New Forest

28/10/2020

View my financial insights (VMFI) tool update is now live

The ESFA have updated the view my financial insights (VMFI) tool, a data insights tool used by finance teams in academy trusts. The VMFI tool provides academies with rapid feedback from their financial data submitted to the Department for Education, offering guidance and advice on a range of key financial indicators.

New features added to the tool include:

  • forecasts and risks – view metrics based on your budget forecast return data and get specific recommendations to tackle risks
  • integrated curriculum and financial planning (ICFP) – by adding a few extra data cells into VMFI you can create a high-level dashboard of ICFP metrics
  • data modelling
  • commercial resources
  • new access to some services– governors will soon have the ability to log into the VMFI tool and view read-only data

View my financial insights (VMFI)

Latest Feeds

HMRC app usage on the increaseHM Revenue and Customs (HMRC) has reported that over 5.6 million people have accessed its app since the start of the current tax year (6 April 2025).The app offers a range of features that can be useful in viewing and managing your tax and national insurance records.To find out more click the link in our bio

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This morning we received a lovely delivery from @Trusolv!Our staff will no doubt enjoy these Celebrations during this hectic tax return season.A big thank you to TruSolv for your kindness and generosity!❤️

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Companies House fee change
Companies House have reviewed their fees and have published that from 1 February 2026 some of their fees will be changing.Read the full article by clicking the link in our bio

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FSCS deposit protection limit rose to £120,000 from 1 December 2025
The Prudential Regulation Authority (PRA) confirmed that the Financial Services Compensation Scheme (FSCS) deposit protection limit increased from £85,000 to £120,000 from the start of December.Read full article by clicking the link in our bio

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Friends united: We were well represented at a businesswomen’s networking club in Southampton whose latest meeting dovetailed with a performance of FRIENDS! The Musical Parody at the city’s Mayflower Theatre.Tax Director Gemma Hedges joined fellow members of the Leading Ladies group for a valuable opportunity to connect and discuss issues of common interest - and of course enjoy the show!Following the fun and escapades of the world-famous set of twenty-somethings, the show offers a fresh, humorous take on the long-running TV sit-com.We thank the Leading Ladies for hosting such a well-curated and inspiring experience and look forward to the next meeting.If you would like to speak with us about your tax affairs, contact us here:T: 023 8046 1200
E: admin@hwb-accountants.com

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Charity Trustees Gain New Powers for Moral Payments
Charity trustees in England and Wales now have new legal powers when considering moral payments: payments made because there is a moral rather than strictly legal obligation to transfer some of a charity’s property.This is the final provision in Charities Act 2022 to come into effect.Read the full article by clicking the link in our bio

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Capital allowances update Budget 2025
For 2026/27, the continued availability of the annual investment allowance (AIA) means that qualifying new capital expenditure you make of up to £1 million can be relieved in full against the taxable profits of your business.Read the full article by clicking the link in our bio

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Happy New Year from all of us at HWB!😊🎉We hope that everyone had a fantastic Christmas break and are looking forward to the new year. Here's to a healthy and prosperous 2026!

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