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 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!

Oops, you forgot something.

Oops!

The words you entered did not match the given text. Please try again.

1265 Comments

Reply lebron 17
10:57 PM on February 24, 2021 
I wish to show my admiration for your generosity supporting individuals who really need assistance with this particular niche. Your special dedication to getting the message all over appeared to be exceptionally beneficial and have specifically enabled people just like me to attain their endeavors. The important report implies so much a person like me and even more to my peers. Thanks a lot; from all of us.
lebron 17 http://www.lebron17s.us
Reply pandora jewelry
4:43 AM on February 25, 2021 
I together with my guys appeared to be viewing the nice information and facts on the website then then got an awful suspicion I had not thanked you for those strategies. Those guys are actually as a result warmed to see all of them and now have quite simply been taking pleasure in them. Appreciation for really being well accommodating and also for choosing varieties of quality subject matter most people are really needing to understand about. Our honest regret for not expressing appreciation to earlier.
pandora jewelry http://www.pandora-jewelrys.us.com
Reply curry 8
8:22 AM on February 25, 2021 
Thanks for each of your work on this website. My aunt enjoys getting into investigation and it's really easy to see why. We hear all concerning the compelling means you give priceless guides via your web blog and even strongly encourage response from other ones on this topic so our girl has been becoming educated so much. Have fun with the rest of the new year. You have been performing a fabulous job.
curry 8 http://www.curry8shoes.us
Reply golden goose
10:02 AM on February 25, 2021 
Thanks a lot for giving everyone remarkably nice chance to read in detail from this web site. It really is very awesome and as well , jam-packed with fun for me personally and my office friends to visit your web site at a minimum 3 times a week to read the new items you have got. And lastly, I'm certainly contented concerning the sensational techniques you serve. Selected 2 tips in this post are completely the finest I have ever had.
golden goose http://www.goldengooses.us
Reply cheap jordans
11:34 AM on February 25, 2021 
My spouse and i have been absolutely fulfilled that Albert could finish up his researching through your ideas he received from your very own blog. It's not at all simplistic just to happen to be freely giving facts a number of people have been trying to sell. And now we do know we need the writer to thank for that. The type of illustrations you've made, the simple web site navigation, the friendships you will make it possible to promote - it is everything extraordinary, and it's really aiding our son in addition to the family do think this content is thrilling, and that's pretty fundamental. Many thanks for all!
cheap jordans http://www.cheap-airjordans.us.com
Reply supreme
5:41 AM on February 26, 2021 
Thank you for all your valuable work on this blog. My daughter enjoys getting into research and it's really easy to see why. A number of us notice all of the dynamic ways you render insightful guidance through your blog and invigorate participation from others on that area then our own simple princess is without question understanding so much. Take pleasure in the rest of the year. You have been conducting a stunning job.
supreme http://www.supremes.us.org
Reply calvin klein
9:10 AM on February 26, 2021 
I wish to express some thanks to the writer for bailing me out of such a matter. As a result of checking through the online world and getting ideas that were not beneficial, I assumed my entire life was over. Existing without the presence of approaches to the problems you've solved by means of the report is a serious case, and the kind which might have in a negative way damaged my entire career if I had not encountered your blog. Your own competence and kindness in handling every part was priceless. I don't know what I would've done if I had not come across such a thing like this. I can at this point relish my future. Thanks for your time so much for this high quality and sensible help. I won't think twice to endorse the blog to any person who should have guide about this problem.
calvin klein http://www.calvinkleinoutlet.us.com
Reply lebron 15 shoes
2:24 PM on February 26, 2021 
My spouse and i got joyful that Jordan could finish off his investigation via the ideas he grabbed through the web site. It's not at all simplistic to simply choose to be handing out ideas which usually people might have been trying to sell. And we also take into account we need the writer to thank for that. The specific illustrations you made, the simple blog menu, the friendships you will assist to instill - it's everything superb, and it is aiding our son in addition to us imagine that that theme is satisfying, and that's exceedingly essential. Thanks for all!
lebron 15 shoes http://www.lebron15.net
Reply kyrie 6
10:15 AM on February 27, 2021 
I wanted to write a small remark so as to express gratitude to you for the pleasant tips and tricks you are sharing on this site. My particularly long internet search has now been rewarded with really good tips to talk about with my colleagues. I 'd point out that many of us visitors actually are very much lucky to dwell in a fine network with so many marvellous people with great principles. I feel quite privileged to have seen the webpage and look forward to plenty of more thrilling minutes reading here. Thank you again for everything.
kyrie 6 http://www.kyrie6.org
Reply bape
4:10 PM on February 27, 2021 
A lot of thanks for your own efforts on this web site. Debby really loves doing investigation and it's obvious why. Most of us notice all regarding the compelling ways you offer good guidance on the web blog and boost contribution from website visitors on that topic so our simple princess is always understanding a great deal. Take advantage of the rest of the year. Your doing a stunning job.
bape http://www.bapehoodie.us
Reply jordan sneakers
9:24 PM on February 27, 2021 
