Welcome to Smarts Bookkeeping

Computerised Bookkeeping (qualified Associate member of Institute of Certified Bookkeepers)

Keen to assist you in your needs and offer a personal and friendly service for Sole Traders, Partnerships and Medium sized businesses

News

For the the Latest News affecting your businesses, read below:

News - Taxation
The standard of VAT is currently 17.5% but will be increased to 20% on the 4th January 2011. For any sales of standard-rated goods or services that you make on or after the 4th January 2011 you must charge VAT at 20%. If you have a cash business and calculate VAT using the VAT fraction you must use the VAT fraction of 1/6th of your standard-rated VAT inclusive sales from 4th January 2011. Ther are no changes to Zero-rated or reduced-rated for VAT. Similarly there are no changes to the VAT exemptions.
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News - Pensions
SPa is changing between 2010 and 2020 Equalisation of SPa As a result of changes brought in by the 1995 Pensions Act, from 6th April 2010 the age at which women reach SPa will gradually rise to become the same as it is for men (65).
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News - Start Ups
Thinking of Starting a Business from Home? With lower start-up costs, more flexible working hours and of course you commute being only a few steps each morning, more and more people are starting their business from their own home. It's not all plain sailing though, and business link have just published a guide to how to get started and avoid the pitfalls...
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News - Payroll
Government changes to The National Minimum Wage Regulations 1999 (Amendment) Regulations 2009 become effective on 1 October 2009. It estimates that nearly one million workers will be affected by these increases.
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