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
Get ahead for 2020
| Posted on December 6, 2019 at 5:45 AM |
With the Christmas preparations to do, the parties to go to and the the election next week it is a very busy time of year for most of us and the last thing we may be concerned about it is our self assessment tax return. However, 2019 is now drawing to a close and it will soon be January leaving us just one month to prepare our annual tax returns. Now is the time to get ahead for 2020! Contact Sam ([email protected]/ 01983 653145) to discuss how I can assist you to prepare your accounts and tax return, send me your accounts records, then sit back with your mince pie and sherry while they are prepared for you. January's only taxing task is to review and approve for submission!
Categories: None
Post a Comment
Oops!
The words you entered did not match the given text. Please try again.
1836 Comments
Reply
jordan retro
7:55 PM on January 31, 2021
I enjoy you because of all of your hard work on this site. Debby enjoys conducting research and it is obvious why. Most of us hear all about the lively tactic you render reliable suggestions through your web site and in addition recommend participation from visitors on the point plus our daughter is in fact understanding a whole lot. Enjoy the rest of the year. You are always carrying out a superb job.
jordan retro http://www.retro-jordans.us.com
jordan retro http://www.retro-jordans.us.com
Reply
off white
10:39 PM on January 31, 2021
I truly wanted to type a quick word to thank you for some of the awesome tricks you are placing at this site. My incredibly long internet lookup has finally been honored with good quality facts and techniques to exchange with my contacts. I 'd repeat that we readers actually are unquestionably endowed to exist in a perfect network with so many wonderful professionals with beneficial principles. I feel quite happy to have used the web site and look forward to really more fun minutes reading here. Thank you once again for a lot of things.
off white http://www.offwhiteoutlet.us.org
off white http://www.offwhiteoutlet.us.org
Reply
kyrie 7
4:06 AM on February 1, 2021
My husband and i ended up being now thrilled when Jordan managed to do his studies while using the precious recommendations he was given from your very own web pages. It's not at all simplistic just to continually be giving freely strategies that other folks could have been trying to sell. And we see we have the blog owner to appreciate because of that. The illustrations you have made, the simple site navigation, the friendships you help engender - it is everything powerful, and it's really letting our son and our family believe that the article is entertaining, and that's truly mandatory. Thanks for everything!
kyrie 7 http://www.kyrie7shoes.us
kyrie 7 http://www.kyrie7shoes.us
Reply
jordan 13
5:14 AM on February 1, 2021
My spouse and i got really fortunate that Chris could round up his preliminary research from the precious recommendations he received using your weblog. It's not at all simplistic to just choose to be giving freely procedures which some people could have been making money from. And we also remember we've got the website owner to appreciate for that. The type of illustrations you made, the easy website navigation, the relationships you give support to promote - it is many amazing, and it's making our son and our family believe that that matter is excellent, which is certainly very serious. Many thanks for everything!
jordan 13 http://www.jordan13.us.com
jordan 13 http://www.jordan13.us.com
Reply
curry 6
6:18 PM on February 1, 2021
I'm also commenting to make you be aware of what a cool discovery my wife's child gained visiting your webblog. She mastered so many issues, including what it is like to possess an ideal helping mood to have other individuals quite simply fully understand selected impossible matters. You undoubtedly did more than our expected results. Many thanks for distributing such insightful, safe, educational as well as easy tips on the topic to Tanya.
curry 6 http://www.curry-6.us
curry 6 http://www.curry-6.us
Reply
yeezy supply
10:07 PM on February 1, 2021
I in addition to my buddies ended up checking out the good pointers from your website and so all of a sudden came up with a horrible feeling I had not thanked the website owner for those strategies. Those women came certainly stimulated to read all of them and have in effect unquestionably been loving these things. Thank you for simply being very kind and then for picking these kinds of great subject areas most people are really eager to learn about. Our sincere regret for not expressing gratitude to you sooner.
