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 kevin durant shoes
4:20 PM on June 13, 2021 
I not to mention my friends were actually analyzing the nice recommendations found on your website then instantly I had a terrible suspicion I had not thanked the web blog owner for them. These people became for this reason passionate to read them and have in effect unquestionably been making the most of them. Many thanks for turning out to be simply thoughtful as well as for finding this kind of terrific subjects millions of individuals are really desperate to understand about. Our own sincere regret for not saying thanks to you sooner.
kevin durant shoes http://www.kevindurantshoes.us.com
Reply curry 6
5:05 PM on June 15, 2021 
I simply wished to say thanks again. I'm not certain what I could possibly have done in the absence of these pointers provided by you concerning that theme. It truly was a real challenging condition in my circumstances, but spending time with a well-written fashion you handled it took me to leap for gladness. Extremely happy for this assistance and as well , hope you know what a great job that you are doing educating men and women thru your blog post. Most likely you have never encountered all of us.
curry 6 http://www.curry6.net
Reply off-white
3:17 PM on June 16, 2021 
Thank you so much for giving everyone remarkably splendid opportunity to read from this site. It's usually so amazing and jam-packed with a great time for me personally and my office fellow workers to search your blog at the least three times a week to learn the latest stuff you have got. And indeed, I am at all times happy for the astounding concepts you serve. Selected 2 areas in this article are without a doubt the simplest we have had.
off-white http://www.off--white.us.com
Reply golden goose shoes
5:17 PM on June 16, 2021 
I truly wanted to construct a simple note to be able to say thanks to you for these lovely concepts you are posting on this site. My rather long internet lookup has now been paid with really good insight to exchange with my partners. I would admit that most of us readers actually are very blessed to live in a fine network with many brilliant individuals with good suggestions. I feel very much fortunate to have encountered the weblog and look forward to really more excellent minutes reading here. Thanks a lot again for everything.
golden goose shoes http://www.goldengooseoutlets.us
Reply lebron 17 shoes
11:53 AM on June 17, 2021 
I simply wished to thank you very much all over again. I'm not certain the things I could possibly have tried in the absence of the entire points discussed by you over my subject matter. It became an absolute daunting situation for me, nevertheless witnessing a well-written mode you processed it made me to leap for delight. Extremely happy for the support and in addition believe you know what a great job that you are doing training some other people through your site. I am certain you've never encountered all of us.
lebron 17 shoes http://www.lebron17s.us
Reply supreme hoodie
11:04 AM on June 18, 2021 
I really wanted to make a brief word to thank you for all of the nice techniques you are posting at this site. My incredibly long internet lookup has at the end been recognized with reputable information to write about with my guests. I 'd assert that many of us site visitors are really fortunate to exist in a good place with so many awesome individuals with very beneficial guidelines. I feel quite blessed to have discovered your webpages and look forward to plenty of more thrilling moments reading here. Thanks a lot once again for a lot of things.
supreme hoodie http://www.supremeclothings.us.com
Reply bape clothing
2:03 PM on June 18, 2021 
Thanks so much for providing individuals with an exceptionally wonderful possiblity to discover important secrets from this web site. It is often very kind and packed with a lot of fun for me personally and my office friends to visit your website at minimum thrice in 7 days to read the newest guides you have got. And definitely, I'm also at all times impressed with the fantastic tactics you serve. Some 2 areas in this posting are particularly the most suitable I have ever had.
bape clothing http://www.bapesonline.com
Reply yeezy
6:27 AM on June 19, 2021 
Thank you for all of the hard work on this blog. Debby really likes making time for investigations and it is easy to see why. A lot of people know all of the lively method you give great items through this web site and even inspire contribution from some other people on that area of interest then our simple princess is now discovering a great deal. Enjoy the remaining portion of the year. Your doing a brilliant job.
yeezy http://www.yeezy350boost.us.com
Reply kyrie 6 shoes
4:19 AM on June 20, 2021 
My husband and i ended up being very joyful that Edward could conclude his reports while using the ideas he gained out of your blog. It is now and again perplexing just to find yourself offering secrets that the rest could have been selling. We really see we need the blog owner to thank for this. The type of explanations you've made, the straightforward website navigation, the friendships you make it easier to engender - it is many astonishing, and it is leading our son in addition to us feel that that issue is brilliant, which is pretty important. Thank you for all!
kyrie 6 shoes http://www.kyrie-6.com
Reply golden goose sneakers
6:39 AM on June 20, 2021 
I'm just writing to make you understand what a fantastic encounter my friend's princess enjoyed going through yuor web blog. She discovered such a lot of issues, not to mention how it is like to possess an incredible coaching mindset to let certain people really easily know precisely specified tricky issues. You undoubtedly exceeded her expectations. Many thanks for producing such essential, trustworthy, revealing and even fun tips on the topic to Tanya.
