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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A Benefit-In-Kind: Are you clear about what they are and what you need to do about them?

Benefits-in-kind can feel like a minefield for business owners. In this blog we will tell you what you need to know, what you need to do, and show that it is possible to reward your team for doing a brilliant job without being taxed for it!

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HB Accountants Earns 23rd Place in Top 50 SME Apprenticeship Employers 2023

We are thrilled to announce that HB Accountants has been awarded the 23rd position in the prestigious list of Top 50 SME Apprenticeship Employers for 2023. This recognition was celebrated at a special event at the House of Commons on September 12th, 2023, attended by our marketing manager, Vicki, who collected the award on behalf of HB Accountants

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Driven to start up a new charity? This is what you need to know about your legal and tax obligations!

There are over 400,000 charities in the UK working hard to benefit different segments of society.  You may be aware of a gap in provision and have the passion and drive to start up a new charity. This is what you need to do to establish your charity and the laws that govern charities in the UK.

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Should my business accept crypto currency as payment?

With the growing popularity of cryptocurrencies, some businesses have started to accept crypto payments. Accepting crypto works well for some companies but how do you decide if it is right for your business? This blog will share some information that may help you to decide, although we always recommend taking professional advice before you adopt it as a new payment method.

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Why you need a fantastic accountant!

As a business owner, it’s important to manage your cash flow and stay on top of your tax obligations. This can be either overwhelming or time consuming (or both!) so having a reliable accountant on hand to manage your business finances makes sense. But when you engage a fantastic accountant – you will soon discover that they not only keep your finances on track, they offer so much more.

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Celebrating Success: HB Accountants Honoured as Top 50 Apprenticeship Employer

At HB Accountants, success is not merely measured by financial achievements but by the strength of our team and the positive impact we have on our community. We are thrilled to share the exciting news that our dedication to fostering exceptional talent and creating a supportive work environment has earned us the prestigious Top 50 Apprenticeship Employer Award by the Department of Education

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