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.

963 Comments

Reply air jordan
12:14 AM on May 4, 2021 
Thank you a lot for providing individuals with an exceptionally spectacular chance to check tips from this web site. It can be so useful plus full of a lot of fun for me and my office peers to search your website the equivalent of three times a week to study the new tips you have. And lastly, I'm so always motivated considering the mind-blowing solutions you serve. Some 2 facts in this article are indeed the very best I have had.
air jordan http://www.jordanshoes.us
Reply kyrie irving shoes
6:05 AM on May 4, 2021 
My spouse and i ended up being really delighted Ervin could do his basic research from the ideas he gained while using the blog. It's not at all simplistic just to choose to be giving out information and facts which usually men and women could have been trying to sell. And we take into account we now have the website owner to give thanks to for that. All the explanations you made, the straightforward site menu, the friendships your site make it easier to foster - it is everything fabulous, and it's really making our son and our family reckon that the theme is pleasurable, and that is quite indispensable. Many thanks for all the pieces!
kyrie irving shoes http://www.kyrieirving-shoes.us.com
Reply yeezy boost 350
7:17 PM on May 4, 2021 
I precisely wished to thank you very much once again. I do not know the things I would've followed without the entire tips documented by you relating to that area. It has been a very daunting matter in my opinion, but being able to see a specialised manner you treated that forced me to leap over fulfillment. Now i am grateful for your work and in addition wish you are aware of an amazing job you're undertaking training the mediocre ones all through your blog. I am sure you've never met all of us.
yeezy boost 350 http://www.adidasyeezyboost350.us.com
Reply curry shoes
1:06 AM on May 5, 2021 
I in addition to my pals were looking at the nice suggestions from your web page and then all of the sudden came up with an awful suspicion I had not expressed respect to the web blog owner for those secrets. Most of the men are already certainly joyful to learn all of them and already have in truth been enjoying them. Appreciate your indeed being indeed kind and for picking this form of decent subjects most people are really desirous to understand about. Our own sincere regret for not expressing gratitude to earlier.
curry shoes http://www.curry7shoes.us
Reply steph curry shoes
1:07 AM on May 5, 2021 
I must show my thanks to you just for bailing me out of such a setting. Just after checking through the world-wide-web and seeing solutions which are not productive, I was thinking my entire life was over. Existing minus the approaches to the difficulties you've sorted out as a result of your entire short article is a critical case, as well as those which might have in a negative way affected my career if I hadn't noticed your web blog. The natural talent and kindness in taking care of everything was excellent. I am not sure what I would have done if I had not come upon such a stuff like this. I am able to now look forward to my future. Thank you very much for your impressive and amazing guide. I will not hesitate to propose your web blog to anybody who will need guidance about this situation.
steph curry shoes http://www.stephencurry-shoes.us.com
Reply kobe 9
1:08 AM on May 5, 2021 
I'm also commenting to make you know what a helpful encounter our princess undergone browsing the blog. She discovered a lot of issues, which include what it is like to possess an ideal teaching nature to let other people with no trouble learn about chosen hard to do matters. You really surpassed her expected results. Thanks for churning out these good, safe, informative and even fun tips on the topic to Julie.
kobe 9 http://www.kobebasketballshoes.net
Reply kyrie irving
4:15 AM on May 5, 2021 
Thank you so much for providing individuals with a very wonderful opportunity to read critical reviews from this site. It's usually very superb and as well , packed with a good time for me and my office peers to visit your site a minimum of 3 times in a week to find out the new guidance you have got. And lastly, I'm just certainly motivated with your excellent solutions you give. Certain 3 tips on this page are clearly the most impressive we have had.
kyrie irving http://www.kyrieirvingshoes.us.com
Reply supreme clothing
3:35 PM on May 5, 2021 
I wanted to develop a simple remark to thank you for these stunning recommendations you are giving out at this website. My incredibly long internet look up has now been compensated with extremely good information to exchange with my colleagues. I would say that we visitors are very much endowed to be in a wonderful website with many awesome professionals with beneficial things. I feel rather happy to have encountered the web page and look forward to tons of more enjoyable minutes reading here. Thanks a lot again for everything.
supreme clothing http://www.supremeclothings.com
Reply yeezy shoes
9:23 PM on May 5, 2021 
I would like to point out my affection for your kindness in support of persons that should have help on this important content. Your personal commitment to getting the solution all around appears to be definitely insightful and have frequently enabled women just like me to get to their desired goals. Your personal important guide signifies much to me and much more to my peers. Warm regards; from everyone of us.
yeezy shoes http://www.yeezy-shoes.us.org
Reply yeezy
12:34 AM on May 6, 2021 
I actually wanted to construct a simple word to thank you for those awesome tips you are writing at this website. My time-consuming internet look up has now been compensated with reputable knowledge to go over with my visitors. I 'd claim that we site visitors actually are truly lucky to dwell in a good site with so many wonderful people with beneficial tactics. I feel extremely fortunate to have seen the website and look forward to so many more excellent minutes reading here. Thanks a lot once more for all the details.
