Shopping Cart
Your Cart is Empty
Quantity:
Subtotal
Taxes
Shipping
Total
There was an error with PayPalClick here to try again
CelebrateThank you for your business!You should be receiving an order confirmation from Paypal shortly.Exit Shopping Cart

SFS Accounting

07799 773696

Isle of Wight Accountant

Photo by Debs Allan    www.debsallan.co.uk  

Management Accounts - essential guides for good business decisions

Management accounts are often overlooked by smaller businesses, but they provide vital insights into a business’s performance and provide up to date information to assist with business decisions.

Management accounts give up-to-date financial information about your business allowing you to make informed business decisions and direct the future of your business.

At SFS Accounting we can prepare monthly management accounts for your business tailored to the reports that you would find useful.


1. Profit & Loss Reports with comparisons to prior periods revealing trends allowing you to plan for regular occurrences.

2. Balance Sheets showing you the current assets and liabilities of your business and movement from prior periods. What the business owns and what the business owes.

3. Aged Creditors and Debtors Reports giving detailed information about your payables and receivables

4. Budget Reports giving information about actual v budgeted income/expenses for the period to help you check current performance against expectations and goals.

5. Cash flow forecasts providing an overview of your cashflow and allowing you to plan ahead for known costs.


Please call or email Sam for a quote. 07799 773696 [email protected]

Watch out for HMRC Scams

It could be a scam if it:   

1.     is unexpected,    2.   offers a refund, tax rebate or grant,   3.   asks for personal information like bank details,   4.    is threatening,   5.  tells you to transfer money

You can be sure that HMRC will:

1.   only ever call you asking about a claim or payment on a debt that you already know about,   2. never leave a voicemail threatening legal action,   3.  never give the reason for a call on a voice message

If you receive any communication through WhatsApp claiming to be from HMRC it’s a scam.

SEISS 4th Grant

The online claims service for the fourth grant will be available from late April 2021 until 31 May 2021.

If you are eligible, HMRC will contact you in mid-April to give you your personal claim date. This will be the date that you can make your claim from. See webpage below for further information.

https://www.gov.uk/government/publications/self-employment-income-support-scheme-grant-extension/self-employment-income-support-scheme-grant-extension

New Payroll Rules 2021

From 6 April 2021 HMRC are changing the off-payroll working rules. You can use the link below to check the employment status of yourself or your employees/contractors. The results can be printed and used as evidence to HMRC of determining employment status.

Learn More

Protect yourself from scams

Protect yourself from scams

Stay vigilant about scams, which may mimic government messages as a way of appearing authentic. Search 'scams' on GOV.UK for information on how to recognise genuine HMRC contact. You can also forward suspicious emails claiming to be from HMRC to [email protected] and texts to 60599.

Third grant of the Self-Employment Income Support Scheme (SEISS)

For self-employed clients, the third SEISS grant closes for claims on Friday 29 January. You must claim on or before this date.

Similar to the first and second SEISS grants, the third SEISS grant will also be subject to Income Tax and self-employed National Insurance. Alongside the first and second grants, the third SEISS grant should be reported on your 2020/21 Self Assessment tax returns (filing deadline 31 January 2022).

Where you also claim Universal Credit (UC), the Self-Employed Income Support Scheme grant should be reported to DWP in the month the grant is paid and may affect the amount of UC received.

New 100% government backed loan scheme for small business

• businesses will be able to borrow between £2,000 and £50,000 and access the cash within days

• loans will be interest free for the first 12 months, and businesses can apply online through a short and simple form

The new Bounce Back Loans scheme, announced by the Chancellor, will allow businesses to borrow between £2,000 and £50,000 and access the cash within days. Loans will be interest free for the first 12 months, and from Monday 4 May, businesses can apply online through a short and simple form.

For further information:


For further information

Support for Business during the Covid-19 pandemic ​


Business rates - There will be a one-year business rates holiday for all businesses in England in the retail, hospitality and leisure sector. This change will apply automatically.

£25,000 cash grants for retail, hospitality and leisure - Businesses must have a rateable value between £15,000 and £51,000. Local authorities will write to businesses that meet the criteria.

£10,000 grant for the smallest businesses - Any businesses currently eligible for Small Business Rate Relief (SBBR) or Rural Rate Relief will qualify. Apply for the emergency funding direct from their local Council.

