What are the benefits of networking?

Could it be time for you to get better connected and what are the benefits of networking? Throughout Hertfordshire, Essex and the surrounding areas you will find many fantastic businesses. Professional networking means you are going to meet more people and ultimately expand your network. You might be thinking “is the investment of my time and resources actually going to be worth it?” At HB, we believe that by taking advantage of networking events you can build genuine business relationships, which will have a positive impact on you and your business in the future.

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Why Do Auditors Invoke Fear?

Auditors… Does this conjure up an image of an impersonal, fearful, detail-obsessed tyrant desperate to find errors in your accounts? I completely understand why the thought of an audit would fill you with dread, but this blog shares how to have the same positive audit experience that our clients enjoy and one that will ultimately help and support your business. 

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Year End Tax Tips for Businesses 2019/2020

As the end of the tax year approaches, it’s a great time to consider if there are any opportunities to benefit from tax relief. Here are HB’s top tax tips for businesses for the year end – if you want to know more, give the tax team at HB Accountant a call.

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Help your employees beat the post-Christmas bulge

Work related ill health is a serious issue and with recent government figures suggest that 1.3 million workers suffered from work-related ill-health. This equates to potentially over 25 million working days lost, hence promoting employee health and wellbeing has never been so important and is considered a vital part of a successful business. This, however, does not necessarily come cheap. It is estimated to cost £522 per employee which equates to up to £32 billion per year for UK business alone.

Here are some areas where you as an employer can use tax breaks and exemptions to help encourage a healthy mind and a healthy body at work.

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Laughable excuses for late tax returns! You do not want to receive a penalty for not filing in time

You do not want to receive a penalty for not filing your return in time. As you’d expect, most taxpayers provide their Self Assessment tax returns on time with honest information and pay their tax bill on time too. But alongside all these good citizens and business folk with their straightforward tax returns HMRC also receives a raft of laughable excuses as well as some dubious tax-reducing expense claims. Surely no one in our local area of Hertfordshire, Essex and north London would have put these whoppers for late tax returns forward?

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Accounts tools: Aged debtors report

Does your business make use of an Aged Debtors Report? All businesses compile annual accounts as part of their statutory duties. Many also use management accounting tools to improve their business performance, especially if they are mid-sized businesses. This type of financial report is often completed each month and sheds light on the effectiveness of current business strategies. Here we put one such tool, the Aged Debtors Report, into the spotlight.

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New Year Networking with HB Accountants

HB Accountants Ladies Networking Lunch

Are you thinking that 2020 is the year that you should get better connected? Networking is one of the many opportunities to make new business contacts, get advice and swap tips and as a result (and because HB Accountants believe networking is fabulous for business) we organise a Ladies Networking Lunch every quarter.

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Team HB’s John celebrating his 50 years of Tax

HB Accountants are proud to announce that our Tax Guru and Director John Neighbour is celebrating 50 years in Tax with The Chartered Institute of Taxation (CIOT) – we are wondering if there is has been a miscalculation… surely John can’t be a day over 50 himself!

What a fantastic achievement, congratulations John.

#taxguru #CIOT #celebrating #hbaccountants #hbahoddesdon #hoddesdon #notyourusualaccountants

If you would like any help with your personal or business tax, accounts, payroll or have any other questions, feel free to call Team HB on 01992 444466 or email directors@hbaccountants.co.uk – we will be happy to help.