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 talentuum
12:48 AM on April 5, 2021 
asics onitsuka tiger cena billig nike kobe 9 elite womens day nike flyfit green black nike kyrie 4 toronto blue jays star wars hat 30 nike air max 90 kids black white green shoes billig
talentuum http://www.talentuum.net/
Reply supreme clothing
3:08 AM on April 5, 2021 
I definitely wanted to type a simple note to express gratitude to you for all the magnificent guidelines you are giving on this website. My extensive internet research has at the end been paid with good facts to talk about with my guests. I would point out that we readers are very much lucky to be in a really good place with many special individuals with interesting opinions. I feel extremely happy to have encountered your entire webpage and look forward to many more pleasurable times reading here. Thanks a lot again for everything.
supreme clothing http://www.supremeclothingsstore.com
Reply kyrie 7
12:12 PM on April 5, 2021 
Needed to write you a very small remark to thank you so much the moment again just for the magnificent advice you've contributed on this website. It's really incredibly open-handed of people like you to present unreservedly all some people would have supplied as an e-book to help make some bucks for themselves, principally considering the fact that you might well have done it if you ever desired. Those guidelines additionally worked as a easy way to recognize that other people online have similar fervor much like mine to grasp good deal more on the subject of this problem. I believe there are lots of more pleasant opportunities ahead for those who examine your site.
kyrie 7 http://www.kyrie-7.com
Reply off white hoodie
1:55 PM on April 5, 2021 
I am commenting to let you know of the outstanding discovery my daughter encountered using your webblog. She figured out so many things, which include what it is like to have a very effective helping nature to make many people without hassle thoroughly grasp some hard to do things. You truly exceeded our own expectations. Thank you for displaying such beneficial, healthy, educational and in addition unique guidance on this topic to Gloria.
off white hoodie http://www.offwhitehoodies.us
Reply smartervin
2:44 PM on April 5, 2021 
nike air max 2017 purple shoes white blue air jordan cp3 bel air 2012 adidas ultra boost clima triple white adidas predator line nike zoom hyperfuse xdr white gold billig nike air jordan 13 retro bred
smartervin http://www.smartervin.com/
Reply brnioc
3:59 PM on April 5, 2021 
michael jordan hats amazon for cheap black and green nike air huarache for sale shoes spain penguins 81 phil kessel black sawyer hooded sweatshirt 2016 stanley cup champions stitched nhl jersey adidas ace 17.3 in yellow red black billig all grey new air jordan 8 billig nike air max 1 triple noir gs
brnioc http://www.brnioc.net/
Reply yeezy 700
3:50 AM on April 6, 2021 
I want to express thanks to the writer just for bailing me out of such a issue. After surfing around through the the web and coming across ways which were not productive, I believed my life was gone. Living without the approaches to the issues you have sorted out by means of the review is a critical case, and those which might have negatively damaged my entire career if I hadn't come across your blog. Your main capability and kindness in controlling a lot of things was very helpful. I'm not sure what I would've done if I had not encountered such a step like this. It's possible to at this moment look ahead to my future. Thanks very much for the professional and result oriented help. I will not hesitate to propose the blog to any individual who would like assistance on this area.
yeezy 700 http://www.yeezys700.com
Reply sagerllp
4:06 AM on April 6, 2021 
new york yankees cap pakistan zone adidas dame 4 sizing video billig nike air max lunar 1 womens pink yellow buy football shirts online for cheap air jordan 6 30th anniversary big & tall nfl jerseys for cheap
sagerllp http://www.sagerllp.net/
Reply luminorama
8:02 AM on April 6, 2021 
boston red sox navy blue franchise fitted hat kit cheap all white adidas ace soccer cleats miami heat 3 dwyane wade gray with black pinstripe womens jersey nike air force 1 low wheat flax billig nike free 5.0 v3 grey purple shoes on sale billig nike hypervenom phelon iii ag all grey red uk billig
luminorama http://www.luminorama.com/
Reply laramari
5:41 PM on April 6, 2021 
new york yankees cap pakistan zone adidas dame 4 sizing video billig nike air max lunar 1 womens pink yellow buy football shirts online for cheap air jordan 6 30th anniversary big & tall nfl jerseys for cheap
laramari http://www.laramari.com/
Reply yeezys
5:50 PM on April 6, 2021 
I have to express some thanks to the writer for bailing me out of this particular circumstance. Right after looking out throughout the world-wide-web and getting views which are not powerful, I was thinking my life was over. Existing devoid of the strategies to the issues you've resolved through your website is a crucial case, and the ones which may have badly affected my entire career if I had not discovered your website. That talents and kindness in playing with all the stuff was precious. I am not sure what I would have done if I hadn't discovered such a step like this. I'm able to at this point look ahead to my future. Thanks so much for the reliable and result oriented guide. I will not think twice to suggest your web sites to any person who would like guide about this subject.