yeezy supply http://www.supplyyeezy.us
yeezy supply http://www.supplyyeezy.us
Reply
stone island outlet
3:51 AM on February 2, 2021
I wanted to compose you the little word in order to thank you the moment again about the wonderful opinions you have featured on this page. It's so seriously open-handed of you to convey easily just what a few individuals would have supplied as an e book in order to make some dough for their own end, notably now that you might well have done it if you considered necessary. These pointers additionally acted to be a good way to know that other individuals have the identical fervor like mine to understand great deal more in respect of this problem. I know there are a lot more pleasant moments in the future for individuals that go through your blog post.
stone island outlet http://www.stone-island.us.com
stone island outlet http://www.stone-island.us.com
Reply
yeezy
4:26 AM on February 2, 2021
Needed to put you this little bit of observation just to thank you so much yet again for your personal great methods you have shared on this site. It has been simply remarkably generous of you to provide openly all some people could possibly have advertised for an ebook to make some money on their own, principally considering that you might well have done it if you considered necessary. These concepts in addition served to be a easy way to recognize that some people have a similar dream similar to my very own to figure out a little more on the subject of this matter. I know there are millions of more pleasant periods up front for individuals who examine your blog post.
yeezy http://www.supplyyeezy.us
yeezy http://www.supplyyeezy.us
Reply
nike epic react flyknit
6:12 AM on February 2, 2021
I am commenting to let you be aware of of the outstanding experience my wife's child gained going through yuor web blog. She picked up a good number of pieces, which include what it is like to have an incredible teaching style to let other folks with no trouble grasp chosen tricky topics. You truly did more than her expected results. I appreciate you for providing those powerful, safe, revealing and unique guidance on that topic to Emily.
nike epic react flyknit http://www.nikereact.org
nike epic react flyknit http://www.nikereact.org
Reply
balenciaga shoes
1:16 PM on February 2, 2021
I want to express thanks to you for rescuing me from this type of matter. Right after researching through the the net and finding thoughts that were not beneficial, I believed my entire life was gone. Living without the strategies to the issues you've fixed through the article is a crucial case, and ones which might have in a negative way damaged my career if I had not noticed your blog post. That expertise and kindness in dealing with all the details was very helpful. I'm not sure what I would have done if I hadn't come across such a thing like this. I'm able to at this point relish my future. Thanks for your time so much for this skilled and amazing help. I won't be reluctant to endorse your blog to any individual who would like support about this situation.
balenciaga shoes http://www.balenciaga.us.com
balenciaga shoes http://www.balenciaga.us.com
Reply
kyrie 6
2:11 PM on February 2, 2021
Thank you so much for giving everyone an extraordinarily pleasant possiblity to read articles and blog posts from this website. It's usually so terrific and also full of a good time for me and my office peers to visit your site a minimum of thrice every week to study the new items you have. Not to mention, I am just usually astounded with all the astounding inspiring ideas you give. Certain 2 ideas on this page are rather the most suitable we have all ever had.
kyrie 6 http://www.kyrie-6.com
kyrie 6 http://www.kyrie-6.com
Reply
jordan shoes
2:34 PM on February 2, 2021
I simply wished to say thanks again. I'm not certain what I might have done without the actual opinions revealed by you on such a field. It was before a real distressing situation in my view, however , encountering this specialised mode you solved that took me to weep for happiness. I am thankful for your support and thus wish you comprehend what an amazing job you happen to be accomplishing teaching some other people using your blog post. Most likely you've never come across all of us.
jordan shoes http://www.jordanstoreonline.com
jordan shoes http://www.jordanstoreonline.com
Reply
curry shoes
12:55 PM on February 3, 2021
I precisely had to appreciate you yet again. I am not sure the things I would've made to happen in the absence of these creative concepts provided by you about such a theme. This was an absolute scary difficulty in my position, nevertheless coming across the specialized avenue you resolved it took me to leap with gladness. Now i am happier for your guidance and thus pray you really know what a powerful job your are carrying out training many people by way of a blog. I know that you've never come across all of us.
