John Neighbour is retiring after 45 years with HB Accountants

A letter from our former Tax Director, now Tax Consultant,
Mr John Neighbour

I joined HB in September 1976 from Thomson McLintock (now part of KPMG) in order to set up a tax department.  At that time, we were based in London at Coventry House near Liverpool Street Station.  45 years & 4 office moves later, we are now based at Plumpton House in Hoddesdon. Over the past few years, I have been winding down my time commitments & at present I am typically working about two days per week. At the same time my tax manager, Amy Thompson, has been taking on more responsibility. 

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Meet Karen – Director, Analytical Auditor and Charity Fundraiser

Karen Chase officially joined HB Accountants back in 1998. It was the year when Buffy the Vampire Slayer was all the rage, Titanic won 11 Oscars and a furby was the toy of choice! Karen had already gained an Accountancy and Finance degree but was unsure where she wanted to work – many accountancy firms seemed grey and impersonal. She was attracted to HB because many of our 10-strong audit team were of a similar age and Karen could see that there was both the opportunity to learn more about auditing as well as enjoy a social life.

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12 things your Charity needs to know about Gift Aid

Registered charities and Community Amateur Sports Clubs (CASCs) can claim an additional 25p for every £1 donated by an individual. This whopping 25% boost on donations is known as Gift Aid and it can soon add up. As accountants working with a number of charities, we are well aware of the difference this extra money can make to that fantastic work you are all doing.

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Why HB supports Ambition 2019

Taking place at The Spotlight in Hoddesdon, Hertfordshire this November, the Ambition Conference, is designed to inspire local businesses to grow and excel. HB Accountants has been involved with this initiative from the outset and HB’s Keith Grover will be the Chair of the organising committee for the second consecutive year. We asked Keith why he thinks it’s worth the time, sponsorship and effort that he and the team at HB Accountants put in. Here’s what he said:

“This one-day event is important because it specifically benefits local businesses, local people and local charities. It’s designed to boost the performance of your team, company or group. That’s good for jobs, business performance and the local economy.

Ambition Conference Hoddesdon 2019

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Do you avoid these five common mistakes when you’re computing your business profits?

Avoiding common errors when computing business profits

HMRC produce a range of Toolkits for agents, which highlight errors commonly made in returns so that agents can take steps to avoid them. The business profits toolkit provides guidance on errors that are found in relation to business profits for small and medium-sized businesses. They are helpful to anyone computing taxable business profits.

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How to review your accountancy support

You compare your suppliers to ensure you’re getting a competitive price and service, but have you thought about reviewing your accountancy support? It may be that you’ve used the same accountant for a long while and they’re most likely giving you the support you need. But it’s always worthwhile conducting a review to make sure they’re reaching your expectations and meeting your current business needs.

But what should you look for? These are the questions we believe you need to ask yourself in order to make an informed assessment.

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We already have Annual Accounts, why do we need Management Accounts?

Annual Accounts are very familiar to business people. Every year statutory reports which comply to specific accounting standards must be filed with HMRC and Companies House. But what about Management Accounts? There is no legal obligation to generate them. Why then, do so many organisations depend on Management Accounts in running their operations and could you be benefitting from them too?

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How to make better decisions with Management Accounts

Better business decisions lead to stronger businesses, with higher turnover, lower costs and greater productivity. Business leaders and owners, including those in medium sized, and small fast-growing businesses, use Management Accounts as a tool to provide them with financial performance information. For charities Management Accounts are often vital to provide Trustees with the information they require to provide good governance for the organisation. Could your organisation benefit from regular Management Accounts?

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Top tips to prepare for company year end

At company year end, it’s time for limited companies to file corporate tax returns with HM Revenue & Customs (HMRC) and provide annual accounts to Companies House. Whilst small and micro companies don’t have to provide full accounts reports to Companies House, they are still required to provide simplified accounts reports as a statutory requirement. Since corporation tax is calculated by HMRC based upon the financial position of your company at year end it’s vital to have everything in order. There are steps you can take to make this process as smooth as possible. At HB Accountants, we can provide as much or as little support as you need at year end. Here are our top tips to prepare for company year end.

HB Accountants Top Tips for year end accounts