SFS Accounting
Shopping Cart
Your Cart is Empty
Quantity:
Subtotal
Taxes
Shipping
Total
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.
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.
Protect yourself from scams
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)
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
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
• 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:
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
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
Blog
Self Assessment at Christmas
| Posted on December 13, 2018 at 2:35 PM |
Take the weight off your shoulders this Christmas………
Mince pies, fairy lights and tax returns, two out three ain’t bad, let SFS Accounting carry the burden of the third one!
Get your tax return done well ahead of the 31 January 2019 deadline so you can relax and enjoy your celebrations.
The ghost of Christmas Past………….
● In 2017, 8,623 people completed their return on Christmas Eve or Christmas Day
● 92 tax returns arrived at HMRC between 11pm and midnight on Christmas Eve
● around 1.3 million submitted returns after Christmas
● 30,348 between 11pm and midnight on 31 January
● around three-quarters of a million people missed the deadline
Those unwanted gifts…………
If you fail to submit a tax return before midnight on 31 January 2019 you’ll face a fine of £100, with interest charged on any late payments.
That applies to returns which are up to three months late. If you let your return slip later again, you could see the fine rise by £10 a day, up to a maximum of £900.
If after six months you still haven’t sorted it, a further penalty of 5% of the tax you owe, or £300 – whichever is more – applies.
There’s an additional penalty of 5%, or a £300 charge, if you still haven’t reached a resolution after a year, while fines of 5% of the unpaid tax can be charged after 30 days, 6 months and 12 months.
Greater Expectations………….
● the process is easier than it used to be
● giving your accountants time means they can apply for all the tax breaks you may entitled to (lower your tax bill)
● if you want your accountant to act on your behalf you need to give them time to notify HMRC of this intention.
Take the pressure off and contact us now for help with your self-assessment 
Categories: None
Post a Comment
Oops!
The words you entered did not match the given text. Please try again.
13026 Comments
Reply
atlanta falcons matt ryan jersey
8:46 PM on August 21, 2020
business sommer outfitdamen kleid amazonsamsonite koffer 75 28rattansessel braun verstellbar
atlanta falcons matt ryan jersey http://www.immermitstil.com/cheap_jerseys/atlanta-falcons-matt-ry
an-jersey
atlanta falcons matt ryan jersey http://www.immermitstil.com/cheap_jerseys/atlanta-falcons-matt-ry
an-jersey
Reply
Judyovale
8:48 PM on August 21, 2020
cheapest kamagra paypal buy generic priligy online ampicillin cap 500mg azithromycin prices prednisone buy online uk lexapro prices buy tretinoin online australia erythromycin 4 buy vardenafil 20mg phenergan over the counter in canada
Reply
nike bejsbolówka czapka damska
8:51 PM on August 21, 2020
nike vapor keystone baseball cleatsgta new clothes casino dog jacketstone bomber jacketlavender plus size dresses for weddings
nike bejsbolówka czapka damska http://www.amitycja.com.pl/nike_huarache_amskie/nike-bejsbol%c3%b
3wka-czapka-damska
nike bejsbolówka czapka damska http://www.amitycja.com.pl/nike_huarache_amskie/nike-bejsbol%c3%b
3wka-czapka-damska
Reply
kyrie 3
9:11 PM on August 21, 2020
I want to express my thanks to this writer for bailing me out of this type of crisis. Because of surfing around through the world wide web and seeing methods that were not pleasant, I figured my life was over. Living without the approaches to the problems you've fixed through your entire short article is a critical case, as well as the kind that might have adversely affected my career if I had not encountered your website. That natural talent and kindness in playing with a lot of things was valuable. I don't know what I would've done if I hadn't come across such a thing like this. I can at this point look forward to my future. Thanks a lot very much for the expert and result oriented help. I won't be reluctant to refer your site to any individual who desires recommendations on this problem.
kyrie 3 http://www.kyrie3.us.com
kyrie 3 http://www.kyrie3.us.com
Reply
vans sk8 hi platform sale
9:42 PM on August 21, 2020
chaqueta adidas originals verde mujernike revolution 9 mujer negrasã??ã??ã??é??/a太å??é?é?£ã??ç«?ã??ã??ã??ã??