curry shoes http://www.curry8shoes.us
curry shoes http://www.curry8shoes.us
Reply
birkin bag
1:23 PM on February 3, 2021
I wish to convey my admiration for your kind-heartedness for people who should have assistance with your situation. Your personal dedication to passing the solution around became exceedingly interesting and has always enabled many people just like me to arrive at their objectives. Your new valuable help and advice indicates a lot a person like me and especially to my office workers. Thanks a lot; from everyone of us.
birkin bag http://www.hermesbirkins.com
birkin bag http://www.hermesbirkins.com
Reply
yeezy
9:30 PM on February 3, 2021
Thank you for every one of your effort on this web page. Ellie delights in managing investigations and it's simple to grasp why. A number of us learn all concerning the dynamic medium you make good ideas via the web blog and in addition cause participation from others on this area of interest while our favorite girl is undoubtedly starting to learn so much. Take advantage of the remaining portion of the new year. Your conducting a tremendous job.
yeezy http://www.yeezy-boost.com
yeezy http://www.yeezy-boost.com
Reply
moncler coat
12:09 AM on February 4, 2021
I wanted to put you a little bit of remark so as to thank you once again on your exceptional tips you have featured above. It is quite remarkably open-handed with you to allow without restraint just what most people might have advertised as an electronic book to earn some dough for their own end, particularly given that you might well have done it if you ever desired. The inspiring ideas in addition worked as the good way to fully grasp someone else have similar eagerness just like my personal own to understand whole lot more concerning this condition. I know there are thousands of more pleasurable situations ahead for folks who looked over your site.
moncler coat http://www.monclercoat.us.com
moncler coat http://www.monclercoat.us.com
Reply
giannis antetokounmpo shoes
4:36 AM on February 4, 2021
I have to show my appreciation to the writer for bailing me out of this type of issue. As a result of checking throughout the online world and meeting advice that were not powerful, I thought my life was over. Living devoid of the answers to the difficulties you've solved by means of the article is a critical case, and the kind that could have in a wrong way damaged my entire career if I had not encountered the website. Your main competence and kindness in playing with the whole thing was helpful. I'm not sure what I would've done if I had not come upon such a step like this. I am able to at this time relish my future. Thanks for your time so much for your professional and sensible help. I will not think twice to recommend your blog to anybody who will need guidelines about this subject matter.
giannis antetokounmpo shoes http://www.giannisantetokounmposhoes.us
giannis antetokounmpo shoes http://www.giannisantetokounmposhoes.us
Reply
golden goose sneakers
5:35 AM on February 4, 2021
I precisely had to thank you very much once more. I am not sure the things that I might have created without the actual tricks shared by you relating to such situation. Certainly was a very alarming concern in my opinion, however , understanding this skilled manner you processed it took me to cry with gladness. I am thankful for this service as well as trust you comprehend what a powerful job you are always carrying out educating many people through the use of your website. I'm certain you've never met any of us.
golden goose sneakers http://www.goldengoosesonline.com
golden goose sneakers http://www.goldengoosesonline.com
Reply
off white
7:08 PM on February 4, 2021
I'm also commenting to let you know of the beneficial discovery my child gained going through your blog. She came to find a lot of details, not to mention what it's like to have an awesome teaching nature to make a number of people effortlessly learn a variety of complex subject areas. You actually did more than my expected results. Thanks for coming up with these necessary, trustworthy, educational and even easy thoughts on your topic to Mary.
off white http://www.off--white.us.com
off white http://www.off--white.us.com
Reply
golden goose sneakers
8:37 PM on February 4, 2021
I not to mention my guys happened to be reviewing the excellent pointers on the blog while all of the sudden came up with a horrible suspicion I never thanked the web blog owner for them. Most of the boys came for this reason passionate to learn all of them and already have actually been loving them. Appreciation for actually being so considerate and then for obtaining this sort of exceptional resources millions of individuals are really eager to discover. Our sincere apologies for not expressing appreciation to you earlier.
golden goose sneakers http://www.goldengooses.us
golden goose sneakers http://www.goldengooses.us
Oops!
Oops, you forgot something.