Call 01992 444466

Everything Taxwise Under Control

From personal & inheritance tax to VAT & corporation tax

 

Meet your legal obligations

We help both organisations and individuals minimise their tax burden while meeting all their legal obligations. Our technical support ensures they are compliant with tax legislation and reduces the amount of time they spend working on tax returns.

Given the increasing sophistication of HMRC, the complexity of the UK tax system and the time consuming requirements placed on individuals and organisations, it is important that you instruct advisers like us who can effectively manage your tax affairs.

Reduce the time burden of tax

The time burden of dealing with HMRC can seem as much of an imposition as the financial burden of paying tax.  We can take that burden away from you.

We can help businesses, charities and social enterprises with their complex tax compliance obligations.

With increased pressure on businesses to fulfil their obligations for reporting on tax, our timely service helps you to avoid significant tax penalties.

Our areas of expertise

Tax issues resolved quickly

 
"After battling illness for the last three years whilst trying to work intermittently, my finances were the last thing I wanted to worry about. When I approached HB Accountants after their social media marketing struck a chord, the team were absolutely fantastic. Within a week my accounts and tax returns were back in order and all with the most amazing service, understanding and efficiency.

Highly recommended - thank you HB Accountants”
Laura Maloney, Hertfordshire

Making Tax Digital

HMRC has introduced Making Tax Digital (MTD) for VAT gradually. MTD for VAT started from 1 April 2019, affecting VAT-registered businesses with a taxable turnover above the VAT threshold of £85,000. Phase 2 of the UK started on 1 April 2022. It includes businesses who have voluntarily registered for VAT, who were left out phase 1. The MTD requirements include submitting returns online and digital recordkeeping. There are penalties for infringement and late filings.

The current plan for Making Tax Digital for Income Tax is for it to be introduced in 2 phases.  Those with a qualifying income of more than £50,000 must use MTD from 6 April 2064, and a qualifying income of more than £30,000 from 6 April 2027.

Many businesses mistakenly think they are already complying with MTD because they submit their returns online. This is not enough.  MTD also requires that all accounts information is recorded digitally and the system used directly interlinks with the HMRC system. HB Accountants provide advice on a case by case basis tailored to each organisation’s needs to ensure compliance.

Technical Tax Advice

Get the technical tax help you need and meet your tax obligations without delay. We provide advice on tax compliance to individuals and to charities and companies of all sizes in Hoddesdon, Broxbourne, Hertford, Ware, Harlow, Cheshunt, and beyond. Our tax experts have years of experience and are always up to date with changes in tax legislation.

Related Articles

 

Key Financial Reporting Dates for 2024 plus Employment Legislation that may impact your business

Finance Directors and Business Owners watch out for these key financial reporting dates and for new employment legislation also being ...

Employment Related Shares and Securities transactions : time to report to HMRC

Companies have until 6 July 2024 to inform HMRC about ‘Employment Related Securities’ (ERS) arising in the tax year that ...

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 ...

Award winning accountants

We are proud to have been recognised for our work. We have won awards in Hertford, Hertfordshire and beyond.

Inspiring Hertfordshire Awards 2022 Business of the Year Commended Inspiring Hertfordshire Awards 2022 Apprenticeship Champion Commended Inspiring Hertfordshire Awards 2023 Apprenticeship Champion Highly Commended
Hertford Regional College apprentice employer of the year finalist 2019
Top 50 SME Apprenticeship Employer Disability Confident employer

Our Centenary

In 2021 we celebrated our centenary, 100 years providing accountancy services and business advice.  Our business has grown and prospered by an excellent service and building strong, long-term relationships with our clients.

HB Accountants Centenary Celebrations This website is hosted Green - checked by thegreenwebfoundation.org

Nimbus Green Hosting Logo

© 2024 HB Accountants | Privacy Policy | Disclaimer | Terms of use | Website by Origin 1

Logo of the Institute of Chartered Accountants in England and Wales

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.