Self-employed Income Support - The Government is to pay self-employed people across the UK a taxable grant worth 80% of their average monthly profit. This will be calculated from up to three years of tax filings (if available), and be capped at £2,500 per month. HMRC will contact eligible taxpayers and tell them how to apply. This will not be available until June 2020.

Tax and VAT bills delayed - Payment of key taxes will be automatically deferred to provide businesses with a further potential source of working capital. You may need to cancel direct debit instructions with your bank if direct debits have been set up to pay taxes.

HMRC Time to Pay service - Struggling businesses and self-employed people can ask HMRC for more time to settle tax bills. Decisions will be made case by case. Call the HMRC dedicated helpline on 0800 0159 559.

Coronavirus Business Interruption Loan Scheme - Individual businesses will be able to apply for loans up to a maximum of £5 million. The Government will pay the interest for 12 months and will guarantee 80% of the loan. Any company with a turnover of up to £45 million can apply.

Coronavirus Job Retention Scheme – The Government will cover 80% of the salaries of workers who remain on payroll but are temporarily not working during the coronavirus outbreak, up to a total of £2,500 a month. Employers will submit claims via an online portal.

Statutory sick pay - Any business with fewer than 250 employees will have the cost of providing 14 days of statutory sick pay (per employee) refunded by the government in full. It will also apply from day one rather than the usual day four of illness — even if individuals have no symptoms.

Universal Credit - Self-employed workers can claim income support if they need to self-isolate.

Hardship fund - A £500 million hardship fund is to be made available through local authorities.

For Isle of Wight Businesses

Pay it Forward Crowdfunder and match-funding by Solent LEP - If you are a micro or small business you could access to up to £2,000 in match funding through the Solent LEP’s Crowdfunder’s Pay it Forward scheme.

For further information:

www.gov.uk/government/collections/financial-support-for-businesses-during-coronavirus-covid-19

solentlep.org.uk/crowdfunding-programme-pay-it-forward

Blog

New employer legislation

Posted on December 17, 2018 at 5:10 AM

Employers - Please be aware of the following new legislation as it applies from today.

The government has introduced what it claims to be the biggest package of workplace reforms for 20 years after concerns that ministers have failed to appeal to voters who are “just about managing”.

Legislation that comes into effect today will ensure:

  • Employers give workers details of their rights from the first day in their job, including eligibility for paid and sick leave
  • Workers are given the right to request more predictable hours
  • Measures will be taken to ensure that seasonal workers get the paid time off they are entitled to
  • Iincreased fines of up to £20,000 for employers who have deliberately victimised their staff


The reforms, outlined by the business secretary Greg Clark, plan to stop the “unfair” use of pay-between-assignment contracts which allow businesses to opt out of equal pay arrangements for agency employees.


 





Categories: None

Post a Comment

Oops!

Oops, you forgot something.

Oops!

The words you entered did not match the given text. Please try again.