golden goose sneakers http://www.goldengooses.us
Reply supreme hoodie
11:41 PM on June 20, 2021 
I definitely wanted to develop a simple message so as to say thanks to you for those wonderful instructions you are sharing at this website. My extended internet lookup has at the end been paid with wonderful tips to share with my family. I 'd point out that we website visitors actually are rather fortunate to dwell in a notable community with very many marvellous professionals with good tips. I feel truly grateful to have come across your entire web site and look forward to tons of more amazing times reading here. Thanks a lot once again for everything.
supreme hoodie http://www.supreme.us.org
Reply kd 10
9:19 PM on June 21, 2021 
I must get across my affection for your kind-heartedness supporting men and women that need help with the niche. Your very own commitment to passing the message all over appeared to be amazingly helpful and has specifically enabled women just like me to arrive at their desired goals. Your entire important tutorial means so much to me and even more to my mates. Regards; from each one of us.
kd 10 http://www.kd10.us
Reply authentic jordans
11:28 PM on June 21, 2021 
Thanks for all your valuable effort on this site. My daughter enjoys managing investigation and it is obvious why. My spouse and i know all regarding the dynamic tactic you produce very useful ideas through this web site and invigorate participation from people on this content and our girl is really discovering so much. Have fun with the rest of the new year. You're the one conducting a very good job.
authentic jordans http://www.jordansforcheap.us.com
Reply paul george shoes
11:28 PM on June 21, 2021 
I as well as my pals have been checking out the great suggestions on your web blog and then all of a sudden developed an awful suspicion I had not expressed respect to you for those techniques. My men ended up consequently happy to study all of them and have certainly been loving those things. Thank you for truly being considerably kind and for picking some fine subject areas most people are really wanting to know about. Our own honest regret for not expressing gratitude to sooner.
paul george shoes http://www.paulgeorge.us.com
Reply supreme outlet
11:29 PM on June 21, 2021 
I would like to show appreciation to the writer just for bailing me out of this predicament. Because of scouting throughout the the net and obtaining recommendations which are not productive, I figured my entire life was gone. Existing without the presence of strategies to the issues you have resolved through your good guideline is a crucial case, as well as the kind that would have in a wrong way affected my entire career if I hadn't come across your blog. Your good mastery and kindness in controlling the whole lot was very useful. I don't know what I would've done if I hadn't come across such a subject like this. I can also at this time look ahead to my future. Thanks a lot very much for this professional and amazing help. I will not hesitate to refer your web site to anybody who ought to have guidelines on this issue.
supreme outlet http://www.supremeclothingstore.com
Reply air jordan
11:30 PM on June 21, 2021 
Thanks for each of your effort on this web page. My mom enjoys conducting research and it's easy to understand why. All of us learn all of the compelling form you deliver effective steps through the website and in addition increase contribution from visitors on the matter plus our daughter is without a doubt studying a great deal. Have fun with the rest of the year. You're performing a very good job.
air jordan http://www.jordan1shoes.us
Reply golden goose
11:30 PM on June 21, 2021 
Thanks a lot for providing individuals with an extraordinarily splendid chance to check tips from this site. It can be so pleasant and stuffed with amusement for me and my office fellow workers to visit your website minimum thrice in one week to see the fresh tips you have got. And indeed, I'm just at all times contented concerning the spectacular guidelines served by you. Some 1 facts in this posting are undoubtedly the most efficient I have ever had.
golden goose http://www.goldengoose-shoes.us.com
Reply golden goose
11:30 PM on June 21, 2021 
I am just commenting to let you understand of the great discovery my wife's daughter developed going through your blog. She noticed lots of things, which included what it's like to have an ideal giving mindset to have other individuals effortlessly know certain impossible topics. You actually did more than readers' expected results. Thanks for giving such great, healthy, revealing and even unique tips on this topic to Mary.
golden goose http://www.golden-goose.us
Reply yeezy shoes
11:31 PM on June 21, 2021 
I would like to get across my passion for your kindness supporting those who should have help with your topic. Your personal commitment to getting the message up and down had become rather advantageous and have in most cases permitted guys just like me to attain their goals. Your personal interesting tips and hints signifies so much to me and extremely more to my fellow workers. Thanks a ton; from all of us.
yeezy shoes http://www.yeezy-sneakers.us
Reply jordan shoes
4:43 PM on June 22, 2021 
I precisely wanted to thank you very much once more. I'm not certain the things I would've used in the absence of these hints shared by you concerning such a industry. It has been an absolute scary setting in my circumstances, nevertheless observing the very expert mode you treated the issue forced me to jump over joy. Now i'm happy for this assistance and even have high hopes you are aware of a powerful job that you're putting in instructing others with the aid of a site. More than likely you have never come across any of us.
jordan shoes http://www.jordanstoreonline.com
0