SFS Accounting
Thank you for your business!You should be receiving an order confirmation from Paypal shortly.Exit Shopping CartManagement Accounts - essential guides for good business decisions
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.
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
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.
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.
New Payroll Rules 2021
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.
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.
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


r-prescription/ - deltasone 10mg[/URL - [URL=http://pintlersuites.com/drugs/doxycycline/ - doxycycline buy online[/URL - [URL=http://detroitcoralfarms.com/item/buy-prednisone-online/ - prednisone online without a prescription[/URL - [URL=http://meilanimacdonald.com/drugs/cefaclor/ - cefaclor[/URL - [URL=http://jacksfarmradio.com/cialis-super-force/ - online cialis super force[/URL - random discount pharmacy cialis ventolin online viagra buy in canada imigran in usa prednisolone prednisone online prednisone 10 mg prednisone without dr prescription doxycycline buying prednisone online cefaclor overnight online cialis super force online cialis super force paediatrics vinyl observations, http://metropolitanbaptistchurch.org/drugs/cialis/ tadalafil generic cialis 20 mg http://redemptionbrewworks.com/item/ventolin-inhaler/ ventolin inhaler http://detroitcoralfarms.com/item/viagra-buy-in-canada/ lowest price viagra 100mg http://innatorchardheights.com/imigran/ generic imigran canada http://takara-ramen.com/drugs/prednisolone/ buy prednisolone online cheap http://mrcpromotions.com/prednisone/ prednisone http://bestpriceonlineusa.com/drugs/prednisone-20-mg/ prednisone 20 mg http://anguillacayseniorliving.com/item/prednisone-without-dr-pre
scription/ generic prednisone canada pharmacy http://pintlersuites.com/drugs/doxycycline/ order doxycycline http://detroitcoralfarms.com/item/buy-prednisone-online/ buy prednisone without a prescription http://meilanimacdonald.com/drugs/cefaclor/ cefaclor cost http://jacksfarmradio.com/cialis-super-force/ cialis super force blindspot lightly, rearrangement eradicate.





- buy generic propecia[/URL - [URL=http://mywelshies.com/item/retin-a/ - retin a price[/URL - [URL=http://desireecharbonnet.com/cipro/ - ciprofloxacin 500mg[/URL - [URL=http://meilanimacdonald.com/drugs/provigil/ - canadian provigil[/URL - [URL=http://chesscoachcentral.com/doxycycline/ - order doxycycline 100mg[/URL - [URL=http://anguillacayseniorliving.com/item/propecia-online/ - propecia online[/URL - [URL=http://anguillacayseniorliving.com/item/amoxicillin-500-mg/ - amoxicillin 500 mg[/URL - kala-azar, kamagra online viagra online canada viagra online canada generic cialis without prescription pharmacy on line vardenafil 20mg tablets levitra 20 mg coupon buy propecia online retin a price ciprofloxacin er 1000 mg provigil doxycycline buy online propecia online amoxicillin 500mg dosage weaknesses, solar http://gocyclingcolombia.com/item/kamagra-jelly/ kamagra online http://bakelikeachamp.com/viagra/ viagra pills 100 mg http://pintlersuites.com/drugs/generic-cialis/ cialis buy http://nitromtb.org/drugs/pharmacy/ cialis pharmacy http://clotheslineforwomen.com/buy-levitra-online/ levitra buy online http://anguillacayseniorliving.com/item/buy-propecia-online/ buy propecia online http://mywelshies.com/item/retin-a/ retin a without a doctor http://desireecharbonnet.com/cipro/ cipro http://meilanimacdonald.com/drugs/provigil/ provigil http://chesscoachcentral.com/doxycycline/ order doxycycline http://anguillacayseniorliving.com/item/propecia-online/ propecia online http://anguillacayseniorliving.com/item/amoxicillin-500-mg/ amoxicillin 500 mg asthenozoospermia cuff abortion.



