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.
Tag Archives: business
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.
New Tipping Laws Now in Effect: What Employers Need to Know
The success of our hospitality and service industries is driven by a diverse and exceptionally talented workforce. Starting Tuesday, 1st October, new laws will come into effect ensuring workers receive 100% of the tips they’ve earned.
General Election 2024: Key Tax Policies from Major Parties
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
Important Update: HMRC Revises Advisory Fuel Rates (AFRs) from 1st June 2024
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.
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.
Are You Considering Earning Extra Income Through A Side Hustle In 2024?
Starting from January 1st 2024, HMRS now require selling and service platforms to regularly report your transactions to them. These records will be cross-checked with the income you’ve reported on your tax return, and any disparities may be subject to investigation.
This measure aims to combat tax evasion.
Not Claiming Child Benefits? How This Could Affect Your Child
A number of children currently in year 11 at school, who are turning 16 years old, have not received a National Insurance number. This is why.
Maximising Tax Efficiency: The Ultimate Guide to Year-End Financial Planning by HB Accountants
As we near the end of the tax year on 5 April 2024, it’s essential to take stock of your family and business finances. Although tax rates and thresholds remain stagnant, the government’s tax revenue keeps climbing. Nonetheless, there are still plenty of practical ways to manage your affairs tax-efficiently, and we’re here to guide you through some of these strategies.
Are you part of the Apprenticeship Ambassador Network (AAN)? HB Accountants share the benefits here
The 17th National Apprenticeship Week runs between 5 – 11th February, 2024. It’s a week-long celebration when businesses and apprentices shine a light on the positive impact that apprenticeships make to individuals, businesses and the wider economy. This year’s theme is #SkillsForLife – and when we review our own apprenticeship experience, we can see the newly acquired skills in action and the difference that they are making.