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.
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.
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.
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.
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.
Successful businesses build strong connections. They create robust relationships with individuals within the company, clients, stakeholders, and business contacts. When you appreciate the power of nurturing and utilising strong professional connections, your business will thank you.
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.
Having celebrated our 100th birthday a few years ago, today marks another anniversary for HB Accountants. 41 years in the wonderful Hertfordshire town of Hoddesdon. HB started out in 1921 in the City. Fast forward to 1982 and with rising rent and rates, it was more economically viable to migrate to the suberbs of Hertfordshire, plus lots of the team lived north of the Thames -Amwell House became home 41 years ago on 21 December 1982.
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.
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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HB Accountants is the trading name of HBAS Limited, a company registered in England with registration number 5085258. The registered office of HBAS Limited is Plumpton House, Plumpton Road, Hoddesdon, Hertfordshire EN11 0LB, England. Registered for VAT number 866062806.