Everything Taxwise Under Control
From personal & inheritance tax to VAT & corporation tax
Meet your legal obligations
We help both organisations and individuals minimise their tax burden while meeting all their legal obligations. Our technical support ensures they are compliant with tax legislation and reduces the amount of time they spend working on tax returns.
Given the increasing sophistication of HMRC, the complexity of the UK tax system and the time consuming requirements placed on individuals and organisations, it is important that you instruct advisers like us who can effectively manage your tax affairs.
Reduce the time burden of tax
The time burden of dealing with HMRC can seem as much of an imposition as the financial burden of paying tax. We can take that burden away from you.
We can help businesses, charities and social enterprises with their complex tax compliance obligations.
With increased pressure on businesses to fulfil their obligations for reporting on tax, our timely service helps you to avoid significant tax penalties.
Our areas of expertise
Tax issues resolved quickly
Highly recommended - thank you HB Accountants”
Making Tax Digital for VAT Phase 2
HMRC has introduced Making Tax Digital (MTD) gradually. MTD for VAT started from 1 April 2019, affecting VAT-registered businesses with a taxable turnover above the VAT threshold of £85,000. Phase 2 of the UK Government’s MTD initiative for VAT started on 1 April 2022. It was delayed because of the Covid19 pandemic. It includes those who have voluntarily registered for VAT, who were left out in the initial phase 1 of MTD for VAT. The new requirements include digital recordkeeping and the tracking of digital journeys, with penalties for infringement and late filings.
From April 2023, Self-Assessment taxpayers will need to comply with Making Tax Digital for Income Tax.
Many businesses mistakenly think they are already digital because they submit their returns online. But this is not enough to comply with HMRC’s Making Tax Digital for VAT requirements. Accounts must now directly interlink with the HMRC system. HB Accountants provide advice on a case by case basis tailored to each organisation’s needs to ensure compliance.
Technical Tax AdviceGet the technical tax help you need and meet your tax obligations without delay. We provide advice on tax compliance to individuals and to charities and companies of all sizes in Hoddesdon, Broxbourne, Hertford, Ware, Harlow, Cheshunt, and beyond. Our tax experts have years of experience and are always up to date with changes in tax legislation.