From 6th April 2025, HMRC’s definition of a double cab pick up (DCPU) is changing. From this date, most double cab pickups are likely to be classed as cars rather than vans. This is what you need to know.
You may wish to change how you pay a director’s salary and dividends due to the changes to Employer’s National Insurance Contributions (NICs) announced in the October budget. NICs are not payable on dividends so despite salaries being tax deductible, the optimum balance between paying a salary and a dividend may have shifted – depending on how many directors are in your business. If you are a director or shareholders of a small, limited company, read on to find out more.
From 6 April 2026, Making Tax Digital for Income Tax (MTD ITSA) will transform the way self-employed individuals and landlords manage their tax affairs. If you earn income through self-employment or property rentals, you’ll need to keep digital records and submit updates to HMRC every quarter. While payment deadlines remain the same, the shift to more frequent reporting means you’ll need to stay on top of your bookkeeping because the way you report your earnings is changing – are you prepared?
This National Apprenticeship Week 2025, we’re celebrating T Level Thursday by shining a light on the incredible value that T Level placements bring to businesses, just ask Alice, our fantastic T Level student! At HB Accountants, we are passionate about nurturing the next generation of professionals, and Alice’s journey with us perfectly showcases why T Level placements are a win-win for both students and businesses.
As you know, Hertfordshire based HB Accountants is passionate about apprenticeships. We have won local and regional awards for our bespoke accountancy apprenticeship programme, 42% of our team are apprentices or former apprentices, and we often give talks in schools, colleges and to businesses about the benefits of apprentices. We also sponsor a trainee accountant in Zambia with her tertiary studies. Needless to say, we are very excited that National Apprenticeship week is nearly upon us as it delivers a great opportunity to share our latest apprentice news and encourage you to also consider how an apprentice will benefit your business.
We haven’t gone crazy! The snake is one of the animals in the 12-year cycle of the Chinese zodiac signs. The new Chinese lunar year is the start of the Year of the Snake in 2025 so we thought it would be fun to apply the stated behaviours of someone born in a snake year and think about why a snake would be a great accountant!
You all know that HB is passionate about education and skills training – and our many awards showcase our commitment. We are currently supporting Zambian-student Gertrude, to complete her financial training. We do this through the reputable and impactful African Impact Foundation. Investing in education is a sustainable way for us to ‘give back’ and help people, and we’re pleased to extend to Africa just part of the training and support that we offer in Hertfordshire through apprenticeships, work experience and career guidance.
If you are ready to increase your business visibility, connect with like-minded professionals, or simply meet with the local business community, this event is for you! Don’t miss out on this fantastic opportunity to grow your business network. Make 2025 the year you level up, sign up today and be part of a thriving community of wonderful businesswomen!
While it is incredibly tempting to wind down in the days leading up to Christmas and take it easy between Christmas and the New Year celebrations, it really is the perfect time to ensure that your accounts are in tip top shape.
As the self-assessment tax return deadline looms, freelancers, sole traders, and ‘solopreneurs’ across the UK are bracing themselves for what can feel like one of the most daunting tasks of the year. If you’re already feeling the pressure, you’re certainly not alone.
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