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 Maryfog
2:25 AM on March 5, 2021 
vaginal clindamycin cream cleocin buy levitra online no prescription viagra 100mg cost in india seroquel 50 mg generic cheap cialis online australia tretinoin price can i buy nexium over the counter synthroid 25 mcg levitra online paypal gabapentin 400 mg capsule
Reply Denfog
8:13 AM on March 5, 2021 
seroquel 25 mg over the counter buy cialis cheap best canadian online pharmacy cialis daily best price buy clomid 50mg uk
Reply kratom calories
2:08 PM on March 5, 2021 
Amazing! This blog looks just like my old one! It'son a
entirely different subject but it has pretty much the same page layout and design. Outstanding choice of colors!


https://clients1.google.com.lb/url?q=https://bestwwwkratom.com
kratom calories
kratom calories https://clients1.google.com.lb/url?q=https://bestwwwkratom.com
Reply kratom calories
2:09 PM on March 5, 2021 
Amazing! This blog looks just like my old one! It's on a entirely different subject butt it has pretty much the szme page layout and design. Outstanding choice of colors!

https://clients1.google.com.lb/url?q=https://bestwwwkratom.com
kratom calories
kratom calories https://clients1.google.com.lb/url?q=https://bestwwwkratom.com
Reply Amyfog
4:09 PM on March 5, 2021 
how to use viagra
Reply Jasonfog
4:46 PM on March 5, 2021 
canadianpharmacymeds cialis gel uk cost of atenolol uk cialis 20mg cost cialis pharmacy discount propecia no prescription bonus 98212 clindamycin cap 300 mg cost gabapentin 50 mg cheap generic viagra no prescription best price malegra fxt
Reply Kiafog
11:00 PM on March 5, 2021 
clomidmedication.co.uk
Reply Paulfog
3:41 AM on March 6, 2021 
sildenafil 5343 mexican pharmacy zyban for weight loss buy viagra online buy cialis gel
Reply Paulfog
6:55 AM on March 6, 2021 
canadian pharmacy abilify 10 mg cialis erection buy levitra tablets medrol price in uk italian pharmacy online
Reply Amyfog
9:09 AM on March 6, 2021 
buy fincar online
Reply Maryfog
9:17 AM on March 6, 2021 
50 mg modafinil daily where to buy viagra in singapore how to purchase viagra tadalafil tablets canada clindamycin without a prescription 75 mg clomid female viagra prescription 100mg viagra zithromax antibiotic nexium 20
Reply jordan shoes
1:00 PM on March 6, 2021 
I wanted to develop a simple note to say thanks to you for the remarkable information you are giving out here. My prolonged internet lookup has finally been recognized with reliable facts and strategies to exchange with my contacts. I would tell you that we visitors actually are definitely blessed to be in a notable website with so many outstanding people with interesting hints. I feel somewhat fortunate to have discovered your webpages and look forward to plenty of more exciting times reading here. Thank you again for everything.
jordan shoes http://www.shoesjordan.us.com
Reply Carlfog
4:29 PM on March 6, 2021 
100 mg prozac plaquenil discount tadalafil 25mg female viagra pill clindamycin gel singapore
Reply Judyfog
8:06 PM on March 6, 2021 
stromectol 3 mg retin a online no prescription needed pharmacy flagyl 400 azithromycin india cost cleocin cap 150 mg metformin tab price cheapest nexium prices provigil online no prescription sildenafil 100
Reply Lisafog
2:52 AM on March 7, 2021 
order ivermectin online
Reply Kiafog
3:14 AM on March 7, 2021 
metformin cream
Reply Maryfog
4:40 AM on March 7, 2021 
atenolol 12.5 mg daily cost of sildenafil 20 mg generic malegra fxt synthroid 75 mcg zofran cheap buy ciprofloxacin online can you buy albenza over the counter buy generic seroquel generic viagra cost purchase wellbutrin
Reply Alanfog
5:37 AM on March 7, 2021 
where can i buy viagra online without a prescription flagyl tablet albendazole usa buy online sildenafil citrate cialis brand name in india can you buy viagra online canada pharmacy online cialis generic cialus erythromycin 500mg price in india
Reply Kiafog
7:23 AM on March 7, 2021 
online pharmacy australia cialis
Reply Amyfog
7:56 AM on March 7, 2021 
cialis for sale over the counter
0