url=http://www.sapinsdesardennes.be/slip/vans-sk8-hi-platform-sa
le says...
vans sk8 hi platform sale
Reply
mens leather ankle boots
9:51 PM on August 21, 2020
vans old skool blue and pinkwhippet dog coatsè¡?æ?®ã??å°?ã?¬ã?¦ã??ã?§é»?ã?¹ã??ã?¼ã?«ã??é??ã?³ã?¼ã??/a
mens leather ankle boots http://www.rowantreecrafts.co.uk/Components_Replacement_Parts/men
s-leather-ankle-boots
mens leather ankle boots http://www.rowantreecrafts.co.uk/Components_Replacement_Parts/men
s-leather-ankle-boots
Reply
nike 270 negras y rosas
10:02 PM on August 21, 2020
christian dior se chanelã?ã??ã??ã?¸ã?£ã?¼ã?¸ ã?¢ã??ã?£ã??ã??/anike 1975é??kangol
nike 270 negras y rosas http://www.mejorestiendasonline.net/juegos_de_planchar_ropa_y_dob
lar_ropa/nike-270-negras-y-rosas
nike 270 negras y rosas http://www.mejorestiendasonline.net/juegos_de_planchar_ropa_y_dob
lar_ropa/nike-270-negras-y-rosas
Reply
rugby samedi amazon
10:03 PM on August 21, 2020
collier en metalnouvelle adidas boostnike sportswear air max 98 qsveste homme marron daimnike air max 2017 pas cher vente priveeveste en cuir homme devredadidas stan smith introuvablecabas orvalsurvetement adidas bleu clair enfantguide taille adidas falconcoque apple 6s plusnike air force 1 low lxchausson chaussette femme etamjordan limited edition air 1robe bleu marine longue
rugby samedi amazon http://www.pinget-jacky.com/Casquettes_gar%c3%a7on/rugby-samedi-a
mazon
rugby samedi amazon http://www.pinget-jacky.com/Casquettes_gar%c3%a7on/rugby-samedi-a
mazon
Reply
Markovale
10:13 PM on August 21, 2020
dipyridamole tablets strattera 40 mg capsule trazodone 300 mg cost lasix 400 mg
Reply
nike zoom soldier 10 review
10:33 PM on August 21, 2020
chuteira nike phantomasrv shortsakc gps dog collarsnike zoom soldier 10 review
nike zoom soldier 10 review http://www.rw-communications.com/billini_shoes/nike-zoom-soldier-
10-review
nike zoom soldier 10 review http://www.rw-communications.com/billini_shoes/nike-zoom-soldier-
10-review
Reply
casquette vintage baseball
10:42 PM on August 21, 2020
what basketball jersey number should i getronaldo signed shirtjohn collins usa jerseylos gigantes jersey
url=http://www.taekwondooussoudquebec.com/black_boots/casquette-
vintage-baseball says...
casquette vintage baseball
Reply
Ugoovale
10:47 PM on August 21, 2020
over the counter amoxicillin without prescription can you buy zithromax over the counter how much is zofran in canada dipyridamole tablets 200mg
Reply
tong boss
10:56 PM on August 21, 2020
halówki nike tiempo rzepywhite hunter pumaadidas buty do chodzenia 2019buty mÄ?skie adidas questar ride b44806
tong boss http://www.dd4.fr/boots_femme_bleu/tong-boss
tong boss http://www.dd4.fr/boots_femme_bleu/tong-boss
Reply
nike jordan 98
11:44 PM on August 21, 2020
off white nike 10nike blazer mid vintage soldevente en ligne chapeauxair max 270 regency purple on feet
nike jordan 98 http://www.rapio.com.pl/champion_kung_fu/nike-jordan-98
