New rules introduced by the EU fifth money laundering directive mean that it is now a legal requirement to register any UK trust deliberately created (express trust), even if there is no tax liability; for example, bare trusts. Have you complied with HMRC’s requirement to register trusts?
Continue readingNeed to know: Proposals for the next Finance Bill
Draft legislation for the Autumn Finance Bill 2022-23 is now available and it includes consultation on changes to capital gains tax, R&D tax relief, pensions and more. Some of the proposals are welcome, however, others may impact your business considerably. Here’s our overview of the main points
Continue readingNew Advisory Fuel Rates
HMRC has announced new advisory fuel rates (AFRs) for company cars. They apply to all journeys on or after 1 June 2022 for company car drivers claiming back fuels costs from their employer.
Continue readingNew optimum salary levels for Directors
Recent National Insurance Contributions (NIC) rate and threshold increases means that our recommended optimum salary level for directors has changed. This article outlines the changes and the suggested salary level for directors.
Continue readingTop Tips For Making The Most of A Careers Fair
Attending a careers fair is a great way to speak to different employers all at the same time and a fantastic opportunity for you, so make sure you prepare and read HB’s Top Tips here
Continue readingSold an Inherited or Second Property? You NEED to file a CGT return within 60 days to HMRC
Capital Gains Tax property disposal return needs to be filed within 60 days of completion of sale of your second property (CGT). If you have sold a second property that is not your main residence (this includes an inherited or gifted property) you must file a CGT UK property return within 60 days of completion (unless the property has made a loss).
Continue readingHB are Celebrating: Hertfordshire Chamber of Commerce Inspiring Herts 2022 Awards Finalists
We are feeling a little bit excited about Hertfordshire Chamber of Commerce’s latest annoucement. HB Accountants are finalists in the Inspiring Herts 2022 Awards!! And we are finalists in not just one category, we are finalists in two Inspiring Herts 2022 Awards categories – a fabulous reason to celebrate!!
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 readingThe Kickstart Scheme Delivery Suprising Bonus for HB Accountants
The ICAEW are highlighting the work HB Accountants in Hoddesdon, Hertfordshire are doing to address diversity within the profession, their apprenticeship program and their Kickstart experience – read more 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
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