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

FMAAT

Posted on October 27, 2017 at 4:30 AM

Very proud to announce I have today been awarded Fellow Membership of AAT :)

Categories: None

Post a Comment

Oops!

Oops, you forgot something.

Oops!

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

150 Comments

Reply lebron james shoes
12:23 PM on May 30, 2021 
I am just commenting to make you be aware of what a excellent experience my friend's child obtained reading through your web page. She even learned a good number of details, which included what it is like to possess an ideal teaching mindset to let many others with ease grasp various very confusing issues. You undoubtedly did more than her desires. Thank you for rendering the beneficial, dependable, edifying and also fun tips about this topic to Mary.
lebron james shoes http://www.lebronjames-shoes.us.com
Reply golden goose outlet
9:02 AM on May 31, 2021 
My spouse and i ended up being quite joyful Emmanuel could complete his web research by way of the ideas he grabbed out of your weblog. It is now and again perplexing to simply continually be handing out helpful hints which many others may have been making money from. And now we fully grasp we have you to thank because of that. Those illustrations you have made, the straightforward blog menu, the friendships you will make it easier to engender - it's got most sensational, and it is leading our son in addition to our family feel that that article is cool, which is certainly incredibly essential. Thank you for the whole lot!
golden goose outlet http://www.goldengooseoutletstore.com
Reply nike lebron shoes
11:29 AM on May 31, 2021 
I would like to show some appreciation to you for rescuing me from such a trouble. Because of surfing through the search engines and coming across concepts that were not powerful, I figured my entire life was done. Living without the strategies to the problems you have solved all through your blog post is a crucial case, as well as the kind that would have adversely damaged my entire career if I had not come across your blog post. Your ability and kindness in playing with every item was priceless. I don't know what I would've done if I hadn't come across such a step like this. I can also at this time look ahead to my future. Thanks for your time very much for this expert and sensible help. I won't think twice to recommend your web site to any individual who requires counselling on this topic.
nike lebron shoes http://www.lebron17s.us
Reply golden goose
3:46 AM on June 1, 2021 
I am just writing to make you understand what a excellent discovery my friend's child found visiting the blog. She figured out such a lot of details, most notably what it is like to possess an excellent helping heart to make other folks really easily thoroughly grasp chosen grueling things. You truly exceeded our desires. Thanks for giving the essential, dependable, explanatory and also unique guidance on your topic to Kate.
golden goose http://www.goldengooseoutletonline.us.com
Reply jordan 12
1:32 AM on June 2, 2021 
I and my guys were actually taking note of the excellent pointers on your website and so the sudden came up with a terrible suspicion I never thanked the website owner for those tips. All the men were definitely as a consequence warmed to read them and have in effect unquestionably been enjoying them. We appreciate you turning out to be well helpful and also for using these kinds of excellent tips most people are really needing to know about. Our own honest apologies for not expressing appreciation to earlier.
jordan 12 http://www.jordan12.us.com
Reply lebron james shoes
3:51 AM on June 2, 2021 
I as well as my friends appeared to be going through the nice suggestions located on your web site and so immediately got a terrible suspicion I had not expressed respect to the web site owner for those techniques. Those people appeared to be for this reason happy to study all of them and have now clearly been tapping into those things. Appreciation for actually being simply accommodating and then for settling on certain superior subject matter most people are really needing to be aware of. Our honest regret for not expressing appreciation to sooner.
lebron james shoes http://www.lebronjames-shoes.us.com
Reply supreme hoodie
10:39 PM on June 2, 2021 
I in addition to my pals happened to be reading the nice thoughts found on your web page and then then developed a terrible suspicion I never expressed respect to the blog owner for those strategies. Those men came so warmed to read them and now have certainly been making the most of these things. Appreciation for getting indeed kind and also for opting for certain quality subject areas most people are really needing to discover. Our own sincere regret for not expressing gratitude to you sooner.
supreme hoodie http://www.supremeshoodie.com
Reply supreme
9:54 PM on June 3, 2021 
My wife and i have been glad when Albert managed to deal with his survey from the ideas he made from your blog. It is now and again perplexing to simply happen to be offering tricks which most people have been trying to sell. And we also fully understand we have you to be grateful to for that. These explanations you've made, the straightforward blog navigation, the relationships you can give support to instill - it's got all incredible, and it is helping our son in addition to our family reason why that situation is brilliant, and that is seriously vital. Thanks for the whole thing!
supreme http://www.supremeclothing.us.org
Reply curry shoes
12:06 AM on June 4, 2021 
My husband and i were now thrilled Ervin managed to finish off his basic research with the ideas he grabbed from your web pages. It's not at all simplistic to just possibly be giving freely information which people today have been making money from. We really do know we need you to give thanks to for this. Most of the explanations you made, the simple site navigation, the relationships you assist to engender - it is all astonishing, and it's really aiding our son in addition to our family do think this idea is awesome, which is really essential. Thanks for all the pieces!
