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 golden goose
5:55 AM on April 27, 2021 
My wife and i felt really glad Raymond managed to conclude his analysis through the entire precious recommendations he discovered while using the web site. It's not at all simplistic to just be giving out secrets which often other folks could have been selling. And now we fully grasp we have got the website owner to be grateful to because of that. The specific explanations you've made, the straightforward website navigation, the relationships you will make it possible to engender - it is all powerful, and it's really aiding our son and us imagine that the topic is enjoyable, and that is very essential. Many thanks for all!
golden goose http://www.goldengooseoutletstore.com
Reply stone island t shirt
3:50 PM on April 27, 2021 
A lot of thanks for your whole work on this site. My niece takes pleasure in engaging in internet research and it is easy to see why. A lot of people learn all relating to the compelling medium you present insightful guidelines by means of this web blog and in addition boost participation from others on the area of interest plus my child is certainly becoming educated a whole lot. Enjoy the rest of the year. You're conducting a remarkable job.
stone island t shirt http://www.stoneislands.us
Reply adidas yeezy
12:32 AM on April 28, 2021 
I want to show my passion for your generosity supporting individuals that really need assistance with this particular situation. Your special commitment to getting the message all over ended up being exceptionally functional and have usually encouraged associates just like me to realize their aims. Your new valuable help signifies a great deal to me and much more to my peers. Best wishes; from each one of us.
adidas yeezy http://www.adidasyeezyboost350.us.com
Reply cheap jordans
12:32 AM on April 28, 2021 
I would like to get across my appreciation for your kindness for men who need assistance with the area of interest. Your personal commitment to passing the message up and down has been incredibly beneficial and have enabled guys and women like me to attain their desired goals. The warm and friendly hints and tips means a whole lot to me and somewhat more to my fellow workers. Many thanks; from all of us.
cheap jordans http://www.retro-jordans.us.com
Reply golden goose outlet
12:33 AM on April 28, 2021 
Thanks so much for giving everyone an exceptionally terrific opportunity to read articles and blog posts from this site. It is usually very brilliant and also stuffed with amusement for me and my office mates to visit your web site at minimum three times a week to learn the new items you have got. And indeed, we are at all times motivated considering the impressive tips and hints you serve. Selected two areas in this posting are truly the best I have had.
golden goose outlet http://www.goldengooseoutletonline.us.com
Reply kyrie 6 shoes
12:33 AM on April 28, 2021 
I want to convey my admiration for your kind-heartedness for folks who need help with this important area of interest. Your special dedication to getting the solution around had been definitely significant and have all the time helped women like me to arrive at their goals. Your personal useful instruction denotes a great deal a person like me and especially to my peers. Thank you; from all of us.
kyrie 6 shoes http://www.kyrie6.org
Reply kd shoes
12:33 AM on April 28, 2021 
I want to show my passion for your kindness supporting folks who absolutely need help on this particular niche. Your real dedication to passing the solution all around came to be exceptionally significant and has usually enabled many people much like me to get to their dreams. The informative publication denotes so much to me and much more to my office colleagues. Regards; from all of us.
kd shoes http://www.kd13shoes.us
Reply hermes
11:19 AM on April 28, 2021 
I just wanted to type a small comment in order to express gratitude to you for these amazing tricks you are sharing on this website. My rather long internet research has finally been honored with high-quality concept to exchange with my guests. I would mention that most of us visitors actually are rather lucky to dwell in a remarkable website with very many marvellous individuals with insightful tips and hints. I feel really happy to have encountered the website page and look forward to really more entertaining moments reading here. Thank you once again for all the details.
hermes http://www.hermesonlineshop.com
Reply kobe shoes
6:21 AM on April 29, 2021 
Thank you for each of your hard work on this website. My mom enjoys getting into investigations and it is obvious why. Most of us know all regarding the dynamic means you present functional steps via your web site and as well cause participation from other people about this article plus our favorite child is certainly starting to learn a lot. Enjoy the rest of the year. You have been doing a stunning job.
kobe shoes http://www.kobe.us.com
Reply yeezy boost 350 v2
6:23 AM on April 29, 2021 
I wanted to develop a quick remark to be able to say thanks to you for the magnificent advice you are posting at this site. My particularly long internet look up has finally been honored with useful ideas to talk about with my companions. I would state that that many of us readers are undoubtedly blessed to be in a superb website with many brilliant individuals with valuable ideas. I feel very blessed to have encountered your entire web page and look forward to so many more pleasurable moments reading here. Thank you again for a lot of things.
yeezy boost 350 v2 http://www.yeezy-350.us.com
Reply supreme hoodie
6:23 AM on April 29, 2021 
I just wanted to type a brief word in order to appreciate you for those fantastic techniques you are posting at this website. My extended internet lookup has now been compensated with excellent details to share with my co-workers. I would assume that most of us site visitors actually are extremely endowed to dwell in a good website with very many lovely professionals with great things. I feel rather happy to have used your entire site and look forward to so many more fun times reading here. Thanks once again for everything.