yeezy http://www.adidasyeezyshoes.com
Reply yeezy boost 500
1:59 AM on May 6, 2021 
I'm writing to let you be aware of of the incredible discovery my friend's girl obtained studying the blog. She even learned so many details, which included what it's like to have an ideal helping mindset to let other people quite simply learn about specified extremely tough subject areas. You actually exceeded her expectations. Many thanks for giving these interesting, healthy, explanatory not to mention cool thoughts on the topic to Ethel.
yeezy boost 500 http://www.yeezy-500.us.com
Reply yeezy shoes
11:49 AM on May 6, 2021 
I precisely wanted to say thanks yet again. I am not sure the things that I could possibly have accomplished without the entire solutions shown by you concerning such a situation. It became a very alarming circumstance for me, however , looking at your specialised strategy you handled that forced me to cry for contentment. Now i'm thankful for your help and in addition believe you realize what a powerful job that you're providing training the rest by way of your webblog. I am sure you have never met all of us.
yeezy shoes http://www.yeezyshoes.in.net
Reply curry 5
5:27 PM on May 6, 2021 
I simply wanted to write a comment so as to express gratitude to you for all the remarkable tactics you are writing at this site. My time consuming internet investigation has at the end of the day been rewarded with excellent strategies to go over with my guests. I 'd mention that we website visitors are undeniably endowed to be in a perfect community with many special people with helpful guidelines. I feel somewhat blessed to have come across your weblog and look forward to tons of more enjoyable times reading here. Thanks again for everything.
curry 5 http://www.curry5.us.com
Reply moncler
6:47 AM on May 7, 2021 
Thank you so much for providing individuals with an extremely marvellous opportunity to read in detail from this blog. It is usually so superb and stuffed with a lot of fun for me and my office friends to search your website no less than three times in 7 days to read through the newest issues you have got. And indeed, I'm just usually fulfilled with all the terrific tactics served by you. Certain 3 points on this page are truly the most beneficial we have all had.
moncler http://www.monclersoutletstore.com
Reply curry 8
12:37 PM on May 7, 2021 
I and also my guys ended up taking note of the excellent tips from your site then unexpectedly I had a horrible feeling I had not thanked the web blog owner for those strategies. My people became so happy to read through all of them and now have pretty much been taking pleasure in those things. Appreciation for turning out to be so considerate and also for selecting these kinds of marvelous things most people are really eager to be informed on. Our honest regret for not expressing appreciation to you earlier.
curry 8 http://www.curry8shoes.us
Reply golden goose
5:03 PM on May 7, 2021 
I intended to draft you a very small word just to thank you so much over again regarding the extraordinary suggestions you have shown here. This has been so tremendously generous of you to convey without restraint exactly what a lot of folks would've advertised as an e book to generate some dough for themselves, mostly considering that you might have done it in the event you decided. These guidelines additionally acted like a great way to fully grasp most people have the same dream similar to my personal own to realize more and more with regard to this issue. I'm sure there are lots of more enjoyable times up front for those who find out your blog post.
golden goose http://www.goldengooseoutlets.us
Reply kobe 9
2:07 AM on May 8, 2021 
My wife and i got really lucky that John managed to do his investigation using the precious recommendations he was given from your own weblog. It's not at all simplistic just to happen to be giving away guidance which usually others could have been trying to sell. Therefore we consider we have got the website owner to thank for this. The type of illustrations you made, the easy blog menu, the friendships you can give support to create - it's got most excellent, and it is leading our son in addition to our family recognize that this concept is entertaining, which is wonderfully vital. Thank you for the whole thing!
kobe 9 http://www.kobebasketballshoes.net
Reply supreme clothing
12:27 PM on May 8, 2021 
A lot of thanks for all your efforts on this blog. Betty really loves getting into investigations and it's really simple to grasp why. All of us know all about the lively form you provide very useful tips and tricks by means of the web site and even welcome participation from the others about this topic so my princess is certainly starting to learn a lot of things. Enjoy the remaining portion of the year. You're doing a really good job.
supreme clothing http://www.supremes.us.org
Reply kyrie 5 shoes
3:27 AM on May 9, 2021 
Thank you for all of your hard work on this site. Gloria take interest in engaging in investigations and it is easy to see why. All of us learn all concerning the dynamic way you convey informative techniques via the web blog and as well inspire contribution from website visitors on the subject matter so our princess is undoubtedly being taught so much. Enjoy the remaining portion of the year. You are conducting a pretty cool job.
kyrie 5 shoes http://www.kyrie5.org
Reply curry shoes
7:53 AM on May 9, 2021 
I'm also writing to make you understand of the magnificent encounter my friend's daughter gained reading your web page. She noticed a lot of things, not to mention how it is like to have a marvelous coaching mood to have the others very easily grasp selected advanced topics. You really surpassed our own expectations. Many thanks for providing those warm and helpful, dependable, revealing not to mention easy tips on the topic to Sandra.
curry shoes http://www.curryshoes.us.com
0