Everything Taxwise Under Control
From personal tax returns to VAT and corporation tax
Meet your legal obligations
We help both organisations and individuals minimise their tax burden at the same time as 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 their 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 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 will start on 1 April 2021 – the start of phase 2 follows a one-year delay due to the Covid19 pandemic. 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.
With the UK now out of the EU VAT regime – what do you need to do keep your goods flowing, customers happy and taxes compliant?
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 Advice
Get the technical tax help you need and meet your tax obligations without delay. We provide advice on tax compliance to individuals, charities and companies 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.