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 yeezys
5:26 AM on January 22, 2021 
I just wanted to send a quick message so as to express gratitude to you for those stunning points you are writing on this website. My time consuming internet research has finally been paid with useful know-how to go over with my family and friends. I 'd say that we website visitors are really endowed to exist in a really good place with so many awesome professionals with very beneficial methods. I feel rather privileged to have come across the web page and look forward to really more brilliant times reading here. Thank you once again for everything.
yeezys http://www.yeezysus.com
Reply Kiafog
5:38 AM on January 22, 2021 
how much is plaquenil
Reply Maryfog
7:36 PM on January 25, 2021 
desyrel 50 mg tablet zithromax z-pak price without insurance arimidex men lasix 100 mg online viagra cream buy online cymbalta pills zyban tablet price in india buy cialis over the counter uk atarax generic cost prednisolone 25mg online
Reply Amyfog
12:37 AM on January 26, 2021 
cialis soft online
Reply Amyfog
1:26 AM on January 26, 2021 
how to buy sildenafil without a prescription
Reply Personal Loans
7:49 AM on January 26, 2021 
cash same day loans no checking account required no fax cash advance
Reply Loans Online
10:10 AM on January 26, 2021 
small loans personal
Reply Jasonfog
12:02 PM on January 26, 2021 
propecia cheapest price australia propanolol canadian pharmacy no prescription order cymbalta 60 mg online cheap sildenafil online canada zithromax 250 mg cost where to buy ventolin amoxicillin 875 125 mg where to buy viagra in south africa where can i get levitra
Reply Carlfog
12:11 PM on January 26, 2021 
prices pharmacy clomid 250mg mexican pharmacy online generic 100mg sildenafil sildenafil price usa
Reply Amyfog
1:26 PM on January 26, 2021 
sildenafil generic usa
Reply Online Payday Loan
1:33 PM on January 26, 2021 
christmas loans first american loans
Reply pandora jewelry
2:55 PM on January 26, 2021 
Thanks a lot for providing individuals with an extremely brilliant possiblity to read from here. It can be very excellent plus jam-packed with a great time for me personally and my office colleagues to visit your blog particularly thrice every week to read the newest items you have. And of course, we are at all times happy with the extraordinary opinions you give. Some 4 points in this post are surely the simplest I have had.
pandora jewelry http://www.pandorascharms.us
Reply Denfog
4:38 PM on January 26, 2021 
cheap cialis female viagra medication generic indocin trazodone generic brand price cialis canada
Reply lebron shoes
6:34 PM on January 26, 2021 
I precisely desired to thank you very much all over again. I am not sure the things I would have followed without the tips and hints provided by you over such subject matter. It actually was a distressing case in my circumstances, however , encountering a professional style you solved it forced me to cry over delight. I am happier for the information as well as pray you recognize what an amazing job your are putting in training others thru a site. Probably you have never got to know any of us.
lebron shoes http://www.lebron18.us
Reply Judyfog
9:17 PM on January 26, 2021 
dapoxetine usa buy online pharmacies that use paypal average cost sildenafil 20mg citalopram brain zaps prednisolone buy online uk where can i buy furosemide 360mg daily wellbutrin buy zithromax online zovirax 800 generic phenergan
Reply Markfog
1:39 AM on January 27, 2021 
levitra price in canada 10g tetracycline tetracycline for acne doxycycline buy canada lasix 620 mg can you buy cymbalta over the counter sildenafil india price cost tadalafil generic
Reply Get A Loan
1:47 AM on January 27, 2021 
easy loans
Reply Payday
1:52 AM on January 27, 2021 
loans kenya
Reply Cash Advance
3:59 AM on January 27, 2021 
payday loans direct
Reply Kiafog
6:19 AM on January 27, 2021 
buy retin a online cheap
0