If you run a business, or are an investor or a trustee, it is important that you are aware of important dates and deadlines. Failure to do so can result in HMRC issuing penalties for late payment. Normally, late filing penalties are applied to all returns due on but filed after the 31 January deadline. This year, like last year, HMRC are waiving late filing penalties for Self-Assessment taxpayers for a month, giving you extra time, if you need it, to complete your 2020/21 tax return and pay any tax due. Self Assessment late payment penalties waived – more information below.
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 readingHow networking will boost your growth
The old adage ‘it’s not what you know, it’s who you know’ is more relevant today than ever. People do business with people they know, like and trust and for a business to grow, it’s team and management need to meet and build relationships. A fantastic way to do this is by networking: be this in person or virtually. Not only can you build those all-important business connections, you can also learn a tremendous amount by listening to different experiences and insights.
Continue readingMeet Keith Grover – Director, Ferrari enthusiast and HB stalwart
For the past 35 years, Keith Grover has worked at the heart of HB Accountants, he is our Audit and Accounts Hero and has seen many changes over the years. He first joined us back in 1986, there was one DOS-based computer for use by the whole office (if you don’t remember DOS-based computers, Google it, it means you are young). No mobile phones and two thirds of the office was male and the women usually worked as secretaries, thankfully things have changed. Fast forward to today when over half the office is female and we’re moving to fully digitised taxation and accounting systems. The one thing that remains, as Keith explains, is that clients still expect the same dedication and thorough understanding of their business. It’s this personal touch that sets HB apart.
Corporation Tax Changes Explained
Corporation tax is a huge source of revenue for the Government. Collected by the Government from the profits of companies operating in the UK and it is changing. (The profits of unincorporated businesses, sole traders and partnerships are subject to income tax as opposed to corporation tax)
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
Continue readingAutumn Budget 2021 – what is anticipated – Green Budget perhaps?
The Autumn Budget (the second budget of the year) will be delivered this Wednesday, 27th October and comes on the same day as the Spending Review which sets out how government will fund public services for the next three years.
Continue readingMeet Karen – Director, Analytical Auditor and Charity Fundraiser
Karen Chase officially joined HB Accountants back in 1998. It was the year when Buffy the Vampire Slayer was all the rage, Titanic won 11 Oscars and a furby was the toy of choice! Karen had already gained an Accountancy and Finance degree but was unsure where she wanted to work – many accountancy firms seemed grey and impersonal. She was attracted to HB because many of our 10-strong audit team were of a similar age and Karen could see that there was both the opportunity to learn more about auditing as well as enjoy a social life.
Continue readingPlanning For Growth
Welcome to our new series of blogs that will help organisations and businesses of all sizes with PLANNING FOR GROWTH.
After the roller coaster 18-months of lockdowns, openings and for some, a reduced customer base, it’s time to refocus our energies on growth. Over the next few months, we will write a number of blogs on this topic. They will be packed full of guidance and tips that will help your business flourish. Featuring ways to streamline your processes, that will prompt you to review your activities, as well as offering invaluable advice.
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