Meet Harrison, Our New Trainee Accountant Apprentice

We are delighted to welcome another talented addition to Team HB Accountants, Harrison. He is one of our two new Trainee Accountant Apprentices who have joined HB Accountants this month. Like his fellow apprentice Gavin, Harrison joins us fresh from The Bishops Stortford High School, having recently completed his A Levels.

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5 Common Tax Mistakes Small Businesses Make (And How to Avoid Them)

We have taken a look at the top common tax mistakes made by small businesses. The HB team works with all our clients to ensure that they remain compliant with tax and filing regulations and we are definitely not saying that all small businesses make these errors. However, it’s always worth reminding ourselves what needs to be done and our top tips to avoid making tax mistakes. Here they are, in no particular order:

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Has the Dividend Allowance or Capital Gains Cut Put You in Self-Assessment?

Significant tax changes are coming for 2024-25, with reductions to both the Dividend Allowance and Capital Gains Tax (CGT) annual exempt amount. These changes could impact how you manage your investments and finances, making it important to stay informed and plan ahead. Here’s what you need to know and how to prepare.

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Tax and Business Vehicles

Cars and vans. Diesel, petrol or zero-emission vehicles. To lease or purchase: Every decision about acquiring a business vehicle and how it is then used will have an impact on your tax bill.  Here is a short overview of the current legislation but be aware, there are planned changes from April 2025, especially for electric cars, so it is important to keep abreast of what may be changing and plan accordingly.

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Navigating IR35 Rules: A Guide for Businesses

The IR35 off-payroll working rules have seen significant changes in recent years. Historically, this has impacted public companies but since 2021, this is also an issue for all businesses. This is a brief overview of the current IR35 situation and how it may impact your business if you employ contractors.

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