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.
We’re thrilled to announce that the HB Accountants Work Experience Programme has officially launched giving local students the opportunity to rotate through five different businesses over their week experiencing the workplace.
Sponsoring a university student in Zambia via the charity African Impact Foundation, has been an eye-opening experience for the HB team. Gertrude is studying for her Bachelor of Business Administration in Accounting and Finance at Chalimbana University in Zambia. She took time away from her studies to join a conference call with us and the charity team to tell us more about her studies and her life.
The registration system used by Companies House is changing in 2025 due to the Economic Crime and Corporate Transparency Act. The changes are designed to prevent fraud and ensure that businesses are more transparent. If you are a director of a UK company, a person with significant control (PSC) or a member of a LLP, this will impact you. This is what you need to know.
You may not know that local accountants HB Accountants, based in Hoddesdon in Hertfordshire and on the Essex border, was originally a London accountancy practice. We moved out to this lovely market town over 40 years ago and are so happy that some of our original London-based businesses are still our clients.
A defibrillator recently saved the life of a family member. This is why we are fundraising for a defibrillator outside our offices at Rye House. Will you help?
A critical part of running a small business is managing your accounting. Not only do you need to manage the bookkeeping – the recording and organising of your financial data such as invoicing, expenses, payments and payroll – you also need to manage your accounts – the presentation and interpretation of that financial data including preparing tax returns, generating reports and forecasts, and auditing. So, which is the best way to record your financial information if you’re a SME? Should small businesses use simple spreadsheet accounting or invest in an accounting software package?
With a renewed focus on reducing carbon emissions and greenhouse gases to help mitigate some of the damage we are doing to our planet, the Government has committed to a legally binding target of net zero emissions by 2050.
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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.