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

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!

Oops, you forgot something.

Oops!

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

1836 Comments

Reply markderry
10:01 PM on May 6, 2021 
psg air jordan mbappe bruins baseball jersey for cheap shoes nike mercurialx finale ii blue black shoes australia adidas x 15.1 tf gray yellow billig ralph big pony washington nationals green hat zions
markderry http://www.markderry.net/
Reply golden goose outlet
11:42 PM on May 6, 2021 
I actually wanted to post a brief message so as to express gratitude to you for those wonderful secrets you are placing here. My rather long internet research has now been paid with good quality facts and strategies to exchange with my good friends. I 'd say that most of us site visitors are quite blessed to dwell in a useful community with very many wonderful professionals with great hints. I feel quite blessed to have come across your entire web page and look forward to plenty of more entertaining times reading here. Thanks a lot once more for everything.
golden goose outlet http://www.goldengooseoutletstore.com
Reply ensasailor
3:20 AM on May 7, 2021 
kobe bryant nike air zoom huarache 2k5 scarpe nike hypervenom phelon vs phade kit nike hypervenomx proximo ii df ic lyrics air force 1 swipa billig dhgate air max 97 billig nike air jordan flight origin 4
ensasailor http://www.ensasailor.com/
Reply adidas yeezy
6:12 AM on May 7, 2021 
My spouse and i have been really fortunate Peter managed to round up his basic research because of the precious recommendations he was given from your very own web site. It is now and again perplexing to just choose to be freely giving strategies which often some others could have been trying to sell. And we take into account we have got you to thank for this. All the explanations you made, the straightforward web site menu, the friendships you will give support to promote - it's everything incredible, and it's really helping our son in addition to us imagine that the concept is excellent, and that is seriously pressing. Thanks for everything!
adidas yeezy http://www.yeezyadidas.us
Reply leochappaz
6:16 AM on May 7, 2021 
nike mercurial fg air max 97 grey off white billig air max 97 men shoes all white black uk billig nike tiempo legend 7 club billig mennns jordan retro 3 hvit red black blue adidas superstar suede billig
leochappaz http://www.leochappaz.com/
Reply kd 10
1:17 PM on May 7, 2021 
I precisely wanted to thank you so much all over again. I'm not certain the things I would have achieved in the absence of the entire secrets provided by you regarding my industry. It had become a depressing difficulty in my circumstances, however , being able to see a new expert manner you managed that forced me to leap for gladness. I will be happier for your guidance and thus pray you know what a powerful job you are doing teaching the others via a blog. Most likely you have never encountered any of us.
kd 10 http://www.kd10.us
Reply yeezy 350
4:05 PM on May 7, 2021 
My husband and i have been glad when Raymond managed to finish up his web research while using the precious recommendations he gained from your own web page. It is now and again perplexing to simply continually be giving for free methods which usually some people may have been making money from. And we all do understand we now have you to thank for that. These illustrations you made, the easy website navigation, the relationships you help to instill - it's many superb, and it is assisting our son and our family reckon that that subject matter is brilliant, and that is very fundamental. Thanks for all!
yeezy 350 http://www.yeezy-350.us.com
Reply mkvets
7:16 PM on May 7, 2021 
atletico madrid 2020 away kit new balance ml574 classic billig black mens canada goose gilet adidas eqt cushion adv north america korea billig nike air pource 1 high bleu and blanc beckham accelerator billig
mkvets http://www.mkvets.com/
Reply bdranger
7:23 PM on May 7, 2021 
pittsburgh pirates baby hat zelda nike dunk sb high premium cheap black and purple shoes nike air max tavas all red grey
bdranger http://www.bdranger.com/
Reply docinsider
10:06 PM on May 7, 2021 
nike chicago bears jim mcmahon game 1940s jersey women navy blue 9 alternate throwback nfl jerseys sale nike free run motion flyknit facebook huarache pink blue billig nike free run 3 womens black purple billig supreme new york yankees bucket hat kitchen adidas energy boost endless energy billig
docinsider http://www.docinsider.net/
Reply kevin durant
1:32 AM on May 8, 2021 
I want to show my thanks to the writer just for bailing me out of this particular circumstance. As a result of surfing through the world wide web and meeting things which were not helpful, I figured my entire life was over. Existing without the answers to the problems you have solved by means of your main website is a crucial case, as well as those that might have badly damaged my career if I had not noticed your blog. Your good expertise and kindness in maneuvering a lot of things was precious. I'm not sure what I would have done if I hadn't come upon such a solution like this. I'm able to now look forward to my future. Thanks a lot very much for this impressive and amazing help. I won't be reluctant to recommend the website to anyone who should have tips on this issue.
kevin durant http://www.kevindurantshoes.us.com
Reply golden goose outlet
2:33 AM on May 8, 2021 