curry shoes http://www.curry7shoes.us
Reply nike kyrie 5
6:56 PM on June 4, 2021 
A lot of thanks for your own effort on this web page. My mum really likes working on investigation and it's easy to understand why. All of us learn all regarding the dynamic method you offer functional tactics by means of your blog and as well recommend response from visitors on the idea then my daughter is certainly understanding so much. Enjoy the rest of the year. You're performing a powerful job.
nike kyrie 5 http://www.kyrie5.org
Reply kyrie 4
6:02 PM on June 5, 2021 
I wanted to construct a comment to be able to appreciate you for those pleasant advice you are posting on this site. My time-consuming internet lookup has finally been compensated with pleasant insight to share with my pals. I would point out that we site visitors are rather blessed to be in a magnificent website with very many brilliant professionals with good concepts. I feel extremely lucky to have encountered your entire weblog and look forward to plenty of more entertaining moments reading here. Thanks a lot again for all the details.
kyrie 4 http://www.kyrie4shoes.us
Reply nike lebron 16
8:05 PM on June 5, 2021 
A lot of thanks for all of the hard work on this web page. My mother really loves engaging in investigations and it's easy to see why. My partner and i learn all concerning the compelling ways you deliver priceless information via this web blog and even inspire response from people on that idea while my child is truly becoming educated a lot. Enjoy the remaining portion of the new year. You have been carrying out a wonderful job.
nike lebron 16 http://www.lebron16.us
Reply jordan shoes
2:42 PM on June 7, 2021 
I want to voice my admiration for your generosity supporting people who need assistance with the topic. Your personal dedication to getting the message all around ended up being surprisingly invaluable and have specifically allowed women much like me to achieve their dreams. Your amazing warm and friendly information can mean a whole lot a person like me and additionally to my mates. Best wishes; from everyone of us.
jordan shoes http://www.jordan13.us.com
Reply yeezy
5:37 AM on June 9, 2021 
I not to mention my buddies happened to be reading the good guidelines found on your web page and the sudden I had an awful feeling I had not expressed respect to the blog owner for those secrets. All of the people ended up as a result very interested to read them and have now clearly been enjoying these things. I appreciate you for being very accommodating and also for settling on this form of good topics millions of individuals are really eager to know about. My honest regret for not saying thanks to earlier.
yeezy http://www.yeezy-supply.us.org
Reply 100% real jordans for cheap
8:25 AM on June 9, 2021 
I precisely wanted to say thanks once more. I'm not certain the things that I could possibly have accomplished without those basics shared by you relating to such question. Completely was an absolute hard setting for me, but looking at the specialized approach you treated that took me to cry over joy. I will be happy for the support as well as trust you really know what an amazing job that you're undertaking training many others through your webpage. I know that you've never encountered all of us.
100% real jordans for cheap http://www.jordansforcheap.us.com
Reply golden goose sneakers
3:19 AM on June 10, 2021 
A lot of thanks for all your valuable efforts on this web page. My mom takes pleasure in engaging in investigation and it's really easy to understand why. My partner and i notice all about the compelling ways you present informative information via this web site and even encourage contribution from other people on that idea plus my girl is truly becoming educated a great deal. Take advantage of the rest of the new year. You are always performing a powerful job.
golden goose sneakers http://www.goldengoose-sneakers.us
Reply supreme clothing
1:48 AM on June 11, 2021 
I am glad for commenting to make you understand of the great discovery my cousin's daughter found reading yuor web blog. She learned so many pieces, most notably how it is like to have a marvelous teaching character to make the others with no trouble learn about a number of very confusing things. You truly exceeded our own desires. Thank you for providing such precious, dependable, edifying and as well as fun tips on the topic to Sandra.
supreme clothing http://www.supremeclothing.us.org
Reply yeezy boost 350 v2
4:01 AM on June 11, 2021 
I happen to be writing to let you understand what a nice discovery my princess obtained viewing your web site. She learned plenty of details, which include how it is like to possess a great helping character to make many more really easily learn about selected problematic things. You really surpassed her expected results. I appreciate you for supplying such precious, safe, revealing not to mention unique tips about the topic to Gloria.
yeezy boost 350 v2 http://www.yeezy350s.com
Reply kyrie irving shoes
9:37 PM on June 11, 2021 
I simply wanted to thank you so much all over again. I do not know the things that I would've taken care of without the type of thoughts contributed by you on this industry. It actually was a real traumatic difficulty for me, however , being able to see your expert manner you processed it made me to leap with delight. Now i'm thankful for this support and in addition hope that you realize what an amazing job you are providing training people today all through your blog. More than likely you have never met any of us.
kyrie irving shoes http://www.kyrieirvingshoes.us.com
Reply off-white
7:53 PM on June 12, 2021 
Thanks for all of the effort on this web site. My daughter really loves setting aside time for investigation and it's really easy to see why. We all hear all regarding the powerful manner you render rewarding guidance via your web blog and even improve contribution from other individuals on the situation then our own daughter is undoubtedly discovering a great deal. Take pleasure in the remaining portion of the new year. You're conducting a glorious job.
off-white http://www.off--white.us.com
0