On 22 November 2023, Jeremy Hunt delivered the ‘Autumn Statement for Growth’. The Chancellor is keen to stimulate economic growth and highlighted 110 measures for businesses. In addition, there were significant statements relating to National Insurance changes and also the reform of work-related state benefits.
Benefits-in-kind can feel like a minefield for business owners. In this blog we will tell you what you need to know, what you need to do, and show that it is possible to reward your team for doing a brilliant job without being taxed for it!
Proud to share that HB Website hosting is certified green. HB are long-time supporters of doing all we can to reduce our burden on our planet – shifting our working practices and encouraging our team to do the same. We drive electric company cars, have plants in our office, have eliminated single use plastics, and consider our supply chain to ensure we make the greenest decisions possible. Now our website hosting is green too and it’s why we can now show the Green Web Check logo, which confirms that our website runs on green electricity.
From the 2023/2024 tax year onwards, the self assessment threshold for taxpayers will rise to £150,000 as long as your only income is via PAYE. This means that you only need to submit a self assessment tax return if your income exceeds £150,000 or you receive income from sources. Other sources of income include but are not limited to self employment income over £1000, dividends, high income child benefit, or rental income.
I’m delighted to introduce you to Sophie, the latest addition to our HB Accountants team. Sophie has joined Team HB as a Business Administration apprentice. It’s been only two days, but Sophie’s enthusiasm and positive vibes are already making an impact
HB Accountants are proud to introduce you to our newest member of Team HB, meet Cameron. Cameron decided that learning whilst gaining valuable experience and making connections along the way, was the path he wanted to take following on from his A Levels. He spotted our apprenticeship on the Government Website and after a successful interview, he officially joined our team, and his first week was nothing short of amazing (our words not his)
Accountants play a vital role in preventing serious crimes like human trafficking by being watchful and reporting suspicious financial activities. HB Accountants are serious about this responsibility. Strengthening our team and building a vigilant workforce is paramount. Continuous Professional Development (CPD) is a mandatory part of our commitment to professional ethics. We ensure our team stays well-informed by using resources such as the ICAEW‘s AML educational drama, “All Too Familiar.”
In the world of accounting, having a robust Anti-Money Laundering (AML) compliance system is crucial. You may not link accounting to AML checks, but accountants play a crucial role in safeguarding the UK’s financial system
Charity trustees, also known as board or committee members, are the people who lead the charity and decide how it is run. Being a trustee means making decisions that will impact people’s lives. You can read more about the work of a trustee here. With over 400,000 charities registered in the UK needing trustees to oversee their work and finances, it really is a great way to ‘give back’ to our communities.
Finance directors of growth businesses, like you, are constantly faced with the challenge of steering the financial ship toward greater prosperity. To help you navigate this dynamic journey, let’s delve into how partnering with the right accountant, can be a game-changer for your role and your business’s success.