This month we are excited and delighted to be celebrating Karen’s 25 year anniversary at HB Accountants. Karen joined us on 13th May back in 1996 (the very same year that five bundles of trouble called The Spice Girls* were unleashed, Changing Rooms turned us into DIY lunatics and Take That decided to split**).
Continue readingCategory Archives: Management Accounts
Would 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 readingWhat happens when you change accountants?
Many businesses and individuals change accountants. Maybe your needs have changed as you’ve grown and you want to work with an accountant offering multiple services. Or maybe working with an accountant based nearer to your offices will give you the benefit of a more personal service? Whatever the reason, once you know what you need, you can begin the search for a new partner. But what happens when you find the accountancy practice that’s right for you? And what do you do next? Here’s the answer.
Continue readingREBUILD OR RETREAT: 5 STEPS TO A STRONGER BUSINESS
Your business has survived ‘lockdown’ and restrictions are starting to ease. But what next? The most challenging times for businesses still lay ahead. Action Coach Yiannis Yianni is keen to spread his message that “those businesses that try to carry on as they were before may, sadly, not survive” – he has a plan.
Continue readingCOVID19: The Bounce Back Loan and the Power of Protection
The Bounce Back Loan is designed to inject much needed cashflow to businesses to get the cogs of the economy moving again. If your limited company cannot bounce back, and has to close down, what happens? Well, usually bank borrowing is underpinned by a director’s personal guarantee which results in you having to repay the debt, when you’ve just lost your income. Ouch!
Continue readingHB Accountants – how to choose an accountant and tax specialist
Quite often we hear “I am a business owner but my company finances are not the first thing I think about when I get out of bed in the morning!” We get this! That’s why we’re here!
Continue readingCOVID19: Disincorporation – what you need to know before dissolving your limited company
The ongoing lockdown may be the catalyst for many limited company owners to change their business model in order to survive or to create a simpler way of working. One option is to disincorporate – in other words, dissolve the limited company and, if the business is still viable, operate as a sole trader instead.
Continue readingThis is the time to take a Business MOT
We’re part way through the Covid19 lockdown. Easter is over and at the time of writing, we do not know exactly when quarantine will be eased. As the days stretch before us business owners, who may or may not be currently trading, there is time for many to give your company a MOT: to get prepared for the future, whatever this may bring.
Continue readingAccounts tools: Aged debtors report
Does your business make use of an Aged Debtors Report? All businesses compile annual accounts as part of their statutory duties. Many also use management accounting tools to improve their business performance, especially if they are mid-sized businesses. This type of financial report is often completed each month and sheds light on the effectiveness of current business strategies. Here we put one such tool, the Aged Debtors Report, into the spotlight.
Continue readingWe already have Annual Accounts, why do we need Management Accounts?
Annual Accounts are very familiar to business people. Every year statutory reports which comply to specific accounting standards must be filed with HMRC and Companies House. But what about Management Accounts? There is no legal obligation to generate them. Why then, do so many organisations depend on Management Accounts in running their operations and could you be benefitting from them too?
