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

SCASS Winter Ball: HWB was well represented by newly qualified and training colleagues dressing up in style for this year’s Gatsby-themed SCASS Winter Ball.SCASS stands for Southern Chartered Accountants Student Society. It is an official society of @ICAEW, the Institute of Chartered Accountants in England and Wales. The black-tie evening, including a three-course dinner, was held at the Grand Café, South Western House, Southampton, and was an ideal opportunity for professional networking, knowledge sharing and strengthening connections with peers across the sector.Congratulations to colleague Steven Hughes who won the evening’s raffle draw in aid of @Scratch, a Southampton-based charity that works with families in poverty. We look forward to building on the relationships and insights gained from this event as we move into the year ahead #icaew #annualwinterball #winterball #scass.If you're looking for an excellent performance with your accountancy, tax or business advisory needs, our team at HWB is here to help. T: 023 8046 1200 E: admin@hwb-accountants.com

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ICAEW changes to high net worth individual definition and compliance requirementsFrom November 2025, the Institute of Chartered Accountants in England and Wales (ICAEW) has updated its definition of a High Net Worth Individual (HNWI). This change significantly broadens the scope of individuals who fall into this category and has implications for anti-money laundering (AML) compliance.Read the full article by clicking the link in our bio.

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Charity Quiz: A team from HWB – James Flood, Matt Cooper, Nick Whitemore, Matt Pickett, Brendon Reis and Alex Olney – took part in the Paris Smith Charity Quiz.The popular event was held to raise funds for the Heartbeat Charity which works towards improving cardiac care by raising funds to support the Wessex Cardiac Unit at University Hospital Southampton, and also provides free, home-from-home accommodation for patient’s relatives.Last year HWB managed to win the quiz but this year we sadly couldn’t repeat the triumph! Nevertheless, it was an enjoyable event for all and supported a good cause.Thank you to Paris Smith for hosting.If you're looking for an excellent performance with your accountancy, tax or business advisory needs, our team at HWB is here to help.
T: 023 8046 1200
E: admin@hwb-accountants.com

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Digital assets become recognised propertyA legal landmark was reached during December as the Property (Digital Assets etc) Act received Royal Assent.The new law confirms that certain digital assets – including cryptocurrency tokens and non-fungible tokens (NFTs) – can now be formally recognised as personal property in England, Wales and Northern Ireland.Read the full article by clicking the link in our bio

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High-Value Council Tax surcharge
The government has announced plans to introduce a new levy, the High-Value Council Tax Surcharge (HVCTS), which will apply to owners of residential properties in England valued at £2 million or more.Read the full article by clicking the link in our bio.

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Miss Saigon: HWB director Michaela Johns had the pleasure of attending a performance of the iconic musical Miss Saigon at the Mayflower Theatre in Southampton in an event hosted by law firm Paris Smith.Set against the backdrop of the Vietnam War, Miss Saigon tells a powerful and emotional story of love, sacrifice, and resilience.The performance was a truly memorable experience that Michaela thoroughly enjoyedMany thanks to Paris Smith for hosting such a wonderful evening and for bringing together local professionals for a night of culture and connection.If you're looking for an excellent performance with your accountancy, tax or business advisory needs, our team at HWB is here to help.
T: 023 8046 1200
E: admin@hwb-accountants.com

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Increase in APR/BPR limit to £2.5m – what it means for business ownersThe government announced in late December an increase in the combined Business Property Relief (BPR) and Agricultural Property Relief (APR) allowance to £2.5 million, marking a significant development for family-owned businesses and farms. This is up from £1 million that was initially announced in October 2024.Read the full article by clicking the link in our bio

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