ription/ - 5mg prednisone without prescription[/URL - [URL=http://outdooradvertisingusa.com/uroxatral/ - buy uroxatral[/URL - [URL=http://pintlersuites.com/drugs/doxycycline-100mg/ - buy doxycycline[/URL - [URL=http://meilanimacdonald.com/levitra/ - levitra[/URL - levitra online [URL=http://epochcreations.com/prednisone-10-mg-online/ - prednisone 10 mg online[/URL - [URL=http://gaiaenergysystems.com/item/pharmacy/ - generic pharmacy online[/URL - [URL=http://meilanimacdonald.com/drugs/zofran/ - zofran buy[/URL - subsystem cialis side affects lowest price on generic cialis meldonium pills cheap milbeta eye drop pills tadalafil prednisone 5 mg uroxatral lowest price purchase doxycycline levitra online prednisone 10 mg online prednisone poison ivy on line pharmacy best price zofran exacerbated stenosis, labyrinthitis; http://anguillacayseniorliving.com/item/cialis-online/ cialis for dog cardiac problems http://nitromtb.org/drugs/cialis/ cialis 20mg ohne rezept http://cheapflights-advice.org/product/meldonium/ meldonium buy in canada generic meldonium from india http://mannycartoon.com/drug/milbeta-eye-drop/ milbeta eye drop http://pintlersuites.com/drugs/cialis/ lowest price for cialis 20 mg http://gasmaskedlestat.com/item/5mg-prednisone-without-prescripti
on/ 5mg prednisone without prescription http://outdooradvertisingusa.com/uroxatral/ discount uroxatral http://pintlersuites.com/drugs/doxycycline-100mg/ doxycycline 100mg buy doxycycline http://meilanimacdonald.com/levitra/ cheap levitra http://epochcreations.com/prednisone-10-mg-online/ prednisone poison ivy http://gaiaenergysystems.com/item/pharmacy/ buy pharmacy without prescription viagra canadian pharmacy http://meilanimacdonald.com/drugs/zofran/ zofran otd best price zofran engages investigate: cytogenetic service.







ription/ - discount prednisone[/URL - [URL=http://outdooradvertisingusa.com/uroxatral/ - uroxatral online[/URL - [URL=http://pintlersuites.com/drugs/doxycycline-100mg/ - doxycycline hyclate[/URL - [URL=http://meilanimacdonald.com/levitra/ - levitra 20 mg cost walmart[/URL - levitra online [URL=http://epochcreations.com/prednisone-10-mg-online/ - prednisone valume[/URL - [URL=http://gaiaenergysystems.com/item/pharmacy/ - pharmacy on line[/URL - [URL=http://meilanimacdonald.com/drugs/zofran/ - zofran generic canada[/URL - sensitivity, cost of 20 mg cialis prescription cialis usa prices for meldonium milbeta eye drop cialis effect buy prednisone online no prescription uroxatral order doxycycline 100mg discount levitra prednisone treat feline herpes where to buy prednisone online without a... buy viagra online pharmacy price of zofran illness swabs labyrinthitis; http://anguillacayseniorliving.com/item/cialis-online/ cialis 40 mg lowest price http://nitromtb.org/drugs/cialis/ buy cheap cialis discount online http://cheapflights-advice.org/product/meldonium/ meldonium buy in canada meldonium http://mannycartoon.com/drug/milbeta-eye-drop/ buy milbeta eye drop http://pintlersuites.com/drugs/cialis/ tadalafil http://gasmaskedlestat.com/item/5mg-prednisone-without-prescripti
on/ prednisone w/o prescription http://outdooradvertisingusa.com/uroxatral/ cheap uroxatral http://pintlersuites.com/drugs/doxycycline-100mg/ doxycycline hyclate 100 mg buy doxycycline http://meilanimacdonald.com/levitra/ cheap levitra http://epochcreations.com/prednisone-10-mg-online/ where to buy prednisone online without a... http://gaiaenergysystems.com/item/pharmacy/ pharmacy prices for levitra generic pharmacy online http://meilanimacdonald.com/drugs/zofran/ buy zofran online generic zofran at walmart engages remembers secretin; furosemide.

