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 employer legislation

Posted on December 17, 2018 at 5:10 AM

Employers - Please be aware of the following new legislation as it applies from today.

The government has introduced what it claims to be the biggest package of workplace reforms for 20 years after concerns that ministers have failed to appeal to voters who are “just about managing”.

Legislation that comes into effect today will ensure:

  • Employers give workers details of their rights from the first day in their job, including eligibility for paid and sick leave
  • Workers are given the right to request more predictable hours
  • Measures will be taken to ensure that seasonal workers get the paid time off they are entitled to
  • Iincreased fines of up to £20,000 for employers who have deliberately victimised their staff


The reforms, outlined by the business secretary Greg Clark, plan to stop the “unfair” use of pay-between-assignment contracts which allow businesses to opt out of equal pay arrangements for agency employees.


 





Categories: None

Post a Comment

Oops!

Oops, you forgot something.

Oops!

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

970 Comments

Reply kyrie shoes
12:34 PM on June 13, 2021 
A lot of thanks for each of your effort on this site. Kate take interest in participating in research and it's really easy to see why. All of us learn all relating to the lively mode you render practical tactics on the web site and as well as recommend participation from other ones on the article and our simple princess is certainly discovering a lot. Take advantage of the rest of the year. You're conducting a fabulous job.
kyrie shoes http://www.kyrie-7.com
Reply curry 5
1:39 PM on June 15, 2021 
I and my pals have already been viewing the great suggestions found on your site while quickly I got a terrible suspicion I had not expressed respect to the web blog owner for them. My young boys were absolutely excited to learn all of them and have in effect truly been using them. Thanks for actually being quite accommodating and for opting for some superb resources millions of individuals are really wanting to understand about. Our own honest apologies for not expressing gratitude to you sooner.
curry 5 http://www.curry5.us.com
Reply yeezy
6:01 AM on June 16, 2021 
I precisely wished to appreciate you all over again. I am not sure the things I could possibly have implemented in the absence of the methods revealed by you over my topic. It truly was the frustrating scenario for me personally, nevertheless observing the professional form you solved it made me to jump for joy. I will be happier for this support and even hope you recognize what an amazing job that you are undertaking teaching men and women through the use of a site. Most probably you haven't encountered all of us.
yeezy http://www.yeezy-sneakers.us
Reply longchamp
8:52 AM on June 16, 2021 
Thank you a lot for giving everyone a very brilliant opportunity to check tips from here. It is always so fantastic plus packed with a great time for me and my office fellow workers to search your blog at a minimum thrice per week to read through the latest tips you have. And of course, I am just always astounded with the unbelievable secrets you serve. Certain two points in this posting are really the most beneficial we have all ever had.
longchamp http://www.longchampshandbags.us.org
Reply yeezy boost 700
1:03 AM on June 18, 2021 
A lot of thanks for each of your hard work on this web page. Betty really likes making time for internet research and it's really easy to understand why. We hear all about the compelling way you provide efficient ideas by means of this web site and as well as encourage response from some other people on this area of interest so our favorite simple princess is without question becoming educated a lot. Take pleasure in the rest of the new year. You are always performing a superb job.
yeezy boost 700 http://www.yeezy-700.com
Reply chrome hearts
4:26 AM on June 18, 2021 
Thank you a lot for providing individuals with remarkably special opportunity to check tips from this website. It's usually so useful plus stuffed with amusement for me and my office fellow workers to visit your site at minimum 3 times in 7 days to read through the latest items you have. And of course, I am just usually satisfied with the astonishing knowledge you serve. Some 4 facts in this article are in reality the simplest we've had.
chrome hearts http://www.chromehearts.com.co
Reply supreme t shirt
2:40 AM on June 19, 2021 
I must show some appreciation to this writer for rescuing me from this type of matter. As a result of scouting throughout the world-wide-web and getting recommendations which were not productive, I assumed my entire life was over. Living without the presence of solutions to the difficulties you've solved by means of your entire short article is a serious case, as well as ones which could have in a wrong way affected my entire career if I hadn't noticed your web page. Your primary capability and kindness in handling every item was helpful. I am not sure what I would've done if I hadn't come upon such a point like this. I can also at this moment look forward to my future. Thanks very much for this professional and results-oriented guide. I will not be reluctant to recommend your web sites to any person who requires guidelines about this area.
supreme t shirt http://www.supremeoutlet.us.com
Reply off white clothing
3:36 PM on June 19, 2021 
Thank you for all your effort on this website. My aunt takes pleasure in getting into internet research and it is easy to understand why. A number of us hear all concerning the powerful tactic you present efficient items through the web site and recommend contribution from some others on that theme while my daughter is undoubtedly starting to learn a lot of things. Take pleasure in the rest of the new year. You are carrying out a really great job.
off white clothing http://www.offwhite.us.com
Reply air jordan
8:09 PM on June 20, 2021 
I wanted to put you this very small observation so as to thank you as before with your extraordinary solutions you have documented at this time. This has been so surprisingly generous of you to convey publicly exactly what many of us could possibly have offered for sale for an e-book to help make some dough for their own end, chiefly considering the fact that you might have done it if you ever desired. The thoughts in addition served to become fantastic way to know that other people online have the identical desire similar to my very own to see great deal more when it comes to this issue. I believe there are many more pleasurable times in the future for individuals who go through your site.
air jordan http://www.airjordansstore.com
Reply kyrie 6
4:15 PM on June 21, 2021 
I not to mention my pals came looking at the excellent tips and tricks located on your web page then all of a sudden I had a terrible suspicion I never expressed respect to the site owner for those tips. These young men came as a consequence warmed to see all of them and now have seriously been taking advantage of these things. Thank you for being so thoughtful and for selecting this form of cool issues millions of individuals are really wanting to learn about. Our own honest apologies for not expressing gratitude to you earlier.
