HB are Celebrating: Hertfordshire Chamber of Commerce Inspiring Herts 2022 Awards Finalists

We are feeling a little bit excited about Hertfordshire Chamber of Commerce’s latest annoucement. HB Accountants are finalists in the Inspiring Herts 2022 Awards!! And we are finalists in not just one category, we are finalists in two Inspiring Herts 2022 Awards categories – a fabulous reason to celebrate!!

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VAT: Has HMRC contacted your businesses about VAT?

Some non-VAT registered businesses have recently received letters from HMRC claiming that they are trading above the VAT threshold. Any business that has received such a letter needs to act quickly. They should share the letter with their tax agent/accountant then work together to review the rolling 12-month turnover figures.

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Have you missed the tax return deadline of 31 January 2022?

The 2020-2021 tax year runs from April ’20 to April ’21, the last date for submitting returns for those who do self-assessment was 31st January 2022 – this is referred to as the tax return deadline. Will you find yourself in trouble with HMRC if you didn’t submit your return in time, along with any tax you owe?

Here’s what you need to know…

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How does the Autumn Budget 2021 impact on you and your business? Find out here

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 below

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Planning For Growth

Welcome to our new series of blogs that will help organisations and businesses of all sizes with PLANNING FOR GROWTH.

After the roller coaster 18-months of lockdowns, openings and for some, a reduced customer base, it’s time to refocus our energies on growth. Over the next few months, we will write a number of blogs on this topic. They will be packed full of guidance and tips that will help your business flourish. Featuring ways to streamline your processes, that will prompt you to review your activities, as well as offering invaluable advice.

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Why your business deserves a great audit and how to find a great auditor!

A great audit delivers an objective assessment of your business accounts and your current business circumstances. When your audit gives you peace of mind from knowing your financial reporting is accurate, you have robust internal controls and are aware of and have minimised potential fraud, it’s a great audit.

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7 Reasons why producing Management Accounts will help grow your business

Do you want to be in greater control of your business? Make decisions based on facts such as when you typically increase sales and, therefore, need to employ more sales people or to change tack and boost your marketing spend in a particular sector, for instance. The answer is a set of accounts that is not required by law and does not have to be filed with HMRC – known as management accounts, these are numbers that give you a true picture of your business and will put you in greater control of your business than ever before.

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Cash is King – Here’s how to generate cash right now

Covid-19 has hit many businesses hard. Many of us are working long hours to keep solvent: others are failing through no fault of their own, whilst a few are flying. The reason is simple: As a nation, we were not spending during lockdown. This means limited or non existent cash flow for impacted businesses.

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