HMRC has published the latest Advisory Fuel Rates (AFRs) which apply from 1 June 2025. AFRs are the official rates used when reimbursing employees for business mileage in company cars. They’re reviewed every quarter (February, May, August and November) and adjusted in line with fuel prices.
An audit may be a legal requirement for your business but a well managed audit can also boost your business growth and ensure that it is operating in the best way possible.
Are you looking for clarity over the future direction of your business? Do you want to know the actions you should take in order to grow your business? Then consider taking time to create a budget for your business.
SME owners and managers – are you part of the one in five small and medium-size enterprise managers that work on average an additional 3 hours a day on a regular basis? Or one of the 33% that claim that there just aren’t enough minutes in a day to get everything completed? (The Independent study 2023)
As the new academic year unfolds in Zambia, we are delighted to share an update about our sponsored student, Getrude. Currently in her second year at Chalimbana University, Gertrude is studying Business Administration in Accounting and Finance.
From April 2027, Benefits in Kind (BIK) payments will need to be paid and recorded via payroll each month. Businesses need to prepare for this change.
Self employed and want to buy a house? It is possible to get a mortgage when you’re self-employed and most lenders are quite supportive and should offer the same rates as someone in a permanent full time job. However, as you do not have an employer to confirm your income, you will need evidence that you have a stable income and you may be offered more expensive rates by some lenders. Here’s an overview of what you need to know.
A potentially life-saving public access defibrillator has been installed in the Rye House area of Hoddesdon, made possible by local business HB Accountants, in partnership with local charity, Hearts for Herts, and a generous donation from Plumpton House landlord Clive Martin. HB Accountants’ fundraising had personal inspiration driving their mission.
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.
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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HB Accountants is the trading name of HBAS Limited, a company registered in England with registration number 5085258. The registered office of HBAS Limited is Plumpton House, Plumpton Road, Hoddesdon, Hertfordshire EN11 0LB, England. Registered for VAT number 866062806.