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.

It’s safe to say that payday is the time of the month that employees look forward to. But there are hidden processes and vital security measures that are necessary to make this coveted day run smoothly. Using an outsourced partner like HB Accountants for your payroll can help you to streamline your payroll and cut the risk of a cyber breach. So, what’s at stake?

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Setting up a small business can be exciting. So much rides on it – your hopes, your financial security and future opportunities. Yet all the costs to make it happen and then keep it running efficiently can seem daunting. That’s why you should consider whether your small business qualifies for tax breaks that allow you to save money.  

HB Accountants is experienced in advising small businesses about their tax breaks. Here are our 7 top tips for you to consider:

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A social gathering at work can be an ideal time for team members to get to know each other better but it can be expensive. That’s why it pays to know about Trivial Benefits and tax relief on the annual office party.

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To ensure a smooth audit, ideally you should prepare for it during the year. By keeping on top of your finances throughout the year you’ll be well organised when you need to file your corporate tax returns with HM Revenue & Customs and provide audited annual accounts to Companies House at year end. So, who has to have an audit and what steps can you take to make your auditing process run smoothly, with minimal disruption to your day-to-day activities?

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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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If you’re serious about business growth, then networking amongst local business people can make a valuable contribution to your success. At HB Accountants we organise and host networking events, as well as attending local groups. As the newest member of the team, I’m delighted to be involved in running networking events designed to help local businesses make connections. Here are the latest dates for your diary.

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We’re ready, are you? HB Accountants recognise that it’s demanding for people to know what to do to comply with the new MTD requirements. It’s a common misconception that businesses think they don’t have to do anything since they’re already submitting their tax returns online. Unfortunately, that’s not the case as all your online submissions, be it accounts or spreadsheets, must now directly interlink with the HMRC system.

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This month sees the team at HB Accountants celebrating Karen Chase’s birthday on the 13th of April. We all wish Karen well and for someone who works so hard, it’s great her birthday falls at the weekend this year, so she’ll be able to relax and celebrate. Karen shares her birthday with the fifth Doctor Who and All Creatures Great and Small actor, Peter Davison.

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The Flat Rate VAT Scheme is an incentive provided by the government to help simplify taxes. This means you can reclaim VAT on purchases that you have been charged on from HMRC.

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As it is a new Tax Year, we have compiled a Tax Card which details the new rates for 2019-2020 – see below to download or receive a hard copy.

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