970 Comments

Reply jordan 4
4:15 PM on May 28, 2021 
I would like to express my appreciation to you just for bailing me out of this predicament. Because of checking throughout the world-wide-web and getting tricks which are not beneficial, I figured my entire life was well over. Being alive devoid of the solutions to the issues you have fixed by means of your report is a serious case, as well as ones which might have in a wrong way damaged my career if I had not noticed the website. Your main ability and kindness in taking care of all things was tremendous. I am not sure what I would've done if I had not come upon such a subject like this. I'm able to at this time look ahead to my future. Thanks a lot very much for this high quality and amazing help. I will not think twice to recommend the website to any individual who needs direction on this problem.
jordan 4 http://www.jordan4.us.com
Reply bape
3:48 AM on May 29, 2021 
I have to point out my passion for your kind-heartedness supporting individuals who have the need for guidance on your concept. Your very own dedication to getting the solution all around appears to be astonishingly powerful and has allowed guys and women just like me to get to their targets. Your warm and friendly information implies this much to me and far more to my colleagues. Regards; from all of us.
bape http://www.bapes.us.org
Reply stephen curry shoes
8:58 AM on May 29, 2021 
A lot of thanks for all your valuable effort on this web site. Kim really likes going through internet research and it is easy to understand why. All of us hear all regarding the lively manner you produce priceless information via your website and therefore cause contribution from visitors on that situation and my girl is really being taught a lot of things. Take advantage of the rest of the new year. You are performing a really great job.
stephen curry shoes http://www.stephcurryshoes.com
Reply paul george shoes
12:11 PM on May 29, 2021 
I definitely wanted to write down a note so as to say thanks to you for some of the great suggestions you are giving on this site. My prolonged internet investigation has at the end been recognized with brilliant know-how to talk about with my classmates and friends. I 'd declare that we site visitors actually are really fortunate to be in a fabulous site with so many special people with useful things. I feel very much privileged to have encountered your site and look forward to really more enjoyable times reading here. Thanks once more for a lot of things.
paul george shoes http://www.paulgeorge.us.com
Reply yeezy shoes
8:15 AM on May 30, 2021 
I must show thanks to you for rescuing me from such a setting. After looking out throughout the online world and meeting notions which were not pleasant, I assumed my life was over. Living without the presence of strategies to the issues you have sorted out through your good posting is a critical case, as well as those that could have adversely damaged my entire career if I hadn't discovered your blog post. That ability and kindness in touching almost everything was useful. I am not sure what I would have done if I had not encountered such a subject like this. I can at this moment look ahead to my future. Thanks for your time so much for your professional and results-oriented guide. I will not think twice to recommend your web site to any individual who wants and needs guidelines about this situation.
yeezy shoes http://www.yeezy-sneakers.us
Reply kyrie 7
7:50 PM on May 30, 2021 
I would like to show my appreciation to this writer just for rescuing me from this predicament. Right after searching through the world-wide-web and seeing advice which were not productive, I thought my life was done. Being alive devoid of the answers to the problems you've sorted out through the blog post is a crucial case, and the kind which may have in a negative way affected my entire career if I had not encountered your blog. Your main mastery and kindness in dealing with all the pieces was invaluable. I'm not sure what I would have done if I hadn't encountered such a subject like this. I can also now look forward to my future. Thanks a lot very much for the professional and amazing help. I will not be reluctant to propose your web sites to anybody who desires guidance on this topic.
kyrie 7 http://www.kyrie-7.com
Reply golden goose
3:35 AM on May 31, 2021 
I as well as my buddies ended up looking at the best guidelines located on your web site then suddenly developed a horrible feeling I never expressed respect to the web blog owner for them. All the ladies appeared to be so joyful to learn them and now have sincerely been taking advantage of them. Appreciate your truly being very considerate and then for choosing variety of useful things millions of individuals are really wanting to learn about. My very own honest apologies for not expressing gratitude to you sooner.
golden goose http://www.goldengoosessale.com
Reply kyrie 5 spongebob
11:57 PM on May 31, 2021 
Thanks a lot for giving everyone an extraordinarily pleasant possiblity to read from this blog. It is always very pleasant and as well , packed with fun for me and my office co-workers to search your site at least three times weekly to study the latest guidance you have got. And of course, I'm so usually pleased for the magnificent strategies served by you. Some 4 ideas in this post are clearly the finest I have had.
kyrie 5 spongebob http://www.kyrie5spongebob.us
Reply bape
12:43 PM on June 1, 2021 
I just wanted to compose a word to be able to say thanks to you for all of the stunning pointers you are sharing on this site. My time intensive internet search has at the end of the day been honored with reasonable facts and techniques to exchange with my company. I would express that most of us site visitors are rather lucky to dwell in a really good website with many wonderful people with beneficial basics. I feel very grateful to have discovered your web pages and look forward to tons of more fabulous moments reading here. Thanks once more for a lot of things.
bape http://www.bapehoodie.us
Reply supreme
5:34 PM on June 1, 2021 