yeezys http://www.yeezy-shoes.us.org
Reply fpinet
11:56 PM on April 6, 2021 
black and yellow melo 13 elite barkevious mingo womens jersey cleveland browns 51 drift fashion brown nfl how to make a baby hat with yarn youtube red lebron 15 billig nike air max tn yupoo 2017 billig nike epic react flyknit white red grey shoes on sale billig
fpinet http://www.fpinet.net/
Reply longchamp handbags
1:56 AM on April 7, 2021 
Thank you so much for giving everyone remarkably nice chance to check tips from here. It is always so pleasant and stuffed with a good time for me personally and my office colleagues to visit your web site at least 3 times every week to see the new things you have got. Not to mention, I'm just usually fascinated considering the powerful pointers you serve. Certain 4 areas in this posting are surely the best we have all had.
longchamp handbags http://www.longchampshandbags.us
Reply lebron 18
3:53 AM on April 7, 2021 
I wish to express my love for your kindness in support of all those that absolutely need guidance on this concept. Your very own dedication to getting the solution all over ended up being astonishingly productive and has constantly helped girls much like me to reach their aims. The invaluable advice means a lot to me and still more to my fellow workers. Regards; from all of us.
lebron 18 http://www.lebron18shoes.us
Reply golden goose sneakers
6:40 AM on April 7, 2021 
I needed to draft you the bit of remark just to say thank you over again regarding the amazing suggestions you have documented on this site. It is so extremely open-handed with you to grant freely just what a lot of folks might have made available as an ebook to generate some cash for their own end, mostly considering the fact that you could have done it if you decided. These strategies likewise served as the great way to be aware that many people have a similar interest really like my very own to see whole lot more regarding this matter. I'm certain there are several more fun sessions ahead for many who browse through your blog post.
golden goose sneakers http://www.goldengoosessale.com
Reply diecreative
7:23 AM on April 7, 2021 
nike free flyknit 5.0 womens all white gold uk billig eagles jersey white all grey lebron championship pack new balance 990v4 leather billig toddler girl steelers apparel nike air jordan 9 gs gold and black billig
diecreative http://www.diecreative.net/
Reply jordan shoes
8:23 AM on April 7, 2021 
Thank you a lot for giving everyone an exceptionally breathtaking possiblity to read articles and blog posts from here. It's always so kind and packed with fun for me and my office peers to visit your blog no less than three times every week to see the newest stuff you will have. Not to mention, I'm just usually amazed for the beautiful information served by you. Certain two ideas on this page are particularly the simplest I have ever had.
jordan shoes http://www.jordan6.us.com
Reply moncler
1:15 PM on April 7, 2021 
My wife and i were now delighted that Raymond could do his analysis out of the precious recommendations he got through your weblog. It is now and again perplexing to simply happen to be offering tips and hints that a number of people could have been making money from. And we also fully grasp we've got the blog owner to be grateful to because of that. The main illustrations you have made, the easy site menu, the friendships your site make it possible to engender - it's all astonishing, and it's really facilitating our son in addition to the family consider that this concept is interesting, which is quite indispensable. Thanks for all the pieces!
moncler http://www.monclerjackets.us
Reply universant
4:13 PM on April 7, 2021 
nike nfl baltimore ravens 4 sam koch elite women black alternate jersey sale colts army hoodie for cheap nike kaishi ns green black orange white nike timpox finale uk shoes billig adidas yeezy boost 350 v2 cream white jam billig limited cornelius lucas womens jersey detroit lions 77 road white nfl
universant http://www.universant.net/
Reply a bathing ape
10:15 PM on April 7, 2021 
I have to show my admiration for your kindness in support of folks that have the need for assistance with the matter. Your very own dedication to passing the solution all around became definitely informative and have frequently encouraged guys just like me to realize their endeavors. Your amazing helpful hints and tips signifies much to me and further more to my peers. With thanks; from each one of us.
a bathing ape http://www.bape-clothing.us
0