You currently have JavaScript disabled. This site requires JavaScript to be enabled. Some functions of the site may not be usable or the site may not look correct until you enable JavaScript. You can enable JavaScript by following this tutorial. Once JavaScript is enabled, this message will be removed.

Why choose HGH?

Business Advice General

5% reduced VAT rate for hospitality increasing on 1 October

Posted: 22nd Sep 2021 by Clair Watmore Blog

From 1 October 2021 to 31 March 2022, the temporary reduced VAT rate for the hospitality sector will be increased from 5% to 12.5% and will then end so that affected supplies revert to 20% VAT from 1 April 2022. VAT registered businesses in the hospitality industry will need to ensure that their tills and… Read more

How will the National Insurance and dividend tax increases affect me?

Posted: 10th Sep 2021 by Clair Watmore Blog

To help pay for the growing costs of health and social care, the Prime Minister Boris Johnson has announced a 1.25 percentage point increase to National Insurance and dividend tax from April next year.  Despite manifesto pledges not to raise National Insurance, the Government has said the unforeseen impact of the pandemic meant it faced… Read more

130% Super-Deduction Scheme: How Does Work?

Posted: 9th Aug 2021 by Clair Watmore Blog

The super-deduction £25bn tax break, announced earlier in the year by the Government, is intended to spur investment by providing 25p off company tax bills for every pound of qualifying spending on plant and machinery. What is it? Companies purchasing new and unused qualifying plant and machinery now qualify for a Super Deduction of 130%… Read more

Electric cards and vans: why switching could be beneficial

Posted: 19th May 2021 by Robert Salenius Blog

Electric vehicles are not only cheaper to run day-to-day – there are funding and tax incentives that come with switching to 100% electric vehicles. Companies that equip themselves with electric vehicles enjoy significant cost savings. So, becoming more sustainable not only makes sense from an ethical point of view; it is also a smart business… Read more

Working from home tax relief – claims required

Posted: 14th May 2021 by Clair Watmore Blog

Employees working from home due to the coronavirus pandemic can continue to claim tax relief on costs not reimbursed by their employer, but a new claim will need to be made for the 2021/22 tax year, HMRC has confirmed. How does it work? Normally, employers can pay a tax-free allowance of up to £6 per… Read more

Capture it to maximise it

Posted: 11th May 2021 by Clair Watmore Blog

Most business owners accept how important their intangible assets are to their company’s success – their brand, their customers’ loyalty, internal processes, systems and know-how are all crucial elements which contribute to value, even if they aren’t usually included as specific figures on the balance sheet of the financial statements. However, because these assets aren’t… Read more

Finance Focus Yorkshire Webcast

Posted: 27th Apr 2021 by Clair Watmore HGH's News

We recently joined forces with Mole Valley Asset Management to provide a community-focused investment and business advice package to local businesses and individuals. If you would like to find out more, read this article. As part of this partnership, we will be bringing you a series of webcasts. These showcase fantastic Yorkshire businesses, along with providing helpful tips… Read more

Using insurance products to protect your cashflow

Posted: 12th Apr 2021 by Clair Watmore Blog

There are few things as annoying in business than the elation of winning some work, the pride of delivering your product to your customer and then the growing frustration as you realise that your customer may not actually pay you. As the pandemic has shown some businesses to have far more resilience than others, the… Read more

Help to grow scheme: how to apply

Posted: 9th Apr 2021 by Clair Watmore Blog

As part of the 2021 Budget, the Government announced a £520m “Help to Grow” scheme, to help small and medium sized businesses (SMEs) across the UK. The scheme will provide eligible companies with digital and management support and training to help them innovate and grow. There are two components to the scheme: Help to Grow: Management:… Read more

Business Focus: Yorkshire Webcast

Posted: 30th Mar 2021 by Clair Watmore HGH's News

We recently joined forces with Mole Valley Asset Management to provide a community-focused investment and business advice package to local businesses and individuals. If you would like to find out more, read this article. As part of this partnership, we will be bringing you a series of webcasts. These showcase fantastic Yorkshire businesses, along with providing helpful tips… Read more