Thank you so much for giving everyone an extremely pleasant chance to check tips from this site. It's always very superb and as well , jam-packed with a lot of fun for me personally and my office co-workers to visit your website on the least thrice a week to learn the fresh issues you will have. Of course, I am always impressed with your sensational techniques you give. Some 1 areas in this posting are essentially the most beneficial I have had.
jordan sneakers http://www.jordanssneakers.us.com
Reply pg shoes
11:49 PM on February 27, 2021 
I wish to get across my affection for your generosity in support of people that must have help on this one area of interest. Your personal commitment to passing the message around has been certainly good and has regularly enabled guys and women just like me to get to their objectives. Your own insightful suggestions implies a lot to me and somewhat more to my office workers. Thanks a lot; from everyone of us.
pg shoes http://www.paulgeorgeshoes.us.com
Reply off white shoes
1:09 AM on February 28, 2021 
I would like to convey my respect for your generosity giving support to all those that absolutely need help with this important theme. Your special commitment to getting the message all around was particularly effective and have in every case allowed workers just like me to achieve their targets. Your entire useful publication implies so much to me and even more to my office workers. Warm regards; from all of us.
off white shoes http://www.offwhiteshoes.us.com
Reply golden goose shoes
6:52 AM on February 28, 2021 
A lot of thanks for your own hard work on this website. My niece delights in carrying out research and it is obvious why. I notice all relating to the lively form you make sensible information via this web site and even strongly encourage participation from website visitors on this subject while my girl is without question starting to learn a great deal. Take advantage of the rest of the new year. You're the one conducting a pretty cool job.
golden goose shoes http://www.goldengoose-shoes.us.com
Reply steph curry shoes
11:40 AM on February 28, 2021 
I together with my buddies came looking through the nice tricks on the blog while instantly got a terrible suspicion I never expressed respect to the website owner for those tips. Most of the people happened to be absolutely glad to study all of them and have in effect simply been making the most of them. I appreciate you for indeed being indeed accommodating and then for deciding upon such brilliant guides millions of individuals are really desperate to be informed on. My personal sincere apologies for not saying thanks to you earlier.
steph curry shoes http://www.curryshoes.net
Reply supreme hoodie
12:21 PM on February 28, 2021 
I have to express thanks to this writer for bailing me out of this circumstance. As a result of scouting through the online world and finding thoughts that were not powerful, I believed my entire life was gone. Existing minus the solutions to the problems you've solved through this short article is a serious case, and ones which could have in a wrong way damaged my career if I hadn't noticed your site. Your good understanding and kindness in maneuvering a lot of stuff was very useful. I'm not sure what I would have done if I hadn't come across such a step like this. I can also at this moment look ahead to my future. Thanks so much for the professional and result oriented guide. I will not be reluctant to suggest your web sites to any individual who would like support about this issue.
supreme hoodie http://www.supremehoodies.us
Reply off white
5:28 PM on February 28, 2021 
I am also writing to let you know of the helpful discovery our daughter experienced browsing your webblog. She picked up a good number of details, which included what it's like to possess an amazing helping style to let men and women with ease comprehend some advanced subject areas. You undoubtedly surpassed our expectations. Many thanks for coming up with the informative, safe, informative not to mention fun thoughts on that topic to Gloria.
off white http://www.offwhite.us.com
Reply michael jordan shoes
5:38 AM on March 1, 2021 
Thanks a lot for giving everyone a very remarkable possiblity to read articles and blog posts from here. It is always so nice and also stuffed with a great time for me personally and my office colleagues to visit your blog minimum 3 times every week to study the latest things you will have. Not to mention, I'm just usually pleased with your amazing creative ideas served by you. Certain 4 tips in this post are basically the finest I have had.
michael jordan shoes http://www.michaeljordanshoes.us.com
Reply jordan shoes
9:41 AM on March 1, 2021 
I intended to put you the very small word to finally say thank you once again regarding the nice tactics you've shown here. It is simply shockingly open-handed with people like you in giving openly what some people would've offered for an e book to get some dough for their own end, chiefly considering that you might have tried it if you decided. These smart ideas also acted to be the fantastic way to understand that some people have similar eagerness like my own to figure out a great deal more in regard to this matter. I'm certain there are a lot more pleasant times in the future for those who looked at your blog.
jordan shoes http://www.jordanshoes.us
Reply kyrie irving shoes
1:59 PM on March 1, 2021 
I wish to express my thanks to you just for rescuing me from this crisis. Right after surfing around through the internet and coming across suggestions which were not beneficial, I assumed my life was well over. Existing without the presence of strategies to the problems you've sorted out by means of your main guideline is a crucial case, and ones that would have adversely damaged my entire career if I hadn't discovered your site. Your main capability and kindness in playing with all the pieces was excellent. I am not sure what I would've done if I had not encountered such a thing like this. I can also at this time relish my future. Thank you very much for this expert and result oriented guide. I won't hesitate to propose your web site to anybody who needs support on this topic.
kyrie irving shoes http://www.kyrie7shoes.us
0