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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Meet Matt – Our Business Administration Apprentice

Matt joined us 12 months ago on a Level 3 Business Administration Apprenticeship after realising that sixth form was not the best option for him. Aware of the opportunities than an apprenticeship offers including the chance to make connections whilst learning new skills, he decided to join HB.

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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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Check for gaps in your National Insurance record now to avoid pension shortfall

Update: Deadline for voluntary National Insurance contributions extended to April 2025 to check your National Insurance record to enable you to fill in any gaps in your NI contributions. Anyone with a shortfall in their record has until April 2025 to buy back their missed years to qualify for a full state pension

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Year End Tax Planning Guide – 2022-23

Your personal affairs, your family and business affairs, and your plans for the long term, need to be arranged as tax efficiently as possible. The period before the end of the tax year, on 5 April 2023, is the BEST time to do this. Make sure to check out our year end-tax planning guide 2022-23 – a must read, right now, to maximise the opportunities available

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HMRC announces further delay to Making Tax Digital for Income Tax Self Assessment – MTD for ITSA

Making Tax Digital for Income Tax Self Assessent update: The UK Government has announced that MTD ITSA has been delayed again (was due to come into play 6 April 2024), is now mandated to start from April 2026

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Launching October: Variable direct debit for your PAYE and national insurance liabilities

Functionality to allow employers to set up a recurring direct debit to pay PAYE and national insurance liabilities will launch early in October. HMRC have announced that a variable payment plan for PAYE and NIC liabilities will be available. The existing system allows only a single payment to be made by direct debit.

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