S Smith & Co Accountants

S Smith & Co Accountants We tailor our service to meet your business needs, by offering a wide range of services.

We are a forwarding thinking team of accountants, supporting many individuals, small and large businesses in the local community and across the wider North Lincolnshire area. We pride ourselves on our exceptional personal service, we will speak to you openly and honestly and promise not to over complicate things for you.

📣 Making Tax Digital… explained simply!HMRC is changing the way many businesses and landlords keep tax records and submi...
01/06/2026

📣 Making Tax Digital… explained simply!

HMRC is changing the way many businesses and landlords keep tax records and submit returns 💻

Under Making Tax Digital (MTD), you need to:
✅ Keep digital records
✅ Use compatible software
✅ Submit updates to HMRC electronically

MTD for Income Tax is due to apply from:
📅 April 2026 for self-employed individuals and landlords with qualifying income over £50,000
📅 April 2027 for those earning over £30,000

Not sure if it affects you? We can help you prepare and stay compliant ✔️

📩 Get in touch with our team today.

Happy National Biscuit Day🍪Here at the office, we all enjoy a biscuit alongside a cup of tea or coffee! To celebrate, we...
29/05/2026

Happy National Biscuit Day🍪

Here at the office, we all enjoy a biscuit alongside a cup of tea or coffee! To celebrate, we asked the team what their favourites are:

Natalie: Fox’s Chocolate Rounds
Claire: Chocolate Digestive
Annabel: Fox’s Milk Chocolate Viennese
Grace: Chocolate Hobnob
Clare: Chocolate Hobnob
…..
Emma: JAFFA CAKE?!

But that brings us to the real debate… is a Jaffa Cake a biscuit or a cake? 🤔

🚶‍♀️🌿 It’s Walk to Work Month!This May, we’re encouraging small changes that can make a big difference, whether that’s g...
27/05/2026

🚶‍♀️🌿 It’s Walk to Work Month!

This May, we’re encouraging small changes that can make a big difference, whether that’s getting some fresh air, moving more, or swapping the car for a morning walk ☀️👟

Natalie walked to work last week and enjoyed a great start to the morning before the busy day ahead!

Walking to work can help:
✔️ Boost your mood
✔️ Increase daily movement
✔️ Reduce stress
✔️ Cut down on travel costs

Even a short walk can make a difference 💜

Have you taken part in Walk to Work Month this May? If not, you still have a few days to get involved!

New headshots, new team photos and a few new faces too 📸💜We recently updated our team photos at the office and discovere...
22/05/2026

New headshots, new team photos and a few new faces too 📸💜

We recently updated our team photos at the office and discovered we might have missed our calling😉

A little refresh for the website and socials, here’s a behind the scenes look at picture day!

Keep your eyes peeled on our socials over the next few weeks as we introduce some of the new faces joining the team 👀 

It’s National Numeracy Day 📊Being confident with numbers is an important part of running a business.From understanding c...
20/05/2026

It’s National Numeracy Day 📊

Being confident with numbers is an important part of running a business.

From understanding cash flow to making informed decisions, having a clear grasp of your figures can make all the difference.

If numbers feel overwhelming, you’re not alone, but with the right support and tools, they don’t have to be. We’re always here to talk things through and make sure you understand what the figures mean for your business.

This National Numeracy Day, it’s a great time to take control of your finances and build confidence in your numbers.

HMRC has launched a new Tax Confident website designed to help people fill their tax knowledge gaps. 💡From retirement pl...
18/05/2026

HMRC has launched a new Tax Confident website designed to help people fill their tax knowledge gaps. 💡

From retirement planning to running a small business, it’s built around real-life situations to help close common tax knowledge gaps. 🎯📊

With clear explanations, videos, and practical examples, it’s a step towards making tax feel less overwhelming.

We’ll detail the link in the comments.

Do you need an Independent Examination of your accounts? 🧾✔️Many organisations, particularly charities and smaller not-f...
15/05/2026

Do you need an Independent Examination of your accounts? 🧾✔️

Many organisations, particularly charities and smaller not-for-profits, are required to have their accounts independently examined before they are approved.

An Independent Examination provides an external review of your financial records, ensuring they are accurate and appropriately prepared, with an Independent Examiner’s Report issued on completion.

If you require an Independent Examination, please get in touch to arrange a free initial meeting. 🤝

Today we’re wearing green in support of Mental Health Awareness Week 💚Mental health can affect us all, in different ways...
14/05/2026

Today we’re wearing green in support of Mental Health Awareness Week 💚

Mental health can affect us all, in different ways, at different times. Taking a moment to check in with yourself, or reaching out to someone else, can make a real difference.

Whether it’s a conversation, a small act of kindness, or just being there to listen, it all counts.

Let’s keep the conversation going, today and every day.

Selling a property? 🏠 You could be required to complete a Capital Gains Tax return.A CGT return may arise when you dispo...
11/05/2026

Selling a property? 🏠 You could be required to complete a Capital Gains Tax return.

A CGT return may arise when you dispose of a property that has increased in value and has not been used solely as your main residence throughout ownership.

Most people selling a second property or a buy-to-let are aware of this requirement. However, it can sometimes be missed where a property was previously rented out, even if it is now your main and only home because even where reliefs are available, there can still be a reporting requirement.

If you’re unsure, it’s always best to seek advice before or after selling to avoid any unexpected issues. 📊

Are you a sole trader using your personal bank account for business? 🏦💼It might seem easier, but mixing personal and bus...
08/05/2026

Are you a sole trader using your personal bank account for business? 🏦💼

It might seem easier, but mixing personal and business transactions can make bookkeeping more time-consuming and harder to manage.

Having a separate business account gives you a clearer view of your income and expenses, keeps your records organised, and makes things much simpler at year end.

It’s worth considering!

Address

4 Ashby Road
Scunthorpe
DN161NR

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

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