Just announced: Additional financial support will be available for businesses who have been impacted by the Omicron variant

Rishi Sunak has announced that £1 billion of additional support will be available for businesses most affected by Omicron across the UK with businesses in the hospitality and leisure sectors in England eligible for one-off grants of up to £6,000 per premises. Plus more discretionary funding will be made available for local authorities to support other businesses

What additional financial support is being made available?

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How networking will boost your growth

The old adage ‘it’s not what you know, it’s who you know’ is more relevant today than ever. People do business with people they know, like and trust and for a business to grow, it’s team and management need to meet and build relationships. A fantastic way to do this is by networking: be this in person or virtually. Not only can you build those all-important business connections, you can also learn a tremendous amount by listening to different experiences and insights.

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Meet Keith Grover – Director, Ferrari enthusiast and HB stalwart

For the past 35 years, Keith Grover has worked at the heart of HB Accountants, he is our Audit and Accounts Hero and has seen many changes over the years. He first joined us back in 1986, there was one DOS-based computer for use by the whole office (if you don’t remember DOS-based computers, Google it, it means you are young). No mobile phones and two thirds of the office was male and the women usually worked as secretaries, thankfully things have changed. Fast forward to today when over half the office is female and we’re moving to fully digitised taxation and accounting systems. The one thing that remains, as Keith explains, is that clients still expect the same dedication and thorough understanding of their business. It’s this personal touch that sets HB apart.

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How does the Autumn Budget 2021 impact on you and your business? Find out here

The Chancellor Rishi Sunak presented his third Budget on 27 October 2021. In his speech he set out the plans to “build back better” with ambitions to level up and reduce regional inequality. Find out how the Budget impacts on you and your business below

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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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Planning For Growth

Welcome to our new series of blogs that will help organisations and businesses of all sizes with PLANNING FOR GROWTH.

After the roller coaster 18-months of lockdowns, openings and for some, a reduced customer base, it’s time to refocus our energies on growth. Over the next few months, we will write a number of blogs on this topic. They will be packed full of guidance and tips that will help your business flourish. Featuring ways to streamline your processes, that will prompt you to review your activities, as well as offering invaluable advice.

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Giving Carter a Kickstart

We are so pleased to welcome Carter to HB team as our Junior Finance Team Assistant. Carter has joined us for 6 months on the government’s Kickstart Scheme, which provides funding to create new jobs for 16-24 year olds.

Carter has recently secured his A Levels and decided to pursue training, rather than heading off to University. When he has lots of valuable experience under his belt, Carter hopes to find an Apprenticeship scheme or a role that will allow him to develop his natural numeracy skills.

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COVID support schemes are ending, find out what is continuing

The SEISS fifth grant period ends today as does the furlough scheme, with employers having until 14 October to submit a claim for the latter – as does the VAT reduction for hospitality and tourism to 5%, which will see an increase to 12.5

The ICAEW have issued a handy timeline for the remaining schemes.

Two forms of data are shown in the chart: how much money has been spent or lent on each scheme so far, and each scheme’s end date.

The chart does not include all of the support measures provided by the government or the Bank of England to businesses and individuals, for example the £20 a week uplift in universal credit to those on low incomes that also comes to an end on 30 September or the corporate finance lending facilities provided by the Bank of England to very large businesses.

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Phishing email – Think that you won’t open one?

We all send emails daily. Yet, an increasingly large number of emails are a phishing email. Phishing (pronounced “fishing”) emails are sent by criminals who want you to give them your personal details. The email will ask you to fill in a form or to click on a link and download code to your computer – this allows the criminals to simply gather information or more severely, attack your IT system by implanting malware: software that will disrupt or destroy your data or tools or install ransomware, which encrypts data that will only be released once the victim has paid a ransom. Cybercrime is sadly rife.

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