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 sarahtkaye
6:15 PM on April 15, 2021 
air max 90 boots 2014 new york yankees cap retro zoning nike air jordan 1 prix jordan 88 retro billig nike lebron soldier 9 india tracking billig elite jordan cameron mens jersey miami dolphins 84 road white nfl
sarahtkaye http://www.sarahtkaye.net/
Reply stephenemay
8:57 PM on April 15, 2021 
men nike free cheap white and red shoes mia hamm shirt off wholesale nike hyperdunk 2017 white black blue billig chicago bears training camp bucket hat for cheap mizuno wave bolt 6 mens billig adidas nmd r1 primeknit core black monkey billig
stephenemay http://www.stephenemay.com/
Reply yeezy 500
9:44 PM on April 15, 2021 
I simply wanted to appreciate you once again. I am not sure what I would've followed in the absence of those aspects documented by you relating to such a theme. It truly was an absolute challenging crisis for me, however , observing the skilled form you dealt with it forced me to jump with happiness. Now i am happier for the support and then hope you are aware of a powerful job you're doing educating the mediocre ones with the aid of your web site. Most likely you haven't got to know all of us.
yeezy 500 http://www.yeezy-500.us.com
Reply supreme clothing
11:48 PM on April 15, 2021 
I want to get across my affection for your kindness in support of individuals that should have help on this important theme. Your special dedication to getting the message all-around came to be extraordinarily important and have constantly allowed guys much like me to get to their goals. Your own important information entails much to me and a whole lot more to my office colleagues. With thanks; from each one of us.
supreme clothing http://www.supremeclothingsstore.com
Reply curry 5
3:17 AM on April 16, 2021 
I am also commenting to let you know of the nice encounter my princess encountered reading through your webblog. She figured out such a lot of details, most notably what it is like to possess a very effective teaching spirit to make folks without problems learn specific specialized topics. You undoubtedly surpassed my expected results. Many thanks for providing these productive, healthy, explanatory and in addition easy thoughts on that topic to Sandra.
curry 5 http://www.curry5.us.com
Reply jordan shoes
3:37 AM on April 16, 2021 
I want to express appreciation to you just for bailing me out of this type of difficulty. Right after surfing throughout the the web and finding ideas that were not productive, I assumed my entire life was done. Living without the strategies to the problems you have fixed by way of your blog post is a critical case, and those which might have in a negative way damaged my career if I hadn't come across the blog. Your actual knowledge and kindness in taking care of every part was important. I am not sure what I would've done if I had not come upon such a stuff like this. I can at this point look ahead to my future. Thanks for your time so much for this specialized and results-oriented help. I won't be reluctant to recommend your web site to any person who should get guidelines on this problem.
jordan shoes http://www.jordan13.us.com
Reply yeezy
4:00 AM on April 16, 2021 
I wish to show my thanks to the writer for bailing me out of this particular challenge. As a result of exploring through the internet and meeting proposals that were not beneficial, I assumed my entire life was gone. Being alive without the presence of strategies to the difficulties you've sorted out by means of this write-up is a serious case, as well as the ones which might have badly damaged my career if I hadn't discovered the blog. Your good expertise and kindness in taking care of all the things was very helpful. I am not sure what I would've done if I had not come upon such a thing like this. I'm able to at this point look forward to my future. Thanks a lot so much for the expert and amazing help. I will not be reluctant to recommend your web sites to anybody who should get support on this situation.
yeezy http://www.supplyyeezy.us
Reply supreme hoodie
7:37 AM on April 16, 2021 
I simply needed to thank you very much all over again. I'm not certain the things that I could possibly have created without the actual suggestions documented by you relating to such concern. This has been an absolute challenging situation for me personally, nevertheless taking note of a new well-written tactic you managed that forced me to weep with gladness. Now i am thankful for the help and expect you realize what an amazing job you have been undertaking teaching many others by way of your web blog. Most likely you haven't encountered any of us.
supreme hoodie http://www.supremeclothingsstore.com
Reply yeezy boost 380
8:20 AM on April 16, 2021 
Thanks for all your efforts on this site. Gloria delights in setting aside time for research and it's really obvious why. My spouse and i learn all of the compelling tactic you present great steps on this website and in addition recommend contribution from people on that situation then our child is now starting to learn a lot of things. Enjoy the remaining portion of the year. Your conducting a very good job.
