Smith Newmans

Happy New Year from all of us at Smith Newmans! As we step into 2025, we want to express our heartfelt thanks for your continued trust and support. It’s been a pleasure working with you, and we’re excited for what the new year has in store. Here’s to new opportunities, fresh beginnings, and another year of growth, success, and collaboration. Wishing you a prosperous and fulfilling year ahead, both personally and professionally! Let’s make 2025 our best year yet! #HappyNewYear #NewYear2025 #CheersTo2025 #NewBeginnings #SmithNewmans

Merry Christmas from all of us at Smith Newmans! As the year comes to a close, we’d like to take a moment to thank you for your continued support. It's been a pleasure working together, and we truly appreciate the trust you've placed in us. We wish you a joyful and peaceful holiday season, filled with time to relax and enjoy the company of those you hold dear. May this festive season bring warmth, happiness, and special memories. Enjoy the holidays, and we look forward to connecting with you again in the new year! #MerryChristmas #HappyHolidays #FestiveSeason #ChristmasWishes #HolidaySpirit

AI is set to impact key areas of tax, including data management, compliance, accounting, and planning. Here's how: Data Management – AI can sort, clean, and analyse vast amounts of data faster and more accurately than humans, making tax and finance data easier to use for decision-making. Compliance – AI helps companies keep up with ever-changing tax laws by spotting irregularities in real-time and ensuring compliance across borders. Accounting – AI automates routine tasks like data entry and invoice processing, freeing up time for more valuable work and boosting productivity. Planning – AI’s forecasting models help companies navigate long-term trends and tax risks, offering proactive recommendations to optimise tax strategies. AI has the possbility to help tax leaders make smarter, more informed decisions while reducing their workload. What are your thoughts around how AI will help tax and accounting? #ArtificialIntelligence #TaxTech #AIinTax #DataManagement #TaxCompliance

5 Key Things to Review with Your Accountant This Year As the year wraps up, it’s a good time to review your business’s performance. Here are five key areas to discuss with your accountant: Profit and Loss – How much did your business make or lose this year? Cash Flow – Do you have enough cash to cover day-to-day expenses? Tax Liabilities – Are you on track with what you owe to HMRC? Business Expenses – Have you claimed everything you’re entitled to? Debt and Loans – What’s your current situation with any borrowed money? Taking time to review these areas helps you understand how your business is doing and plan for the year ahead. If you have any questions, we’re here to help! #BusinessReview #AccountingTips #YearEndReview #TaxPlanning #BusinessGrowth

HMRC Issues Warning for Savers: Know the £10,000 Limit HMRC has clarified that if you earn more than £10,000 in dividends or savings interest, you’ll need to complete a self-assessment tax return. 📊 For ISA savers, good news – interest earned is tax-free up to £20,000. Also, if you're using Premium Bonds, remember that the prize fund rate is dropping next month, so consider other options like high-interest savings accounts or Cash ISAs for more predictable returns. Stay informed and make sure your savings are working for you – with no surprises! #HMRC #TaxTips #SaversAlert #ISA #PremiumBonds #TaxReturn

Our office will close at 1 PM on Tuesday, 24th December 2024, and reopen at 9 AM on Thursday, 2nd January 2025. We’d like to wish you a very Merry Christmas and a Happy New Year! Thank you for your continued support. This year, instead of sending Christmas cards, we’re making a donation to Second Chance Animal Rescue Centre in Southampton. They do amazing work caring for unwanted and stray animals until they find their forever homes. From all of us at Smith Newmans, we hope you have a joyful festive season! #ChristmasHours #HolidayClosure #FestiveSeason #MerryChristmas #HappyNewYear

Many parents avoid talking about money with their kids. Why? Research shows it’s often because they feel unqualified to give advice. A recent survey found that 85% of parents worry about passing on bad financial habits. Many lack confidence in their own money management, including investing and budgeting, which makes it harder to discuss these topics with their children. But avoiding these conversations can do more harm than good. Finance expert Tayo Oguntonade suggests that early money talks can set kids up for a better financial future. It's never too late to start! By learning and talking about finances together, you can help your children feel more confident and prepared. #MoneyTalks #FinancialLiteracy #ParentingTips #FinancialEducation #TeachYourKids

Recording expenses has never been easier! With top accounting software like Hubdoc, Xero, and QuickBooks, you can simply snap a picture of your receipts using your phone and upload them directly to your accounts. No more piles of paper or lost reciepts. It’s quick, simple, and helps keep your finances organised. If you need help managing your business accounting and expenses, speak to Smith Newmans today. Our expert team is here to guide you through the process and ensure your finances are always in order. #BusinessTips #AccountingMadeEasy #FinanceTips #StayOrganised #SmithNewmans

As the self-assessment deadline approaches (January 31, 2025), HMRC is warning everyone to be extra cautious about scams. Fraudsters are targeting people with fake tax refund offers or demanding payments to steal personal and financial information. Remember, HMRC will NEVER ask for your personal details via text or phone call. Always take your time, check official advice on https://www.gov.uk, and report any suspicious messages. Stay vigilant and protect yourself from these scams. For tips on how to spot and report scams, visit the HMRC website. #TaxSeason #ScamAlert #HMRC #StaySafe #SelfAssessment #SmithNewmans

Is your business struggling to keep your books in order? Managing day-to-day bookkeeping can be overwhelming and time-consuming. Let us take the stress off your hands. We’ll ensure accuracy, compliance, and peace of mind, so you can focus on what matters most—growing your business. Get in touch with our team today to find out how we can help! #Bookkeeping #SmallBusinessSupport #BusinessGrowth #FinancialManagement #StayOrganised #SmithNewmans