Smith Newmans

💻 Is Your Business Ready for Making Tax Digital? 🧾 HMRC is pushing for all businesses to make the switch to digital tax submissions, and staying compliant is more important than ever. With deadlines fast approaching, it’s crucial to ensure your systems are set up and ready for the change. We can guide you through the entire transition, from recommending the right software for your business to helping you integrate it seamlessly. If you’d rather leave it to the experts, we can also manage your digital tax submissions for you—so you can focus on running your business. Ready to make the switch? Let’s talk today and ensure you’re fully prepared for Making Tax Digital. #MakingTaxDigital #HMRC #TaxCompliance #DigitalTax #SmithNewmans

With Donald Trump’s return to the presidency, the markets are reacting strongly. The FTSE is up, Bitcoin is soaring, and global stock markets are on the rise. But which sectors are likely to benefit from his policies, and which could struggle? Experts say financials, oil, and defense stocks are set to perform well, while chipmakers and healthcare insurers might face challenges. Which sectors are you keeping an eye on this year? #USPolitics #StockMarket #FinancialNews #SmithNewmans https://buff.ly/4fBdb4I

Did you know that around nine million people in the UK have fallen victim to financial scams over the past year? That's nearly one in five. These scams can take many forms, from fake pensions to misleading debt advice on social media. It's more important than ever to be aware of the warning signs and take steps to protect your hard-earned money. The article below shares valuable tips on how to spot financial scams, including common tricks scammers use and the importance of doing your research before committing to any investment. Read the full article to learn more about protecting yourself from financial scams. https://buff.ly/3Y86S1e #ScamAwareness #ProtectYourMoney #StayInformed #SmithNewmans

If you’re a business owner or director, recent changes to dividend tax rates could affect your income from dividends. In last week’s UK budget, the government announced key changes, including a reduction in the tax-free dividend allowance. This means that more of your dividend income could be taxed, so it’s important to understand how this will impact your finances. It’s a good idea to review your dividend strategy and make any necessary adjustments to stay on top of your tax planning. Not sure how these changes affect you? Our team is here to help. Get in touch with us for guidance on how to prepare for the new tax rules. #DividendTax #TaxChanges #UKBudget #SmithNewmans

The UK Budget was announced last week, marking the first one from the new Labour Government. Chancellor Rachel Reeves emphasised a focus on investment to boost growth. This includes changes to taxes that will impact businesses and individuals alike. The Key points included: 🔵 Increased National Insurance contributions for employers 🔵 A new Corporate Tax Roadmap 🔵 Changes to capital gains tax rates It's important for business owners to stay informed about these changes. Learn more here: https://buff.ly/48AMBGt #UKBudget #BusinessNews #SmithNewmans

Happy Bonfire Night! 🎇🔥 As we gather to celebrate, let's also take a moment to consider our financial future. From tax planning to business accounting, we're here to help you make informed decisions. Stay safe and enjoy the fireworks! #BonfireNight #Accountancy #TaxPlanning #BusinessAdvice #SmithNewmans

Happy Halloween from all of us at Smith Newmans! As the spooky season arrives, we’re here to help you navigate your finances with ease. Let us provide the guidance you need to avoid any financial frights. #Halloween #FinanceWithConfidence #SmithNewmans #SpookySeason #FinancialPlanning

October is ADHD Awareness Month. At Smith Newmans, we're committed to supporting a diverse range of clients and treating all individuals with respect. We recognise the importance of being mindful when engaging with neurodivergent clients. Building strong relationships is key to our approach. Simple gestures, such as meeting clients in person and utilising various communication methods—videos, voice notes, or messaging—can make a significant difference. For more ideas about how we can all support neurodivergent clients and foster inclusivity, read the article below. #ADHDAwarenessMonth #ClientSupport #InclusiveBusiness #SmithNewmans

Looking to save money in your business? Here are some key tips to help you keep more cash in your pocket, along with how our accountancy services at Smith Newmans can support you! 1️⃣ Get expert help: An experienced accountant can help you navigate tax laws and identify deductions you might be missing. This could lead to significant tax savings, putting more money back into your business. 2️⃣ Implement a Budget: Setting a clear budget is essential for tracking your finances. Our team can work with you to create a practical budget that highlights areas where you can cut costs and allocate funds wisely. 3️⃣ Review Your Expenses Regularly: Keep an eye on your spending. We can help you analyse your expenses and identify subscriptions or services that may no longer be necessary. 4️⃣ Embrace Technology: Invest in accounting software that simplifies your financial processes. Our experts can recommend the best tools that save time and reduce errors, leading to cost savings. 5️⃣ Plan for the Future: Having a solid financial plan is crucial. We can assist you in setting financial goals and developing strategies to achieve them, ensuring you're prepared for any surprises down the road. At Smith Newmans, we’re dedicated to helping your business thrive by maximising savings and minimising stress. Get in touch with us today to see how we can help your business manage your finances better. #BusinessSavings #Accountancy #TaxTips #FinancialPlanning #Budgeting

Good news on the inflation front. UK inflation has dropped to 1.7% in September, the lowest it’s been in over three years. This change could lead to more interest rate cuts from the Bank of England soon. Many experts expected inflation to fall below 2%, but the drop was even bigger than anticipated. Services inflation also decreased, which is a positive sign since this sector makes up a big part of the UK economy. While this news may bring some relief, remember that prices are still rising, just at a slower pace. The impact of rising costs is still felt in many households. If the Bank of England cuts interest rates in November, it could help ease financial pressures for consumers. It’s important to stay informed about these changes, as they can affect everything from mortgage rates to state pension payments. Keep an eye on your finances, and consider how these updates might impact you. Don’t forget to follow us on our socials to stay updated on the latest finance news! #UKInflation #BankOfEngland #InterestRates #FinanceNews #CostOfLiving