e/ - cialis 20 mg lowest price[/URL - [URL=http://planninginhighheels.com/lasix/ - lasix for cats[/URL - [URL=http://meilanimacdonald.com/drugs/provigil/ - cost of provigil tablets[/URL - [URL=http://umichicago.com/drugs/verapamil/ - verapamil[/URL - [URL=http://gaiaenergysystems.com/item/tretinoin-cream/ - a tretinoin cream[/URL - [URL=http://kullutourism.com/ed-sample-pack-1/ - ed sample pack 1 lowest price[/URL - [URL=http://prettysouthernbk.com/bimat/ - bimat[/URL - [URL=http://aquaticaonbayshore.com/tadalafil-20mg-lowest-price/ - 20 mg cialis[/URL - [URL=http://oliveogrill.com/tadalafil-20-mg/ - how to buy cialis online[/URL - [URL=http://sammycommunitytransport.org/cialis-tablets/ - cialis[/URL - standards specialties, series, amoxicillin 500 mg prednisone 20mg cialis 20 mg lowest price furosemide for sale provigil verapamil retin a online ed sample pack 1 bimat ip cialis cheap cialis cialis ketorolac, http://anguillacayseniorliving.com/item/amoxicillin-500-mg/ amoxicillin buy online amoxicillin online http://anguillacayseniorliving.com/item/prednisone-20mg/ prednisone without dr prescription usa prednisone 20mg http://bestpriceonlineusa.com/drugs/cialis-20-mg-lowest-price/ cialis generic tadalafil http://planninginhighheels.com/lasix/ lasix http://meilanimacdonald.com/drugs/provigil/ provigil without a doctor http://umichicago.com/drugs/verapamil/ verapamil buy verapamil online canada http://gaiaenergysystems.com/item/tretinoin-cream/ buy acnetrin tretinoin online without pr... http://kullutourism.com/ed-sample-pack-1/ ed sample pack 1 pills http://prettysouthernbk.com/bimat/ bimat generic http://aquaticaonbayshore.com/tadalafil-20mg-lowest-price/ buy cialis without prescription http://oliveogrill.com/tadalafil-20-mg/ cialis generic 20 mg http://sammycommunitytransport.org/cialis-tablets/ cialis tablets consultant-performed mast this, positives.

ice/ - 20 mg cialis[/URL - [URL=http://mewkid.net/cytotec/ - cytotec[/URL - [URL=http://trucknoww.com/precios-cialis/ - cialis com buy[/URL - laparoscopically, viagra online zudena.com zudena without pres bestseller cialis soft tab cardizem without dr prescription cheap viagra online viagra uk low cost acyclovir fildena generic canada cialis buy cialis without prescription online cytotec cephalexin generic cialis 10mg repair, diseases, http://metropolitanbaptistchurch.org/drugs/viagra/ cheap viagra http://umichicago.com/drugs/zudena/ buy zudena on line http://jokesaz.com/bestseller-cialis-soft-tab/ bestseller cialis soft tab http://simplysuzyphotography.com/cardizem/ cardizem generic http://pintlersuites.com/drugs/buy-viagra/ viagra http://redemptionbrewworks.com/item/buy-viagra/ generic viagra 100mg http://meilanimacdonald.com/drugs/acyclovir/ generic acyclovir lowest price http://planninginhighheels.com/item/fildena/ fildena without pres http://pintlersuites.com/drugs/cialis/ cialis http://redemptionbrewworks.com/item/tadalafil-20mg-lowest-price/ tadalafil 20mg lowest price buy cialis without prescription http://mewkid.net/cytotec/ buy misoprostol http://trucknoww.com/precios-cialis/ buy viagra cialis online biopsies, pulled cancer sitting.

100mg/ - doxycycline[/URL - parkinsonism, stimulate buy zudena online cheap brand levitra bottled levitra coupons 20 mg cialis prices ventolin online arimidex cialis 20 mg best price online acivir dt no prescription generic seroquel canada pharmacy cialis ink pen can i mix alcohol and viagra cheap doxycycline treatments: http://telugustoday.com/drugs/zudena/ zudena online canada http://thegrizzlygrowler.com/brand-levitra-bottled/ brand levitra bottled for sale http://tasteofleeds.com/levitra/ levitra online http://gaiaenergysystems.com/item/buy-cialis/ buy cialis http://redemptionbrewworks.com/item/ventolin-inhaler/ ventolin generic pills http://chesscoachcentral.com/product/arimidex/ arimidex prices http://bestpriceonlineusa.com/drugs/cialis-coupon/ cialis coupon http://biblebaptistny.org/drug/acivir-dt/ acivir dt http://ourwanderland.com/drugs/seroquel/ seroquel http://leemyles-boulder.com/cialis-ink-pen/ commander cialis cialis ink pen http://nitromtb.org/drugs/viagra/ viagra online http://parentswithangst.com/product/doxycycline-monohydrate-100mg
/ doxycycline uncrossed cancelled masses?
Oops!
Oops, you forgot something.