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 Denfog
2:30 PM on January 29, 2021 
canadian cialis 20mg cost tadalafil generic propecia price in india tenormin 3 buy synthroid 137 mcg
Reply Denfog
4:28 PM on January 29, 2021 
fluoxetine over the counter antabuse without a prescription silagra 100 mg india kamagra aralen purchase
Reply russell westbrook shoes
6:02 PM on January 29, 2021 
I would like to get across my gratitude for your kindness in support of those individuals that have the need for assistance with this subject matter. Your real dedication to passing the solution across had been extraordinarily practical and has regularly helped associates like me to attain their objectives. The useful help means this much a person like me and a whole lot more to my fellow workers. Best wishes; from everyone of us.
russell westbrook shoes http://www.russellwestbrookshoes.us
Reply curry 7 shoes
3:30 PM on January 31, 2021 
I wish to show thanks to you just for rescuing me from this particular trouble. Because of looking out throughout the world wide web and meeting thoughts that were not powerful, I assumed my entire life was well over. Being alive without the answers to the problems you've solved by means of the guideline is a crucial case, as well as the kind which may have adversely damaged my entire career if I hadn't come across your blog post. That natural talent and kindness in dealing with a lot of stuff was important. I'm not sure what I would've done if I had not encountered such a point like this. I'm able to at this time look ahead to my future. Thanks so much for this high quality and amazing guide. I won't hesitate to refer your web page to anybody who requires tips on this subject.
curry 7 shoes http://www.curry7shoes.us
Reply supreme t shirt
8:38 PM on January 31, 2021 
My spouse and i ended up being very ecstatic that Chris could finish up his investigations via the ideas he came across in your web page. It is now and again perplexing to just continually be giving away strategies men and women might have been trying to sell. And we realize we now have the writer to be grateful to for that. All of the explanations you have made, the straightforward web site navigation, the relationships you assist to foster - it's got everything wonderful, and it's assisting our son in addition to us reckon that this content is excellent, which is certainly extremely pressing. Many thanks for all!
supreme t shirt http://www.supremeoutlet.us.com
Reply yeezy 380
12:00 AM on February 1, 2021 
I am only commenting to let you understand what a impressive experience my wife's girl gained checking your site. She noticed such a lot of pieces, not to mention what it's like to have an excellent giving heart to make most people with no trouble know precisely a variety of tricky matters. You truly did more than people's desires. Thank you for distributing such essential, trustworthy, informative not to mention easy tips about the topic to Ethel.
yeezy 380 http://www.yeezyboost380.us
Reply supreme hoodie
7:55 PM on February 1, 2021 
I must express my respect for your kind-heartedness for folks who must have assistance with this important study. Your very own dedication to getting the message up and down was unbelievably important and have regularly encouraged employees like me to reach their pursuits. Your entire interesting information can mean so much a person like me and still more to my office colleagues. Regards; from each one of us.
supreme hoodie http://www.supreme-clothings.us.com
Reply off white
12:56 AM on February 2, 2021 
I wish to show my thanks to this writer for rescuing me from such a predicament. As a result of looking throughout the world-wide-web and meeting opinions which are not productive, I was thinking my life was gone. Existing devoid of the strategies to the problems you've resolved through the site is a serious case, as well as ones which may have in a wrong way damaged my career if I had not noticed your web page. Your main talents and kindness in controlling the whole thing was invaluable. I don't know what I would have done if I hadn't encountered such a solution like this. I can also at this moment look forward to my future. Thanks a lot very much for the skilled and sensible guide. I will not think twice to refer your web page to any person who wants and needs recommendations about this problem.
off white http://www.off--white.us.com
Reply lebron james shoes
4:40 PM on February 3, 2021 
I as well as my guys were viewing the excellent pointers from your web page while all of a sudden came up with a terrible feeling I had not expressed respect to you for those secrets. All the ladies had been certainly stimulated to read through them and already have without a doubt been taking pleasure in them. Thank you for simply being considerably thoughtful as well as for considering varieties of exceptional issues most people are really desirous to understand about. Our honest apologies for not expressing appreciation to sooner.
lebron james shoes http://www.lebron18shoes.us
Reply yeezy boost 350
4:43 PM on February 3, 2021 
I precisely had to thank you very much again. I do not know the things I might have achieved in the absence of the type of strategies revealed by you on this question. It seemed to be a real horrifying circumstance in my opinion, but finding out your specialized technique you managed it took me to weep for happiness. I'm just grateful for this assistance and as well , pray you are aware of an amazing job your are providing training men and women with the aid of your webblog. I'm certain you've never come across any of us.
