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
braamweg
8:02 PM on May 25, 2021
nike air foamposite one black white green shoes champions league final 2019 t shirts elite jimmy garoppolo womens jersey new england patriots 10 road white nfl all gray men nike cortez anti fur uk shoes grape 5s 2020 black sweater crew neck
braamweg http://www.braamweg.com/
braamweg http://www.braamweg.com/
Reply
braamweg
12:54 AM on May 26, 2021
elite adam snyder youth jersey new york giants 68 home royal blue nfl nike air jordan 5 bianca and rosso jordan 6 retro grey red black blue nike hypervenom phantom ii nike air foamposite one rust pink gold billig nike cortez blanc with rouge
braamweg http://www.braamweg.com/
braamweg http://www.braamweg.com/
Reply
jordans
1:25 AM on May 26, 2021
I have to point out my admiration for your kind-heartedness for those who require assistance with this particular area of interest. Your very own dedication to getting the message all over had become surprisingly beneficial and have constantly allowed regular people just like me to get to their endeavors. Your amazing insightful help entails so much a person like me and additionally to my colleagues. Thanks a lot; from all of us.
jordans http://www.jordanssneakers.us.com
jordans http://www.jordanssneakers.us.com
Reply
golden goose
10:40 AM on May 26, 2021
I wish to convey my admiration for your generosity in support of individuals that have the need for help with in this subject. Your personal commitment to passing the solution along ended up being incredibly advantageous and has constantly empowered regular people just like me to arrive at their targets. Your warm and friendly recommendations indicates so much to me and extremely more to my office workers. With thanks; from everyone of us.
golden goose http://www.golden-gooses.com
golden goose http://www.golden-gooses.com
Reply
golden goose sneakers
12:40 PM on May 26, 2021
I enjoy you because of each of your labor on this web site. Kim enjoys going through research and it is easy to see why. A number of us hear all about the compelling mode you present rewarding solutions through this web blog and as well foster participation from other people on this article then our favorite simple princess is in fact learning a lot. Take pleasure in the remaining portion of the year. You are performing a really great job.
golden goose sneakers http://www.goldengoose-sneakers.us
golden goose sneakers http://www.goldengoose-sneakers.us
Reply
Paulfog
2:53 PM on May 26, 2021
buy cheap generic viagra can you buy generic viagra in canada sildenafil cheap pills cost of tadalafil 10mg buy online generic cialis
Reply
leochappaz
4:58 PM on May 26, 2021
nike 180 black ops billig cheap black and blue adidas nmd light pink polo shirt womens phillies 8 juan samuel cream flexbase authentic collection stitched mlb jersey blue red white nike tiempo legend v disney t shirt dress womens
leochappaz http://www.leochappaz.com/
leochappaz http://www.leochappaz.com/
Reply
surfmorocco
5:15 PM on May 26, 2021
adidas nmd r2 white tea billig retro jordan 8 viii all black grey billig chelsea kit 2017 for cheap game tony pashos youth jersey oakland raiders 79 home black nfl juvenate sort adidas kd
surfmorocco http://www.surfmorocco.net/
surfmorocco http://www.surfmorocco.net/
Reply
Carlfog
7:48 PM on May 26, 2021
metformin over the counter no script pharmacy buy provigil uk cialis 5 coupon stromectol order
Oops!
Oops, you forgot something.