions extended to April 2025 to check your National Insurance record to enable you to fill in any gaps in your NI contributions. Anyone with a shortfall in their record has until April 2025 to buy back their missed years to qualify for a full state pension
When you have a personal tax liability to HMRC, you are required to pay it by the due date specified by HMRC. If you fail to pay your tax liability on time, HMRC will charge you interest on the amount owed until it is paid
Energy costs are a huge concern for many businesses. With further price rises looming, it is a great time for businesses to reassess expenditure, including energy costs, and put mitigations in place to help.
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