HB Accountants has created a clear, impartial summary of the main tax policies proposed by major parties for the 2024 general election. This guide highlights the key tax changes each party plans, helping you understand the potential impact on businesses and individuals
In an update for businesses and employees alike, HMRC has revised the advisory fuel rates (AFRs) for company car drivers. These changes, effective from 1st June 2024, will impact all journeys where employees claim back fuel costs from their employer. It is essential for companies to stay informed about these updates to ensure compliance and accurate reimbursement processes.
We believe in the huge benefits of offering work experience to local students, viewing it as a core component of our commitment to Environmental, Social, and Governance (ESG) principles. This practice, embedded in our sustainability report, not only enriches the students’ educational journey but also provides our business with fresh perspectives and emerging talent.
Continue readingWe’re excited to share that HB Accountants is sponsoring the Community Champion category at this year’s Inspiring Hertfordshire Awards. This fantastic event, which highlights the best in local business, is happening on Thursday 27th June, at Tewinbury Farm in Hertfordshire.
Following the recent update to the Economic Crime and Corporate Transparency Bill, scammers have been targeting business owners with fake letters and emails claiming to be from Companies House. Letters request a £48 payment to set up enhanced web filing on the Companies House register. This is a scam.
Finance Directors and Business Owners watch out for these key financial reporting dates and for new employment legislation also being introduced in 2024
Companies have until 6 July 2024 to inform HMRC about ‘Employment Related Securities’ (ERS) arising in the tax year that ended 5 April, 2024. These are securities acquired by a person ‘by reason of employment’. ‘Securities’ include shares and share options – failure of the company to inform HMRC, could mean heavy penalties. If you haven’t already registered your scheme, and your employees have, for example, acquired shares in your company or options to acquire them, then you need to take action.
Principal Private Residence (PPR) relief can wipe out or significantly reduce the tax you owe when selling your home. A Principal Private Residence (PPR) is a house or apartment which you own and occupy as your only, or main, residence.
There isn’t a simple answer so speak to your tax adviser. You must prove that you intended to make it your permanent residence.
How do you feel about a networking brunch!!? Would like to expand your business network and increase your visibility? Come and share your story with #TeamHB and many more businesses, at our June Ladies Business Networking, informal and friendly local networking in Hoddesdon, Hertfordshire. Plus we have switched things up a little this time around, opting for brunch instead of lunch.
We’ve got an exciting opportunity brewing in our Hertfordshire community, and we want you and your business to be a part of it. As part of our ESG (Environmental, Social, and Governance) commitment, HB Accountants offer work experience placements throughout the year. We are eager to do even more for our local students. We want to implement a program where students can rotate through five different businesses in a single week AND develop their understanding of the amazing employers and career opportunities available in Hoddesdon
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HB Accountants is the trading name of HBAS Limited, a company registered in England with registration number 5085258. The registered office of HBAS Limited is Plumpton House, Plumpton Road, Hoddesdon, Hertfordshire EN11 0LB, England. Registered for VAT number 866062806.