Solving a Finance Director’s Worst Nightmares: Strategies to mitigate or prevent them from occurring

Finance professionals are not only responsible for financial transactions and reporting, they are directly involved in the operation of their organisations; providing strategic direction and high-level decision making. However, with this expanded responsibility and new technology, there comes new challenges.

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Budget Breakdown: Insights for Self-Employed, Companies, and Everyday Earners

On 30th October, Chancellor Rachel Reeves has presented Labour’s first Budget since their election. Understanding how their changes to the UK tax system impacts on your business and personal affairs is paramount. Get budget clarity here.

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Welcome to Gavin, Our New Trainee Accountant Apprentice

At HB Accountants, we love welcoming new faces to the team, and today, we are thrilled to introduce one of our two new Trainee Accountant Apprentices, Gavin! He has joined us after completing his A Levels at Birchwood High School in Bishops Stortford, Hertfordshire and we are excited to see him thrive here at HB.

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What do Students Want from Work Experience Placements – Q&A with Abigail Durant

Students want practical skills, industry insight, and networking opportunities from work experience placements. Personal and professional development are key. Guidance on career paths is up there and students are keen for feedback to improve their skills. Students hope for a rewarding experience that prepares them for future employment.

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Accounting For Beginners – All You Need To Know About Profit And Loss

Understanding whether a business is profitable or not is fundamental to the success of the business. If you are a business owner, you need to know what to do to maximise your profits or whether there are areas that need more attention. This is why regularly creatin and understanding your Profit and Loss (P&L) is so important.

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Sole Trader vs Limited Company – which is right for your business?

Whether you’re just considering a new business idea or already transact as a sole trader, you may wonder if incorporating your business – that is becoming a Limited Company –  is right for you. In order to know the answer, you need to research the differences between the two structures, and we highly recommend speaking to your accountant, as there will be tax implications.

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Elevate Your Finance Department: How Your Accountant Can Be Your Strategic Ally

Finance directors of growth businesses, like you, are constantly faced with the challenge of steering the financial ship toward greater prosperity. To help you navigate this dynamic journey, let’s delve into how partnering with the right accountant, can be a game-changer for your role and your business’s success.

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ACTION STATIONS: What you need to know about Corporation Tax Rises

The UK’s main rate of corporation tax will increase from 19% to 25% with effect from 1 April 2023. Not every company will pay at this rate. A small profits rate of 19% will be introduced for companies with annual chargeable profits of £50,000 or less, with a tapered tax band for those with profits between £50,000 and £250,000.

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