supreme hoodie http://www.supreme.us.org
Reply off white hoodie
3:12 PM on April 29, 2021 
I intended to write you a very little observation just to say thank you once again for these striking opinions you have documented above. It is so surprisingly generous with people like you to give easily what exactly a number of us could possibly have sold as an electronic book to earn some profit for their own end, principally considering the fact that you might have done it if you wanted. These advice likewise acted as a great way to be sure that most people have the identical eagerness like my very own to understand a great deal more with regards to this matter. I'm certain there are a lot more pleasurable sessions up front for people who look into your blog post.
off white hoodie http://www.offwhitehoodies.us
Reply supreme clothing
4:34 PM on April 29, 2021 
I precisely wished to appreciate you once more. I am not sure the things I would have handled in the absence of these strategies documented by you directly on that area. Entirely was the alarming condition in my position, but understanding the skilled strategy you treated the issue made me to leap over fulfillment. I'm happy for your guidance and as well , believe you comprehend what a great job you happen to be getting into teaching other individuals through the use of your web page. I am certain you've never come across all of us.
supreme clothing http://www.supremes-clothing.com
Reply air jordan shoes
1:02 AM on April 30, 2021 
I actually wanted to type a simple message so as to say thanks to you for the amazing tips you are writing at this website. My incredibly long internet search has now been compensated with really good insight to share with my co-workers. I would repeat that we site visitors actually are undoubtedly lucky to exist in a great community with very many wonderful professionals with great advice. I feel quite blessed to have seen your entire website and look forward to plenty of more amazing moments reading here. Thanks a lot once more for a lot of things.
air jordan shoes http://www.michaeljordanshoes.us.com
Reply hermes belts
1:52 AM on May 1, 2021 
I enjoy you because of your own hard work on this web page. My mum enjoys engaging in investigations and it is easy to see why. A number of us notice all concerning the dynamic manner you create practical items through the web site and therefore welcome response from people on the topic so our daughter is in fact learning a great deal. Take pleasure in the remaining portion of the year. You have been performing a really great job.
hermes belts http://www.hermesbelts.com
Reply golden goose
8:59 PM on May 1, 2021 
I must express my appreciation to you just for bailing me out of such a incident. As a result of exploring throughout the the net and seeing tips which are not powerful, I figured my entire life was gone. Being alive without the strategies to the issues you've resolved as a result of your entire article is a serious case, as well as the ones which could have in a negative way affected my career if I had not discovered the blog. Your main ability and kindness in handling all the details 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 ahead to my future. Thanks a lot so much for your expert and result oriented help. I will not think twice to propose your web blog to anybody who wants and needs direction about this subject matter.
golden goose http://www.goldengooseoutletonline.us.com
Reply supreme clothing
9:00 PM on May 1, 2021 
I needed to draft you this tiny note to be able to give many thanks over again for those beautiful ideas you have discussed on this page. It was generous of you to supply extensively all a few individuals could have sold for an e-book to get some profit for themselves, and in particular now that you could have done it in case you wanted. The creative ideas also served like a fantastic way to comprehend most people have a similar fervor really like my own to see more and more related to this matter. I am sure there are lots of more fun moments ahead for many who discover your blog.
supreme clothing http://www.supremeshoodie.com
Reply yeezy 500
9:01 PM on May 1, 2021 
I wish to show appreciation to you just for rescuing me from this type of dilemma. Right after browsing through the the web and obtaining concepts which were not beneficial, I thought my entire life was done. Living devoid of the approaches to the difficulties you've fixed all through your good posting is a serious case, as well as ones which could have badly affected my career if I had not discovered your website. Your personal know-how and kindness in maneuvering the whole lot was crucial. I am not sure what I would have done if I had not discovered such a step like this. It's possible to now look forward to my future. Thanks for your time so much for the specialized and results-oriented help. I won't be reluctant to suggest your web page to any person who should get counselling about this subject matter.
yeezy 500 http://www.yeezy-shoes.us.org
Reply supreme clothing
9:47 AM on May 2, 2021 
Thanks a lot for providing individuals with remarkably marvellous possiblity to read critical reviews from this website. It's usually so fantastic and also jam-packed with fun for me personally and my office peers to search your website particularly 3 times every week to read the fresh items you will have. And of course, I am also certainly fascinated with the unbelievable principles served by you. Selected 3 points in this article are indeed the most effective I have had.
supreme clothing http://www.supremeoutlet.us.com
Reply jordan shoes
1:35 PM on May 3, 2021 
I in addition to my guys happened to be looking at the nice tips and tricks found on your site and instantly I had an awful suspicion I had not expressed respect to the blog owner for them. All the men are actually so joyful to see all of them and have in effect in fact been using them. I appreciate you for genuinely so helpful as well as for picking variety of extraordinary information millions of individuals are really wanting to discover. Our honest regret for not expressing appreciation to you earlier.
jordan shoes http://www.jordanshoes.us
0