I in addition to my friends came looking through the great techniques on your web blog then all of a sudden got a terrible feeling I had not thanked the website owner for those tips. These ladies are already certainly glad to read through all of them and have pretty much been making the most of those things. Appreciate your truly being considerably thoughtful as well as for picking this form of very good subjects most people are really desperate to understand about. My personal honest regret for not expressing appreciation to you sooner.
supreme http://www.supremes.us.org
Reply bape clothing
8:03 PM on June 1, 2021 
I together with my guys came examining the nice recommendations from your web blog and so before long developed a terrible feeling I had not expressed respect to you for those secrets. My guys are actually thrilled to read through all of them and have absolutely been making the most of them. I appreciate you for truly being very kind as well as for deciding on variety of terrific resources most people are really desperate to be informed on. Our own honest apologies for not expressing gratitude to you earlier.
bape clothing http://www.bape-clothing.us
Reply golden goose
6:54 PM on June 2, 2021 
My wife and i felt really more than happy that Ervin could finish up his investigation from your precious recommendations he received out of your web site. It is now and again perplexing to simply continually be handing out thoughts which usually some people have been selling. So we know we have got the website owner to be grateful to for this. The explanations you have made, the simple web site navigation, the friendships your site make it easier to instill - it is most unbelievable, and it's really making our son in addition to us feel that this concept is satisfying, which is exceptionally vital. Thanks for everything!
golden goose http://www.goldengoosessale.com
Reply moncler jackets
7:30 AM on June 3, 2021 
I am commenting to let you understand of the cool discovery my wife's daughter undergone viewing your webblog. She noticed a lot of issues, not to mention what it's like to possess a great coaching heart to make the rest without hassle have an understanding of several impossible subject areas. You undoubtedly surpassed readers' expectations. Many thanks for distributing such practical, healthy, informative and also cool tips on the topic to Tanya.
moncler jackets http://www.monclerjackets.us
Reply giannis antetokounmpo shoes
2:04 PM on June 3, 2021 
My wife and i have been really glad that Ervin could conclude his researching out of the precious recommendations he was given while using the web site. It is now and again perplexing to simply continually be making a gift of guidance which usually many others could have been trying to sell. And we understand we have the writer to thank because of that. These explanations you've made, the straightforward website menu, the relationships you assist to engender - it's most remarkable, and it's making our son in addition to us consider that this concept is cool, and that is wonderfully pressing. Many thanks for all the pieces!
giannis antetokounmpo shoes http://www.giannisantetokounmposhoes.us
Reply kobe shoes
4:36 PM on June 3, 2021 
A lot of thanks for all your valuable effort on this website. Kim enjoys managing investigation and it is simple to grasp why. Almost all notice all about the powerful way you give insightful information on this web blog and in addition boost contribution from other individuals on the subject matter so my princess is really learning so much. Have fun with the rest of the new year. You have been performing a glorious job.
kobe shoes http://www.kobesneakers.com
Reply moncler
3:33 PM on June 4, 2021 
I would like to voice my love for your generosity giving support to those who actually need help on the area. Your special dedication to passing the message across became remarkably informative and have regularly enabled some individuals like me to attain their goals. This invaluable tips and hints denotes much a person like me and further more to my fellow workers. Thanks a ton; from everyone of us.
moncler http://www.monclercoat.us.com
Reply kevin durant shoes
2:52 AM on June 5, 2021 
I not to mention my buddies have already been analyzing the excellent thoughts from your web page then instantly developed a terrible feeling I never thanked the blog owner for them. My people had been totally passionate to see them and have now in actuality been using them. I appreciate you for genuinely so thoughtful and for finding this sort of outstanding ideas most people are really wanting to be informed on. My very own sincere apologies for not saying thanks to earlier.
kevin durant shoes http://www.kevindurant-shoes.us.com
Reply kd shoes
8:04 AM on June 5, 2021 
I truly wanted to write a word to express gratitude to you for all of the stunning concepts you are writing at this website. My extended internet research has at the end been recognized with professional content to write about with my close friends. I 'd claim that we site visitors are very endowed to be in a really good place with many marvellous people with very beneficial pointers. I feel quite happy to have seen your website page and look forward to some more exciting minutes reading here. Thank you once more for a lot of things.
kd shoes http://www.kd-shoes.us
Reply off white
11:38 AM on June 5, 2021 
I must voice my appreciation for your generosity in support of visitors who actually need guidance on this concept. Your personal dedication to passing the message along became rather beneficial and has in most cases enabled guys and women just like me to attain their dreams. This informative report signifies this much to me and additionally to my office colleagues. Thanks a lot; from everyone of us.
off white http://www.offwhiteoutlet.us.org
Reply curry 8
11:39 AM on June 5, 2021 
I am also writing to make you understand what a perfect experience my wife's child had viewing your blog. She mastered many pieces, with the inclusion of what it is like to possess an ideal giving mindset to let many people without hassle know precisely specific extremely tough subject areas. You actually exceeded readers' desires. Many thanks for showing the great, trusted, educational and as well as unique guidance on that topic to Lizeth.
curry 8 http://www.curry8shoes.us
0