Finance | Smarties Bookkeeping

Personal tax rates for the 2019/20 tax year

by Alrich Muller | Apr 26, 2019 | Business, Finance

Personal Allowances – If you earn under £100,000, your personal tax free allowance is capped at £12,500.From earnings between £100,000 to £125,000 this figure decreases by £2 for every £1 above the threshold until it reaches zero. If you are married or in a...

Brexit – Update

by Alrich Muller | Apr 3, 2019 | Business, Finance

With Britain’s exit from the EU imminent, we have gathered the important details to prepare your business for this change. The exit was set for the 29thof March 2019 but delays in negotiations and rejection of the withdrawal agreement has pushed the date forward to...

Hiring your first employee – What do you need to do?

by Alrich Muller | Apr 2, 2019 | Business, Finance

When hiring staff, it is important to ensure that you are following the correct procedures and reporting the right information to the HMRC. PAYE – Pay As You Earn PAYE is the HM Revenue and Customs’ (HMRC) system to collect Income Tax and National Insurance from...

Managing the finances of Sports and Social Clubs

by Alrich Muller | Feb 25, 2019 | Business, Finance

Managing your money is an essential part of good club management and although managing the day-to-day finances of your sports club can seem a daunting or tedious task, it’s a vital part of running a reputable and sustainable sports club. We’ve outlined some simple...

Hiring your first employee – What will it really cost?

by Alrich Muller | Feb 25, 2019 | Business, Finance

Making the decision to hire your first employee can feel really daunting, but it marks a big and exciting step in your growing business. Before you make the jump into the world of an employer it is important to fully understand all the associated costs, it isn’t...

Making Tax Digital (MTD)

by Alrich Muller | Feb 20, 2019 | Business, Finance

MTD, get ready for the changes…Part One By now you should be aware that HMRC are rolling out a new initiative to make submitting taxes more efficient and easy for taxpayers, if not, you must have been hiding under a rock this whole time! Making Tax Digital (MTD)...