nike jordan 98 http://www.rapio.com.pl/champion_kung_fu/nike-jordan-98
Reply
ã?¢ã?«ã?³ã??ã??ã?£ã??ã??ã?¼ã??楽天
12:13 AM on August 22, 2020
david beckham adidas running shoestenis adidas edge luxzapatos de vestir cerradosed7554 adidas
ã?¢ã?«ã?³ã??ã??ã?£ã??ã??ã?¼ã??楽天 http://www.not1lost.org/%e3%82%bd%e3%83%95%e3%82%a1_%e3%83%80%e3%
82%a4%e3%83%8b%e3%83%b3%e3%82%b0/%e3%82%a2%e3%83%ab%e3%82%b3%e3%8
3%9a%e3%83%87%e3%82%a3%e3%82%b3-%e3%83%96%e3%83%bc%e3%83%84-%e6%a
5%bd%e5%a4%a9
ã?¢ã?«ã?³ã??ã??ã?£ã??ã??ã?¼ã??楽天 http://www.not1lost.org/%e3%82%bd%e3%83%95%e3%82%a1_%e3%83%80%e3%
82%a4%e3%83%8b%e3%83%b3%e3%82%b0/%e3%82%a2%e3%83%ab%e3%82%b3%e3%8
3%9a%e3%83%87%e3%82%a3%e3%82%b3-%e3%83%96%e3%83%bc%e3%83%84-%e6%a
5%bd%e5%a4%a9
Reply
callaghan zapatos mujer 2018
12:14 AM on August 22, 2020
kÃnh coachã??ã??ã?¼æ?? ã?¹ã?«ã??ã??ã?°ã??ã??äº?ã?¤æ??ã??財å¸? ä¾¡æ ¼ã??ã?«ã?¬ã?ª ã??ã?¥ã?¼ã?¶
callaghan zapatos mujer 2018 http://www.ropaninosonline.net/medidas_de_secadoras_de_ropa/calla
ghan-zapatos-mujer-2018
callaghan zapatos mujer 2018 http://www.ropaninosonline.net/medidas_de_secadoras_de_ropa/calla
ghan-zapatos-mujer-2018
Reply
haarreif für fasching
12:14 AM on August 22, 2020
ã?³ã?¹ã??ã?³ ã??ã??ã??ã?µã??æ??å??å½¹æ?? å?·å?? ã?ã?£ã??ã??ã??ã??å??é?» å??軽é??ã?¦ã??ã?¯ã? ã?°ã?¬ã??ã??ã?§ã??ã?¯ ã??ã?³ã??/a
haarreif für fasching http://www.igm-jugend-potsdam.de/Halst%c3%bccher_f%c3%bcr_Baby_M%
c3%a4dchen/haarreif-f%c3%bcr-fasching
haarreif für fasching http://www.igm-jugend-potsdam.de/Halst%c3%bccher_f%c3%bcr_Baby_M%
c3%a4dchen/haarreif-f%c3%bcr-fasching
Reply
hvit gull
12:27 AM on August 22, 2020
air jordan flight basketball shoesnike basket homme blanchevetement bonobochaussure nike dragon ball supersweat etampièce détachée scooter honda pantheon 125 2tadidas originals superstar 38 5pull monoprix femmeadidas gazelle toilejordan fabrics patternsjordan why not zero 1 2 waysweat femme zippéadidas baskets running femmemaillot de bain nike 2 piècesadidas iniki femme bleu marine
hvit gull http://www.cts-club.com/levis_shorts/hvit-gull
hvit gull http://www.cts-club.com/levis_shorts/hvit-gull
Reply
adidas buty mÄ?skie biale za kostke
12:42 AM on August 22, 2020
asics insolesnike cheyenne vapor backpack voltfloor length dressing gown mensbest dog boots for hunting dogs for winter
adidas buty mÄ?skie biale za kostke http://www.labirynt.org.pl/perfumy_fila/adidas-buty-m%c4%99skie-b
iale-za-kostke
adidas buty mÄ?skie biale za kostke http://www.labirynt.org.pl/perfumy_fila/adidas-buty-m%c4%99skie-b
iale-za-kostke
Reply
dr martens mens socks
12:46 AM on August 22, 2020
herren sporttasche tommy hilfigerfahrradtrikot lustigteelichthalter zum einhängen in gläserstreifen schal multicolor von walbusch
dr martens mens socks http://www.tanuki-tanuki.com/mens_pyjamas/dr-martens-mens-socks
dr martens mens socks http://www.tanuki-tanuki.com/mens_pyjamas/dr-martens-mens-socks
Oops!
Oops, you forgot something.