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?

Blog

Financial advice provides £47,000 wealth uplift in a decade

Posted: 4th Dec 2019 by Hunter Gee Holroyd Independent Financial Adviser, Pensions, Retirement, Wealth Management

Would you prefer to be £47,000 better off in the next 10 years? The figure comes from recent analysis by Royal London and the International Longevity Centre (ILC). The research analysed the wealth of thousands of individuals and found that typically those who use professional advice had an extra £31,000 of pension wealth and £16,000… Read more

Time saving accounting tips for small businesses

Posted: 3rd Dec 2019 by Hunter Gee Holroyd Business Advice General, Taxation

If you’re starting a business, then you’ll need to become familiar with at least a few bookkeeping and accounting basics. We talk you through the main tasks, some time-saving tricks, and explain where we fit in. What is accounting? Accounting is concerned with tracking money as it comes and goes from a business. Some of… Read more

Benefits in kind: Everything you need to know

Posted: 25th Oct 2019 by Hunter Gee Holroyd Business Advice General, Taxation

Benefits in kind…what does it actually mean and is it worth investing time and money in? Well, benefits in kind, or “perks” is separate to salary or wages. Commonly these include company cars, childcare vouchers, health insurance, company credit cards, pension schemes, cycle to work schemes, gym memberships, or any vouchers given by employers. If… Read more

10 questions to help your business prepare for Brexit

Posted: 10th Oct 2019 by Hunter Gee Holroyd Brexit, Business Advice General

The Institute of Chartered Accountants in England and Wales (ICAEW) have published a quick-start guide, which outlines a variety of areas that could impact your business, to help you prepare for Brexit. While there is still no certainty around what Brexit will mean, businesses that sell to and buy from the EU need to have… Read more

Crisis Planning: How to reduce the domino effect

Posted: 25th Sep 2019 by Hunter Gee Holroyd Business Advice General, Corporate Finance

When multinational companies fail, inevitably the headlines are numerous as the devastating consequences for its employees are recognised. However, there is another group of stakeholders who will also suffer, their trade creditors.  Whilst it is probably assumed that the largest companies don’t trade with smaller owner-managed business directly, the supply chain further down the line… Read more

Business structures: what’s the right option for you?

Posted: 18th Sep 2019 by Hunter Gee Holroyd Business Advice General, Making Tax Digital

Types of business structure When first thinking about how to start a business, not many people worry about structure. But your business structure can affect how you’re treated by the government and by the law. Here are some of the ins and outs. Business structures and their effects The main types of business structure are… Read more

Pricing methods and COGS are key to profitability

Posted: 10th Sep 2019 by Hunter Gee Holroyd Business Advice General

Pricing and the cost of goods sold Setting prices is one of the most important things you’ll do as a new business owner. A lot of factors play into the value you put on your products or services. But none is more important than covering your costs. The first rule of price setting Not every… Read more

Four sales forecasting methods for new businesses

Posted: 19th Aug 2019 by Hunter Gee Holroyd Business Advice General, Cloud Accounting

Forecasting sales can seem like guesswork. There are a lot of estimates, and those estimates are often based on assumptions. But you can approach it scientifically. Here’s how. What is forecasting in business? Forecasting goes hand-in-hand with budgeting to help you predict the financial outlook of your business. You start by estimating income (sales) and… Read more

Relief from VAT on bad debts

Posted: 12th Aug 2019 by Robert Salenius Taxation

VAT bad debt relief allows businesses that have made supplies on which they have accounted for and paid VAT but for which they have not received payment to claim a refund of the VAT. It is quite possible within the VAT system for a business to be in the position of having to pay over… Read more

Budgeting and forecasting for small business

Posted: 6th Aug 2019 by Hunter Gee Holroyd Business Advice General, Cloud Accounting

Starting a business is a big financial decision. Before you get going, you’ll want to estimate how much money it will go through, and how much it will make. Welcome to the world of budgeting and forecasting. What is a business budget? Budgets show how money will come and go from your business over a… Read more