Looking forward to your future

Our passion as a team is to help your business to succeed as well as providing peace of mind on all compliance matters, and all built on strong client relationships and providing outstanding service.

Ambition Broxbourne was only launched in April 2014, but it’s already making a significant difference to the area which has fast become an enterprise zone in its own right. It offers free advice to small businesses, has drawn up a business charter to establish working relationships between businesses and the Council, and has a number of short and long-term targets to encourage and support business start ups. In March this year, it organised a Dragon’s Apprentice Challenge for school students who’ll be the business owners of the future.
But its greatest achievement so far is undoubtedly the Broxbourne Enterprise Centre which is due to open this autumn. At a cost of nearly £4million, the centre is a collaboration between Broxbourne Borough Council and Hertfordshire Local Enterprise Partnership. When it’s finished, it’ll offer 25,00 sq ft of high quality, managed workspaces for small businesses and start-ups.

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When I started working in taxation more than 40 years ago, one of the first things I learned was that there was “no equity in taxation” – either you were taxed by the statute or not. (more…)

Small businesses play an important role in creating jobs, delivering innovation and helping to drive economic growth. Starting a business may be a major achievement but running it and surviving is an even bigger challenge. For every 10 businesses that are created, the life cycle of 6 businesses is less than 5 years. This can be for any number of reasons, some predictable, and by adapting their behaviour, business owners can increase their chances of success.
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The business and industrial centre of Hoddesdon is centred around Pindar Road. The area provides modern industrial units from 500-3,500 square feet in size which are occupied by a wide range of companies that provide goods and services such as warehousing, plant hire, hardware, and even a genotyping laboratory. It also houses Hoddesdon’s public recycling centre.

Ambitious plans for business

In the autumn, office space will become available when the new Ambition Broxbourne Business Centre opens its doors. Funded by Broxbourne Borough Council and Hertfordshire Local Enterprise Partnership, it will provide 65 serviced offices for around 300 people, to support and encourage local start-ups, entrepreneurs, and SMEs. When at full capacity, it’s estimated that the businesses will contribute £20m annually to the local economy, which is great news for Hoddesdon. This is expected to lead to business growth in Pindar road and beyond.

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HB Accountants are so pleased to be attending the FSB Hertfordshire Awards 2016 as finalists in categories Best Customer Service, Training & Development and Apprentice of the Year! As this is our first year of entering awards we are overwhelmed that we have been shortlisted amongst some fantastic businesses. (more…)

Supplier relationship management (SRM) is more than just ordering goods or services from third party organisations. To get the best out of your suppliers, it’s essential to create close and collaborative relationships with them. It’s not rocket science – like a good relationship in any situation, your aim should be to work together as a team. We’ve put together a few simple strategies for effective supplier relationship management which could have enormous benefits for your business’s bottom line. (more…)

Results of a new survey have shown that small businesses are damaging their chances of growth by not using Key Performance Indicators (KPIs). (more…)

According to the accounting membership organisation AAT, SMEs are probably losing out on £1,277 a year because finances are being dealt with by unqualified staff. This equates to a massive loss of around £2.9billion a year across the UK. AAT estimates that 35% of people who are responsible for finances in their SME don’t have a relevant qualification, with finance and accountancy tasks being shared between staff for whom it is not a primary responsibility. In fact, only 26% of small businesses have one or more dedicated staff members dealing with the accounts.

Here are our Top 7 effective budgeting tips for small business owners.

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If you run a small business, are a sole trader or even a freelancer, you’ll undoubtedly need more help with your accounting than you can probably afford. By using a specialist accounting package, your accounts can be organised in a way that’ll help you make sense of them. And if you keep your day-to-day accounts in good order, you could save money on accountants in the long run.

Here’s the HB Accountants’ beginner’s guide to the features available with some of the best packages specifically for small businesses.
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Please be aware of the following changes effective as of 1 April 2016: (more…)