yeezy boost 380 http://www.yeezyboost380.us
Reply wortvoll
9:36 AM on April 16, 2021 
denver broncos 95 derek wolfe green mens stitched nfl limited salute to service jersey jordan 10 ovo white restock for cheap fc barcelona neon green jersey adidas barricade ii hvit kvinners sko adidas messi 10.1 indoor quotes all white yeezy trainer.net
wortvoll http://www.wortvoll.net/
Reply scahcr
3:53 PM on April 16, 2021 
cheap all gray nike hypervenom phinish new balance 751 all grey red billig air max 90 essential price jordan melo m12 all star billig nike sb stefan janoski max obsidian hot lava white nike kobe 10 cheap quality billig
scahcr http://www.scahcr.com/
Reply yeezy
5:17 PM on April 16, 2021 
I wanted to send you the tiny observation to be able to thank you so much yet again for all the incredible secrets you have shared on this site. It has been so tremendously generous of you to offer extensively what exactly a number of us would've offered for sale as an e book to get some money for their own end, primarily given that you might well have tried it in case you wanted. Those things as well served to become a easy way to know that some people have similar passion like mine to know the truth a lot more when it comes to this problem. I believe there are millions of more enjoyable opportunities in the future for those who see your blog post.
yeezy http://www.yeezy-shoes.us.org
Reply amwstudios
12:44 AM on April 17, 2021 
game eddie goldman mens 1940s throwback jersey chicago bears 76 alternate navy blue nfl
amwstudios http://www.amwstudios.net/
Reply lambarellis
10:37 AM on April 17, 2021 
black and yellow melo 13 womens asics gel kinsei 5 blue black billig black air max 95s billig cheap penguins jerseys for cheap nike kobe 11 elite low all black blue uk billig nike hypervenom iii elite fg billig
lambarellis http://www.lambarellis.com/
Reply locallers
4:15 PM on April 17, 2021 
toronto blue jays country hat reviews nike magista opus price malaysia zara billig kansas city royals monarchs hats history nike kd 7 azul camo black and red nike lunar hypergamer all red women nike cortez oxford cloth
locallers http://www.locallers.com/
Reply laceydecks
5:39 AM on April 18, 2021 
air jordan 28 ebay usa nike mercurial victory v shoes white red black shoes uk billig adidas x 16.1 cheap black white and silver shoes nike flyknit lunar 3 shoes yahoo billig nike air max flair on foot god billig monster energy baseball caps amazon
laceydecks http://www.laceydecks.com/
Reply rifleedc
7:19 AM on April 18, 2021 
lebron james womens shirt whitaker car club x adidas nmd racer billig nike air max 90 ultra grey white shoes jordan fly wade black pink shoes on sale billig 2012 new nfl jerseys dallas cowboys 39 brandon carr white jerseys helmet tri blend limited lebron 11 all white gold billig
rifleedc http://www.rifleedc.net/
Reply nike lebron shoes
10:43 AM on April 18, 2021 
I have to express some appreciation to this writer for rescuing me from this dilemma. After surfing through the the web and coming across views that were not pleasant, I was thinking my entire life was well over. Existing without the strategies to the problems you have resolved all through your entire write-up is a critical case, as well as the kind which may have in a wrong way affected my career if I hadn't encountered your site. The skills and kindness in taking care of all areas was useful. I don't know what I would have done if I hadn't come across such a subject like this. I can also now relish my future. Thanks so much for the specialized and result oriented help. I won't think twice to suggest your blog post to any person who desires guidance on this matter.
nike lebron shoes http://www.lebron17s.us
Reply talentuum
10:24 PM on April 18, 2021 
giroux stadium series jersey for cheap hvid herre nike tennis sko black new york yankees cap documentary air jordan 1 gold toe aj1 san francisco giants trapper hat furniture new air max 90
talentuum http://www.talentuum.net/
Reply fosback
12:16 AM on April 19, 2021 
cheap all gray nike hypervenom phinish new balance 751 all grey red billig air max 90 essential price jordan melo m12 all star billig nike sb stefan janoski max obsidian hot lava white nike kobe 10 cheap quality billig
fosback http://www.fosback.net/
0