UK Chancellor, Jeremy Hunt has delivered his Autumn Statement and stated UK “is now in recession”. The Treasury’s intention is to bring stability, protect growth in the economy and to continue to support public services.
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Jeremy Hunt’s Budget U Turn Update
Liz Truss’ economic agenda has been deconstructed by new chancellor Jeremy Hunt in a bid to bring stability to the financial markets following the market’s reaction caused by the Mini-Budget. Here is our outline of the current position
Continue reading2022 Mini Budget Update: Our Summary
The strong theme of the new Chancellor, Kwasi Kwarteng’s first budget has been the stimulation of growth. The mini-budget 2022 (not so mini) is designed to boost economic growth through tax cuts, which will be paid for by increasing the UK’s national debt.
UPDATE 3 October: *since the mini budget on Friday 23rd September, the government have made a U turn on abolishing the 45% high rate of income tax
Continue readingWhat does the start of the new Tax Year mean for you?
Unlike the usual calendar year, the Tax Year 2022/23 starts today 6th April 2022. 5th April 2023 will be the last date of the Tax year – check out the latest tax rates and what this means for you and your business here
Continue readingSpring Statement 2022
Against a backdrop of rising inflation, Chancellor Rishi Sunak presented his first Spring Statement on Wednesday 23rd March 2022 – find out what that means to you and your business here in our HB Accountants Spring Statement 2022 highlights
Continue readingJohn Neighbour is retiring after 45 years with HB Accountants
A letter from our former Tax Director, now Tax Consultant,
Mr John Neighbour
I joined HB in September 1976 from Thomson McLintock (now part of KPMG) in order to set up a tax department. At that time, we were based in London at Coventry House near Liverpool Street Station. 45 years & 4 office moves later, we are now based at Plumpton House in Hoddesdon. Over the past few years, I have been winding down my time commitments & at present I am typically working about two days per week. At the same time my tax manager, Amy Thompson, has been taking on more responsibility.
Continue readingWe love the Apprenticeship Scheme!
We’re big fans of the apprenticeship scheme. A number of young people have now started their careers at HB this way, either as trainee accountants. Last September, we employed two new trainee accountants, Max and Taylor, on our apprenticeship scheme. This is what they told us about their first few weeks with HB.
Continue readingJust announced: Additional financial support will be available for businesses who have been impacted by the Omicron variant
Rishi Sunak has announced that £1 billion of additional support will be available for businesses most affected by Omicron across the UK with businesses in the hospitality and leisure sectors in England eligible for one-off grants of up to £6,000 per premises. Plus more discretionary funding will be made available for local authorities to support other businesses
What additional financial support is being made available?
Continue readingThe Kickstart Scheme has been extended!
The Kickstart Scheme extension gives employers until 17th December 2021 to submit the Kickstart Grant application, and recruitment activities upto to 31st March 2022
Continue readingHow does the Autumn Budget 2021 impact on you and your business? Find out here
The Chancellor Rishi Sunak presented his third Budget on 27 October 2021. In his speech he set out the plans to “build back better” with ambitions to level up and reduce regional inequality. Find out how the Budget impacts on you and your business below
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