Fifth Ambition Conference – 12th November 2019

The Ambition Conference, which takes place in Hoddesdon, is now in its fifth year. Ambition 2019 is an inspirational event for business owners, directors, sales and marketing professionals.

HB’s Keith Grover is once again the Chairman for the event, having chaired the conference organisation in 2018.

Team HB Accountants is delighted to be amongst the sponsors, supporters and participants this year. It will be a fantastic day, so save the date.


Do you avoid these five common mistakes when you’re computing your business profits?

Avoiding common errors when computing business profits

HMRC produce a range of Toolkits for agents, which highlight errors commonly made in returns so that agents can take steps to avoid them. The business profits toolkit provides guidance on errors that are found in relation to business profits for small and medium-sized businesses. They are helpful to anyone computing taxable business profits.

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Is it Time to Get Better Connected? Dates for networking in Hoddesdon, Ware and Hertford

Is it time to get better connected? There are many opportunities to make new business contacts, swap tips and get advice at networking events in Hoddesdon, Ware and Hertford HB Accountants organise the monthly Hoddesdon Networking Breakfast and the quarterly Ladies Business Lunch and newcomers are always made to feel welcome. We also take part in networking events run by other local groups. Why not join us at an HB event or local networking group?

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Tax compliance as HMRC systems get smarter

The Government recognises that the majority of UK taxpayers, individuals and businesses, pay their fair share towards the provision of public services. Where taxpayers try to hide their obligations, HMRC now has a more comprehensive view of finances and is committed to dealing with any non-compliance. So, what information does HMRC know about you and your business?

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Team HB’s Vicki, Amy and Callum skydive for charity

On the 2nd August intrepid members of the Team HB Accountants took part in a skydive challenge. Each person took the plunge from 13,000 feet to freefall at 120mph in support of Teens Unite. This locally based organisation in Broxbourne High Street is one of Team HB’s charity partners and supports young people with cancer and other life limiting illnesses, from diagnosis, through treatment, remission and beyond.

Vicki Foster our Office and Marketing Manager, Callum Morgan, Accountancy Apprentice and Amy Armitage, Tax Manager all took part.


Business inspiration – World Simplicity Day

There’s no doubt that our modern, complex and digitally connected world can be a stressful place to do business. But did you know that Friday 12 July is World Simplicity Day? The team at HB challenge you to take the opportunity to makes small changes that will have a big impact. For example, consider what life might be like if you created space in your working week when you didn’t have to react to phone calls, employee questions and supplier issues, and instead had the scope to think creatively about future plans. Or consider what you might achieve if you could step away from time-consuming tasks like payroll, tax returns and annual accounts and make space in your life for more business development or personal enjoyment.

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Fuel for private use – what do employees pay in tax?

The amount of tax paid by employees on private fuel provided with a company car is now running at a high level based on the cash equivalent of the benefit each tax year. Those with low private mileage may find it’s no longer a benefit. That’s why many employers have put in place different options, such as no longer paying for fuel with company fuel use reclaimed or continuing to pay for fuel but having employees reimburse them for private usage. That way, the employee is not liable for the private fuel tax charge, where this would in all likelihood be higher than the value of the actual fuel used. Should you want advice on policy decisions about employee fuel and the tax implications then we’d be glad to advise you.

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My top accounting tips for Hoddesdon businesses

1.    Make use of technology

Today, businesses have a myriad of resources available to make managing accountancy records convenient and simple. I’d urge businesses to make the most of cloud computing and automation. This is especially valuable now that the Government’s requirement for Making Tax Digital is a reality for the majority of businesses, and flexible working rights have all increased the demand for secure, flexible ‘on-the-move’ cloud-computing solutions.