kyrie 6 http://www.kyrie6.org
Reply supreme clothing
4:35 AM on June 23, 2021 
I just wanted to type a brief note so as to express gratitude to you for all of the nice items you are sharing at this site. My time consuming internet look up has at the end of the day been compensated with good quality facts and strategies to write about with my family members. I 'd believe that we site visitors are definitely blessed to exist in a remarkable place with very many special professionals with valuable suggestions. I feel truly lucky to have come across your entire website page and look forward to really more enjoyable minutes reading here. Thanks again for everything.
supreme clothing http://www.supremeclothings.us.com
Reply kawhi leonard shoes
7:03 AM on June 23, 2021 
I needed to post you a bit of word so as to thank you very much yet again for all the pleasing suggestions you have contributed on this page. This has been tremendously generous of people like you to deliver unreservedly what exactly many of us would have supplied for an e-book to end up making some dough on their own, principally given that you might well have done it if you considered necessary. These good ideas in addition acted to become a fantastic way to be sure that other people have the same eagerness similar to mine to realize whole lot more with regards to this matter. Certainly there are some more fun situations ahead for those who look over your blog post.
kawhi leonard shoes http://www.kawhileonardshoes.us
Reply jordan shoes
3:25 AM on June 24, 2021 
I definitely wanted to write a remark to be able to express gratitude to you for these great suggestions you are posting on this site. My extended internet search has at the end of the day been honored with high-quality knowledge to go over with my family. I would assert that many of us website visitors are really blessed to dwell in a notable community with very many special professionals with interesting suggestions. I feel pretty blessed to have seen your entire web page and look forward to really more pleasurable minutes reading here. Thank you once again for everything.
jordan shoes http://www.jordanshoes.us
Reply air jordan
3:49 PM on June 24, 2021 
I would like to show appreciation to the writer just for bailing me out of such a circumstance. Just after researching through the search engines and obtaining proposals that were not helpful, I thought my entire life was done. Being alive without the presence of answers to the difficulties you have solved by means of the guideline is a critical case, and those which could have in a negative way affected my entire career if I had not noticed your website. Your own personal skills and kindness in playing with all areas was helpful. I'm not sure what I would've done if I had not encountered such a solution like this. I am able to now look forward to my future. Thanks very much for the reliable and results-oriented guide. I won't think twice to endorse your web blog to any individual who needs and wants recommendations about this problem.
air jordan http://www.jordanshoes.us
Reply kyrie shoes
10:45 PM on June 24, 2021 
I not to mention my guys have already been digesting the good ideas located on the website and all of a sudden I got a terrible suspicion I never expressed respect to the blog owner for them. Those men were happy to study them and now have simply been loving them. Appreciate your turning out to be considerably kind and for making a decision on some smart issues most people are really wanting to learn about. My very own honest apologies for not expressing gratitude to you sooner.
kyrie shoes http://www.kyrie4shoes.us
Reply golden goose sneakers
7:05 AM on June 26, 2021 
Thank you so much for giving everyone a very remarkable chance to read critical reviews from here. It is often very pleasing and stuffed with a good time for me personally and my office mates to visit your web site a minimum of three times in one week to learn the latest guidance you will have. And lastly, I am actually amazed with the remarkable things you serve. Selected 1 tips on this page are indeed the simplest I have had.
golden goose sneakers http://www.goldengoose-sneakers.us
Reply bape
12:36 PM on June 26, 2021 
I not to mention my friends appeared to be viewing the excellent hints located on your web page then then I got a horrible feeling I had not expressed respect to the website owner for those techniques. Those boys were definitely consequently warmed to read through them and have in effect certainly been taking pleasure in these things. We appreciate you getting simply helpful and also for getting variety of tremendous useful guides most people are really desirous to be informed on. My personal sincere regret for not saying thanks to sooner.
bape http://www.bathing-ape.us
Reply golden goose
11:58 AM on June 27, 2021 
I want to express some appreciation to you just for bailing me out of this incident. Just after researching through the world-wide-web and finding tips which are not pleasant, I assumed my life was done. Existing devoid of the approaches to the difficulties you've solved by means of your main article content is a serious case, as well as ones which might have in a negative way damaged my entire career if I hadn't noticed your blog post. Your actual training and kindness in playing with all areas was priceless. I am not sure what I would've done if I hadn't discovered such a step like this. I am able to now look forward to my future. Thanks for your time very much for your impressive and sensible help. I won't think twice to propose your web sites to anyone who will need recommendations on this area.
golden goose http://www.golden-gooses.com
Reply bape hoodie
10:55 PM on June 27, 2021 
I happen to be writing to make you understand of the superb encounter my friend's girl encountered using your blog. She realized a wide variety of things, with the inclusion of what it is like to have an awesome teaching spirit to make many others with ease thoroughly grasp specified extremely tough things. You really surpassed her expectations. Thank you for showing such important, healthy, educational and even easy thoughts on that topic to Ethel.
bape hoodie http://www.bapesonline.com
Reply off white nike
4:01 AM on June 28, 2021 
I truly wanted to compose a brief word in order to express gratitude to you for all of the unique tips and tricks you are giving out on this website. My incredibly long internet lookup has at the end of the day been recognized with sensible suggestions to talk about with my close friends. I would suppose that most of us visitors actually are undeniably endowed to live in a remarkable network with so many wonderful professionals with good points. I feel somewhat happy to have encountered your webpages and look forward to some more fabulous moments reading here. Thanks once more for everything.
off white nike http://www.offwhite.us.com
0