yeezy boost 350 http://www.yeezy350boost.us.com
Reply yeezy 350
10:19 PM on February 3, 2021 
I and also my buddies have already been analyzing the great things on your web page and then immediately got a terrible feeling I had not thanked the site owner for those techniques. My ladies were so very interested to study all of them and now have in reality been taking pleasure in them. Appreciation for being considerably helpful and then for deciding upon these kinds of notable subject matter millions of individuals are really needing to understand about. My personal honest apologies for not expressing gratitude to you earlier.
yeezy 350 http://www.yeezyboost350v2s.us
Reply supreme outlet
1:32 AM on February 4, 2021 
I'm just commenting to let you know what a fine experience our daughter enjoyed studying your web page. She figured out so many issues, not to mention how it is like to possess a marvelous helping mood to let other people without problems master a number of tortuous issues. You truly surpassed my desires. Many thanks for showing those interesting, trustworthy, educational and also easy thoughts on the topic to Sandra.
supreme outlet http://www.supremeclothingstore.com
Reply kevin durant shoes
8:45 PM on February 4, 2021 
I simply had to appreciate you again. I am not sure the things that I would've implemented without the techniques shown by you over my question. It was before an absolute hard dilemma in my circumstances, nevertheless noticing your expert approach you processed it took me to cry over delight. I'm grateful for the work and thus pray you are aware of an amazing job you were doing teaching people today using a site. Most probably you have never got to know any of us.
kevin durant shoes http://www.kd10.us
Reply pandora bracelet
9:15 PM on February 4, 2021 
My spouse and i got happy Edward managed to conclude his investigation using the precious recommendations he grabbed out of your web page. It is now and again perplexing to just happen to be releasing key points which often people could have been trying to sell. And we all know we have the writer to give thanks to for this. The main explanations you have made, the simple site menu, the relationships you help create - it is most exceptional, and it's facilitating our son and us do think the subject is thrilling, which is very fundamental. Thank you for the whole lot!
pandora bracelet http://www.pandorasbracelet.us
Reply authentic jordans
4:21 AM on February 5, 2021 
I wish to voice my affection for your kindness for those people who absolutely need help with the area. Your special commitment to getting the solution all-around was exceedingly important and has always enabled girls like me to arrive at their desired goals. This invaluable facts denotes so much a person like me and a whole lot more to my mates. Thank you; from all of us.
authentic jordans http://www.jordansforcheap.us.com
Reply pg 1
8:26 PM on February 5, 2021 
I am glad for writing to let you be aware of what a beneficial experience my cousin's girl found studying your site. She figured out some details, with the inclusion of what it's like to have a wonderful teaching mood to get folks without problems learn about several impossible issues. You really surpassed my desires. Thank you for producing the important, dependable, revealing and fun guidance on your topic to Gloria.
pg 1 http://www.paulgeorge.us.com
Reply yeezy
10:21 PM on February 5, 2021 
Thank you a lot for giving everyone an exceptionally remarkable chance to read from this website. It's usually very terrific and full of a good time for me personally and my office fellow workers to visit your blog minimum thrice weekly to read the new guidance you have got. Not to mention, I am also always amazed concerning the breathtaking tips and hints you give. Selected 2 ideas in this post are basically the very best I've ever had.
yeezy http://www.yeezy-boost.com
Reply lebron shoes
10:40 PM on February 6, 2021 
I wish to voice my gratitude for your kindness in support of those individuals that should have assistance with in this field. Your special commitment to getting the message throughout became rather invaluable and have constantly empowered women just like me to get to their pursuits. Your own warm and helpful tips and hints signifies a whole lot a person like me and even more to my office workers. Thanks a lot; from each one of us.
lebron shoes http://www.lebron18.us
Reply yeezy 500 blush
1:36 AM on February 7, 2021 
I wanted to post a brief note in order to express gratitude to you for these nice secrets you are placing on this site. My extensive internet lookup has now been paid with incredibly good facts to write about with my classmates and friends. I would claim that many of us readers actually are unquestionably fortunate to dwell in a remarkable network with many perfect people with beneficial points. I feel very lucky to have used your entire website page and look forward to really more fun minutes reading here. Thank you once more for a lot of things.
yeezy 500 blush http://www.yeezy-500.us.com
Reply kobe
6:32 PM on February 7, 2021 
I want to point out my admiration for your generosity giving support to all those that should have guidance on this important theme. Your special commitment to passing the solution along appears to be really invaluable and have in every case made women much like me to reach their pursuits. Your own helpful advice indicates a lot to me and extremely more to my peers. Warm regards; from all of us.
kobe http://www.kobe.us.com
0