Finance Directors and Business Owners watch out for these key financial reporting dates and for new employment legislation also being introduced in 2024
Key Financial Reporting Dates for 2024 plus Employment Legislation that may impact your business
Employment Related Shares and Securities transactions : time to report to HMRC
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.
How Long Do I Have To Live In A Property To Get Tax Relief When Selling It?
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.
Unlock Opportunities: Join Our HB Ladies Business Networking Brunch in Hoddesdon
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.
Join HB Accountants in Empowering Local Students: SME Cohort 1-Day Work Experience Program – Pilot
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
Charities – Changes to the Charities Act 2022
If you are a charity, it is important to be aware that nearly all the provisions of the Charities Act 2022 are now in force as another tranche of rules came into force on 7th March, 2024.
Safeguard Your Business: HMRC Alerts on VAT Bank Details Fraud
In a recent development, HMRC has issued a critical warning regarding fraudulent activities targeting businesses’ VAT repayments. Exploiting Form VAT 484, fraudsters manipulate businesses’ contact, return, and bank details, posing a significant threat to financial security.
Difficult Times, Difficult Decisions for Businesses
The current economic outlook is to say the least, uncertain. Economic questions cloud the future. Interest rates, inflation, and the ongoing implications of Brexit have an impact. As does the consequences of global warming and the conflict in Europe and further afield. Forthcoming elections both here and abroad also make it harder to understand a business’ viability trading forward.
Embracing the Future: Welcoming Work Experience Placements at HB Accountants
At HB Accountants, we’re not just about numbers; we’re about nurturing talent and fostering a culture of support and growth. That’s why we’re thrilled to introduce our latest work experience placements, as they embark on a journey of learning and discovery with us.
Sustainability Report from HB Accountants: 2024
The HB Accountants Sustainability Report summarises the important work the team at HB Accountants has completed to reduce our impact on the environment, and to support our local community. It is written for those who are keen to ensure that their chosen accountancy and audit partner is both aware and actively working towards these important matters.
