What is the Statutory Sick Pay Rebate Scheme?
In order to support employers facing heightened levels of COVID-related sickness, the Government is reintroducing the Statutory Sick Pay Rebate Scheme (SSPRS). How will the scheme work? From mid-January, small and medium-sized employers will be able to claim for COVID-related statutory sick pay costs, occurring from 21st December 2021 onwards, for up to two weeks […]
A Warm Welcome To Our New Director, Simon Turner.
At HB&O, it’s our people who really make us special. This week we sat down with Simon Turner, who joins us as a Director, to find out more about himself and what he hopes to achieve at HB&O… When did you begin your career in accountancy, and was it a profession that you always […]
Autumn 2021 Budget Report
On 27th October 2021, the Chancellor presented the Autumn 2021 Budget Report. In his speech he set out the plans to “build back better” with ambitions to level up and reduce regional inequality. We’ve summarised the key announcements below. Tax measures include: a new temporary business rates relief in England for eligible retail, hospitality […]
Changes to the temporary VAT rate for tourism and hospitality – what happens next and how you can make a VAT saving
What is the reduced rate of VAT? Last year, the Government introduced a temporary reduced rate of VAT to supplies of catering, holiday accommodation and admission to attractions (see our blog post on VAT reduction for hospitality). The reduced rate of 5% therefore applies the tourism and hospitality sector with effect from 15th July 2020. […]
Supporting your business as furlough ends
1 in 16 firms have said they’re at risk of closure due to Covid-19. Careful financial planning is crucial to mitigate the damage the pandemic has caused. Former prime minister Gordon Brown recently said that ‘a new job crisis point is approaching as furlough ends’. While this claim’s validity remains to be seen, what is […]
Understanding Annual Investment Allowance & Super Deduction
Changes to the annual investment allowance and the introduction of the super-deduction tax policy have had a big impact on tax allowances. Keep up to date here! The annual investment allowance (AIA) increase has been a blessing for many businesses when looking to weather the pandemic. If you’re unfamiliar, the AIA is a tax relief […]
We’ve got a new website!
After months of hard work, we are so pleased to welcome you to our new website. We’ve simplified the whole experience, making it easier for you to find the information you need as well as find out more about the full range of services that we offer. Our Knowledge Hub will be an integral part of our […]
