Sold an Inherited or Second Property? You NEED to file a CGT return within 60 days to HMRC

Capital Gains Tax property disposal return needs to be filed within 60 days of completion of sale of your second property (CGT). If you have sold a second property that is not your main residence (this includes an inherited or gifted property) you must file a CGT UK property return within 60 days of comptetion (unless the property has made a loss).

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HB are Celebrating: Hertfordshire Chamber of Commerce Inspiring Herts 2022 Awards Finalists

We are feeling a little bit excited about Hertfordshire Chamber of Commerce’s latest annoucement. HB Accountants are finalists in the Inspiring Herts 2022 Awards!! And we are finalists in not just one category, we are finalists in two Inspiring Herts 2022 Awards categories – a fabulous reason to celebrate!!

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The Kickstart Scheme Delivery Suprising Bonus for HB Accountants

The ICAEW are highlighting the work HB Accountants in Hoddesdon, Hertfordshire are doing to address diversity within the profession, their apprenticeship program and their Kickstart experience – read more here

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Spring Statement 2022

Against a backdrop of rising inflation, Chancellor Rishi Sunak presented his first Spring Statement on Wednesday 23rd March 2022 – find out what that means to you and your business here in our HB Accountants Spring Statement 2022 highlights

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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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Why is effective credit control so critical for your business?

Effective credit control is fundamental to ensuring a business has a regular flow of cash. Securing a good cash flow is one of the most important aspects of running a business in order to enable sustainable growth or to support a fight for survival. As we emerge from a pattern of lockdowns and openings, it’s never been more important to ensure your business is in the strongest financial position possible.

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VAT: Has HMRC contacted your businesses about VAT?

Some non-VAT registered businesses have recently received letters from HMRC claiming that they are trading above the VAT threshold. Any business that has received such a letter needs to act quickly. They should share the letter with their tax agent/accountant then work together to review the rolling 12-month turnover figures.

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