SFS Accounting
Shopping Cart
Your Cart is Empty
Quantity:
Subtotal
Taxes
Shipping
Total
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.
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
New service for my clients
| Posted on October 2, 2019 at 1:40 PM |
I am now licensed to offer consultancy services for computerised accounting systems. Please contact me to discuss if you are considering purchasing a new computerised accounting system or need support with your current system.
Categories: None
Post a Comment
Oops!
The words you entered did not match the given text. Please try again.
1265 Comments
Reply
supreme clothing
6:00 PM on September 3, 2020
An fascinating discussion is price comment. I believe that you must write more on this subject, it won't be a taboo topic but generally individuals are not enough to speak on such topics. To the next. Cheers
supreme clothing http://www.supremesclothing.us.org
supreme clothing http://www.supremesclothing.us.org
Reply
balenciaga sneakers
6:28 PM on September 3, 2020
Oh my goodness! a tremendous article dude. Thank you Nevertheless I'm experiencing difficulty with ur rss . Don?t know why Unable to subscribe to it. Is there anybody getting similar rss downside? Anybody who is aware of kindly respond. Thnkx
balenciaga sneakers http://www.balenciaga-sneakers.us.com
balenciaga sneakers http://www.balenciaga-sneakers.us.com
Reply
supreme clothing
3:03 AM on September 4, 2020
There are some interesting cut-off dates on this article but I don?t know if I see all of them center to heart. There's some validity however I'll take maintain opinion until I look into it further. Good article , thanks and we wish more! Added to FeedBurner as effectively
supreme clothing http://www.supremesclothing.us.org
supreme clothing http://www.supremesclothing.us.org
Reply
kyrie 5 spongebob
9:45 AM on September 4, 2020
I?m impressed, I have to say. Actually hardly ever do I encounter a blog that?s both educative and entertaining, and let me inform you, you might have hit the nail on the head. Your idea is excellent; the difficulty is one thing that not enough persons are speaking intelligently about. I am very joyful that I stumbled throughout this in my search for something relating to this.
kyrie 5 spongebob http://www.kyrie5spongebob.us
kyrie 5 spongebob http://www.kyrie5spongebob.us
Reply
cheap jordans
5:50 PM on September 4, 2020
It's best to participate in a contest for among the best blogs on the web. I'll advocate this website!
cheap jordans http://www.air-jordanshoes.us.org
cheap jordans http://www.air-jordanshoes.us.org
Reply
kd 11 shoes
7:49 PM on September 4, 2020
Would you be all in favour of exchanging hyperlinks?
kd 11 shoes http://www.kd11.us
kd 11 shoes http://www.kd11.us
Reply
kd13
6:25 AM on September 5, 2020
I?m impressed, I must say. Really rarely do I encounter a weblog that?s each educative and entertaining, and let me let you know, you could have hit the nail on the head. Your idea is excellent; the difficulty is something that not sufficient individuals are speaking intelligently about. I'm very completely satisfied that I stumbled throughout this in my search for something relating to this.
kd13 http://www.kd13.us
kd13 http://www.kd13.us
Reply
kd13
6:42 PM on September 5, 2020
That is the proper weblog for anybody who needs to seek out out about this topic. You understand so much its almost onerous to argue with you (not that I actually would want?HaHa). You definitely put a new spin on a subject thats been written about for years. Great stuff, just great!
kd13 http://www.kd13.us
kd13 http://www.kd13.us
Reply
birkin bag
8:20 PM on September 5, 2020
WONDERFUL Post.thanks for share..extra wait .. ?
birkin bag http://www.birkinbag.us.com
birkin bag http://www.birkinbag.us.com
Reply
golden goose
8:51 PM on September 5, 2020
There are some attention-grabbing deadlines on this article however I don?t know if I see all of them heart to heart. There may be some validity however I'll take maintain opinion until I look into it further. Good article , thanks and we want extra! Added to FeedBurner as nicely
golden goose http://www.goldengoosesneakersstore.com
golden goose http://www.goldengoosesneakersstore.com
Reply
balenciaga shoes
12:59 PM on September 6, 2020
There are some fascinating deadlines on this article but I don?t know if I see all of them center to heart. There is some validity however I will take hold opinion until I look into it further. Good article , thanks and we would like extra! Added to FeedBurner as effectively
balenciaga shoes http://www.balenciagaspeeds.com
balenciaga shoes http://www.balenciagaspeeds.com
Reply
yeezy boost 350 v2
3:58 PM on September 6, 2020
There are definitely loads of particulars like that to take into consideration. That could be a great point to bring up. I offer the thoughts above as common inspiration however clearly there are questions just like the one you deliver up the place the most important factor will be working in trustworthy good faith. I don?t know if best practices have emerged around issues like that, however I'm positive that your job is clearly identified as a good game. Both boys and girls feel the impression of just a moment?s pleasure, for the rest of their lives.
yeezy boost 350 v2 http://www.yeezyboost-350v2.us.com
yeezy boost 350 v2 http://www.yeezyboost-350v2.us.com
Reply
stephen curry shoes
8:45 PM on September 6, 2020
It?s exhausting to seek out educated individuals on this subject, however you sound like you know what you?re talking about! Thanks
stephen curry shoes http://www.stephcurry.us
stephen curry shoes http://www.stephcurry.us
Reply
jordans
12:14 AM on September 7, 2020
An fascinating discussion is worth comment. I feel that it is best to write extra on this matter, it might not be a taboo subject however generally persons are not enough to talk on such topics. To the next. Cheers
jordans http://www.jordanssneakers.us.com
jordans http://www.jordanssneakers.us.com
Reply
steph curry shoes
2:04 PM on September 7, 2020
There are some interesting cut-off dates on this article however I don?t know if I see all of them center to heart. There is some validity but I'll take hold opinion till I look into it further. Good article , thanks and we want extra! Added to FeedBurner as effectively
steph curry shoes http://www.curryshoes.net
steph curry shoes http://www.curryshoes.net
Reply
nike epic react
8:49 PM on September 7, 2020
very good put up, i certainly love this web site, keep on it
nike epic react http://www.nikereact.org
nike epic react http://www.nikereact.org
Reply
off white shoes
11:32 PM on September 7, 2020
Would you be occupied with exchanging links?
off white shoes http://www.offwhiteshoes.us.com
off white shoes http://www.offwhiteshoes.us.com
Reply
jordan shoes
12:13 AM on September 8, 2020
I'm usually to blogging and i really appreciate your content. The article has really peaks my interest. I am going to bookmark your site and hold checking for brand spanking new information.
jordan shoes http://www.air-jordanshoes.us.org
jordan shoes http://www.air-jordanshoes.us.org
Oops!
Oops, you forgot something.