Did you know that a fully monitored CCTV camera system was recently installed in our wonderful Hoddesdon town centre? A joint project from the team behind the Hoddesdon BID Board Love Hoddesdon and Broxbourne Council now sees a total of 12 cameras covering most of the town centre area, which are monitored on a 24/7 basis, 365 days per year.
Continue readingTax-Saving Strategies to Implement before 5 April Year End
Businesses and Individuals should always plan ahead to minimise their tax bill – with the end of the 2020/21 tax year fast approaching, this year more than ever (with the Covid19 pandemic impacting on not only our mental health but our financial health too), begs the question, have you thought about what strategies you can implement into your financial plan to ensure it is as tax-efficient as possible?
Continue readingVAT Deferral New Payment Scheme
To support businesses during the COVID-19 crisis, the Government announced on 20 March 2020 that VAT payments would be deferred for a three month period.
Continue readingIf you haven’t claimed the third SEISS grant, the deadline for applications is fast approaching
Gov.UK have confirmed a fourth SEISS grant, which will run from February 2021 to April 2021, will be available for self-employed workers. Unfortunately, the Government is yet to provide further details about who can claim and how much help you can get under the fourth grant.
Continue reading#WeAreNext: Supporting our Hoddesdon Community – Your Town is close to our heart
Why HB Accountants are are proud to sponsor Your Town and are keen to spread the word about Your Town’s latest campaign #WeAreNext… the seed for Your Town was planted when Founder, Mark White, sent himself an email in 2011 with an idea for a running event that started and finished in his home town, and ours, of Hoddesdon, EN11 Hertfordshire.
Continue readingThe Government have extended the £1 million AIA tax break to stimulate investment in UK manufacturing – are you making use of your annual investment allowance?
Does you business deal with Plant & Machinery? If yes are you making use of your annual investment allowance?
If your business deals with plant and machinery, you might be entitled to use your Annual Investment Allowance (AIA). You could claim up to 100% tax relief on any qualifying plant and machinery assets in the first year of purchase, that are bought outright – not leased. The criteria for these assets are quite rigorous, and exclude cars, but it’s worthwhile checking with your accountant to see if your business qualifies.
Continue readingNo late filing penalty if your tax return is filed online by 28 February 2021
HMRC to waive self assessment penalties for one month – HMRC Chief Executive Jim Harra has announced today that If you do not manage to file your Self Assessment tax return online by 31 January you will NOT receive a penalty as long a you file your tax return online by 28 February.
Continue readingTurning 100 – it’s our centenary and it’s time to celebrate
1921 – the year that the Duke of Edinburgh was born, tax discs were introduced for cars, and it was the first time that a ‘woman was sawn in half’ in public as part of a magic show.
…and of course, the one and only HB Accountants was founded.
Continue readingConfused about the COVID19 support grants available to you? Check out what is available, if you are eligible and how to apply here
This guide will help you understand the full range of business support measures that have been made available by the Government to help you and your business financially during Covid19. Plus find out how to access the support measures that have been made available (who is eligible) and how to apply.
Continue readingDirectors – do you know the most tax efficient way to pay yourself?
As a director of a limited company, you are probably keen to know the most tax efficient way to take money from the company personally. This is usually by taking a combination of salary and dividends from the limited company. The salary is paid in the same way you’d pay a regular employee and needs to be reported via the HMRC’s Real Time Information (RTI) rules.
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