SMH Group

£474 billion. That’s the power of pay.

According to The Chartered Institute of Payroll Professionals (CIPP), the pay industry contributes around £474 billion to the UK economy each year through the collection of Income Tax and National Insurance.

It’s a huge figure, and a reminder that payroll is about far more than producing payslips.

Behind every payroll run are people managing deadlines, legislation, accuracy and the questions that come with paying employees correctly and on time.

For National Payroll Week, we’re proud to recognise our own payroll team and the work they do to support businesses and their employees throughout the year. 👏

Need support with your payroll?

Find out more about our payroll services here:
https://smh.group/payroll/

Proud to continue our support of Rotherham Titans Rugby Club for another season.

SMH Haywoods has sponsored the Titans for a number of years, and we’re pleased to be continuing that relationship as the club heads into the new season.

Our very own, Sharon Webb, joined the squad for this year’s team photo, front and centre with the players.

Wishing everyone at Rotherham Titans the very best for the season ahead. We’re looking forward to following the team throughout the year! 🏉

There’s a lot more behind your payslip than you might think.

This week is National Payroll Week, a chance to recognise the people, knowledge and hard work behind making sure employees across the country are paid accurately and on time.

From calculations and compliance to pensions and ever-changing legislation, payroll plays an essential role in keeping businesses and their people moving.

We’re proud to join The Chartered Institute of Payroll Professionals (CIPP) in celebrating payroll professionals throughout the week. 👏

What does “more” from your accountant actually look like?

At SMH Group, our partner-led team works alongside businesses to understand their financial needs and identify opportunities to make improvements.

With experienced accountants, tax advisers and in-house specialists across the Group, support can extend well beyond one area of your finances.

If you’re reviewing your current accountancy support, find out what more SMH Group could offer your business.

🌐 Explore our Accounting & Business Advisory services:
www.smh.group/accounting-business-advisory

📞 Arrange a free consultation with our team:
www.smh.group/contact

Saving for your first home? The way you do it could be set to change.

The Government has proposed replacing the Lifetime ISA with a new First Time Buyer ISA, with changes to how the government bonus would work and fewer penalties for withdrawing funds for other purposes.

The proposals are still under consultation, and there may be circumstances where a Lifetime ISA remains appropriate.

Our blog looks at what could change and what first-time buyers may want to consider before making any decisions.

🌐 Read the full blog:
www.smh.group/first-time-buyer-isa-to-replace-the-lifetime-isa/

Planning for your first home? Speak to one of our advisers about how your savings fit into your wider financial plans.

📞 Get in touch:
www.smh.group/contact/

Could changes to student loan repayments affect more than just your monthly payslip?

From this month, a 6% interest cap applies to Plan 2 student loans, while further changes to repayment thresholds could also affect graduates over the coming years.

For those balancing mortgages, pensions, savings and other financial commitments, student loan repayments are another factor worth considering as part of the bigger picture.

Our blog looks at what is changing and what it could mean for graduates and their families.

🌐 Read the full blog:
www.smh.group/student-loan-repayment-changes-what-you-need-to-know

If you’d like to understand how this could affect your wider financial plans, speak to one of our advisers.

📞 Get in touch:
www.smh.group/contact

Living with your partner but not married?
Your legal position might not be what you think.

The Government has been consulting on significant changes to the rights of cohabiting couples in England and Wales, including greater protections following separation and when a partner dies without a will.

For now, though, unmarried couples still have far fewer automatic protections than married couples or civil partners.

Our blog looks at what could change, and why it may be worth reviewing the arrangements you currently have in place.

Read more, or speak to one of our advisers for advice on your own circumstances.

🌐 www.smh.group/legal-rights-for-cohabiting-couples-could-be-set-to-change

A quick reminder ahead of the August Bank Holiday weekend.

Our offices are open today, before closing for the weekend and Bank Holiday Monday.

We’ll be back open as normal from Tuesday 1st September.

We hope everyone has a great bank holiday weekend!

Ready to take the next step in your corporate finance career?

We’re looking for a Senior Corporate Finance Manager to join SMH Group, primarily based in Chesterfield with flexibility to work from other offices including Sheffield and Leeds.

This is a senior, hands-on role working across SME and lower mid-market transactions, including business sales, acquisitions, MBOs, fundraising and shareholder exits.

You’ll take responsibility for deal delivery, build trusted relationships with business owners and advisers, support the development of junior team members and contribute to the continued growth of our Corporate Finance team.

We’re looking for someone who is ACA or ACCA qualified, has a strong track record in corporate finance or transaction services, and is comfortable working directly with owner-managed and family-owned businesses.

Find out more and apply:
https://smh.group/vacancy-senior-corporate-finance-manager/

£10,140.23 raised for two fantastic causes. 👏

We’re incredibly pleased to share the final total from this year’s SMH Group Charity Golf Day at Chesterfield Golf Club which took place on Friday 21st August.

Thanks to the generosity of everyone who played, sponsored, donated raffle prizes and supported the day, we raised £10,140.23 for MND Association South Yorkshire and Paces Sheffield.

We’re already looking forward to next year! ⛳