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
The Kickstart Scheme extension gives employers until 17th December 2021 to submit the Kickstart Grant application, and recruitment activities upto to 31st March 2022Continue reading
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 belowContinue reading
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.Continue reading
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.Continue reading
A new health and social care tax will be introduced across the UK to pay for reforms to the care sector and NHS funding in England. It will raise £36bn for front line services over the next three years.Continue reading
Making Tax Digital for Income Tax Self-Assessment becomes law on 6 April 2023 and aims to make tax accounting easier for businesses and individuals such as sole traders by legislating the digitalisation of tax data and submission.Continue reading
HB Accountants are training firm in Hoddesdon, Hertfordshire, and we are all about empowering and inspiring young people to be the very best versions of themselves. As part of our Corporate Social Responsibility strategy, we have developed an Education Partnership Programme (EPP) and for many years have worked in partnership with Hertford Regional College, taking on apprentices from local schools.Continue reading
Furlough has been extended until 30 September 2021, however, the level of grant available to employers under The Coronavirus Job Retention Scheme is set to reduce from 1st July, 2021. This means that employers will need to ‘top up’ wages to ensure that their employees continue to receive 80% of their salary, capped at £2,500 per month.Continue reading
When your child turns 13 years old, they can legally work for your limited company. There are restrictions on what work they can and cannot do – no chimney sweeping allowed! This could be a good opportunity for your child to learn more about business and for your company to benefit from additional support.Continue reading