I want to point out my respect for your generosity supporting persons that should have assistance with this important area of interest. Your personal commitment to passing the message all over turned out to be unbelievably advantageous and have specifically encouraged professionals much like me to arrive at their pursuits. Your personal important recommendations signifies so much a person like me and further more to my office workers. Regards; from each one of us.
golden goose outlet http://www.goldengooseoutletstore.com
Reply bape
8:29 AM on May 8, 2021 
I intended to create you that very little word so as to say thanks as before with the great principles you have shared on this website. It is simply pretty generous of people like you to make unreservedly all that a few individuals would have made available as an e book to make some money for their own end, primarily seeing that you could have done it in the event you desired. These good ideas additionally worked to provide a fantastic way to fully grasp that someone else have the identical eagerness similar to mine to learn more and more in regard to this condition. Certainly there are numerous more fun situations ahead for many who browse through your blog.
bape http://www.bapesonline.com
Reply mvaesthetic
11:08 AM on May 8, 2021 
nike nfl baltimore ravens 90 pernell mcphee black game alternate jersey sale nike zoom hyperforce black pink shoes nike air max essential svart light bone new balance 574 out east billig nike hypervenom phantom iii tf all black grey billig kyrie 1 white black grey for cheap billig
mvaesthetic http://www.mvaesthetic.com/
Reply air jordan shoes
11:24 AM on May 8, 2021 
My husband and i felt peaceful when Jordan could complete his inquiry from the ideas he received through your web site. It's not at all simplistic to just choose to be giving for free guidelines which people today could have been making money from. And we all remember we have the website owner to thank for that. Most of the explanations you have made, the straightforward website navigation, the friendships your site make it possible to promote - it's all powerful, and it's assisting our son and the family consider that this situation is brilliant, which is highly pressing. Many thanks for everything!
air jordan shoes http://www.jordansshoes.us.org
Reply laceydecks
1:08 PM on May 8, 2021 
nike free tr fit 3 print black billig cheap all red air jordan 6 rings billig womens nike air max fury black pink shoes on sale billig jordan 11 nc blue adidas crazy 1 adv cheap blue and grey shoes billig nike zapatos verde naranja
laceydecks http://www.laceydecks.com/
Reply giannis shoes
2:54 PM on May 8, 2021 
I would like to show thanks to you for bailing me out of such a instance. Just after looking out through the the web and seeing ideas which were not powerful, I assumed my life was over. Existing without the approaches to the issues you have resolved through your main article content is a critical case, as well as those that might have in a wrong way affected my entire career if I hadn't discovered your website. Your own expertise and kindness in maneuvering the whole thing was very useful. I don't know what I would have done if I had not come upon such a subject like this. It's possible to at this moment look ahead to my future. Thank you so much for this impressive and sensible help. I won't be reluctant to refer your web sites to anyone who ought to have assistance about this situation.
giannis shoes http://www.giannisantetokounmposhoes.us
Reply chumbabikes
4:38 PM on May 8, 2021 
psg air jordan mbappe bruins baseball jersey for cheap shoes nike mercurialx finale ii blue black shoes australia adidas x 15.1 tf gray yellow billig ralph big pony washington nationals green hat zions
chumbabikes http://www.chumbabikes.com/
Reply golden goose outlet
10:10 PM on May 8, 2021 
I must express my thanks to this writer for bailing me out of this particular scenario. Right after researching through the the web and finding principles that were not helpful, I believed my life was gone. Being alive devoid of the strategies to the problems you have sorted out by means of the blog post is a critical case, as well as those which may have adversely damaged my career if I hadn't encountered your web site. Your primary mastery and kindness in maneuvering all the pieces was tremendous. I don't know what I would have done if I had not come upon such a solution like this. It's possible to at this moment look ahead to my future. Thanks a lot so much for the high quality and results-oriented guide. I will not think twice to endorse your blog post to anybody who ought to have recommendations on this issue.
golden goose outlet http://www.goldengooseoutlets.us
Reply golden goose outlet
1:23 AM on May 9, 2021 
I have to express thanks to the writer for bailing me out of this dilemma. As a result of surfing through the the web and obtaining suggestions which were not productive, I thought my entire life was over. Being alive without the presence of strategies to the difficulties you have resolved all through your good article is a critical case, and those which may have badly damaged my entire career if I hadn't come across your blog. Your good know-how and kindness in dealing with every aspect was invaluable. I am not sure what I would've done if I had not come upon such a subject like this. It's possible to at this moment relish my future. Thanks for your time very much for the impressive and amazing help. I will not think twice to propose the sites to any person who needs to have guide about this matter.
golden goose outlet http://www.goldengoosessale.com
0