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TFMC Blogs


Director's guarantees

10

One of the benefits of setting up your business as a limited company rather than as sole trader is the idea of limited liability. This means that you personally are not liable for any debt that your company gets into, and can’t be pursued for it if the company gets into difficulty or closes. Many lenders will ask to put a condition onto your borrowing in the form of a director’s or personal guarantee, in order to secure the finance. This article explores what a directors guarantee is and the pros and cons.



Contractor mortgages

10

Self-employed and struggling to secure a mortgage? This article examines why this is the case and also offers advice on how to secure a mortgage if you are a contractor.


Buy to Let Landlord Changes

10

In this article we aim to explain the continuing changes to the way that buy-to-let investments are taxed and where landlords stand on the eve of the new 2019/2020 tax year.


Changes to Entrepreneurs relief

10

Entrepreneurs' relief is one of the methods the government uses to incentivise individuals to set up in business and to innovate. Once a business has gone from a start up to a successful enterprise then the owners may wish to sell up and reap the rewards of all their input and effort. This is the stage where Entrepreneurs' relief comes into play and here we explain what you need to know and some important do's and dont's


THE BUDGET 2018

10

The Chancellor of the Exchequer, Philip Hammond, has delivered the final 2018 Autumn Budget before Britain leaves the EU. Here we have summarised some of the key announcements made so far.


VAT and Making Tax Digital

10

From April 2019, Making Tax Digital is officially and finally launched. When it goes live, VAT-registered businesses and those whose turnover is above £85,000 will have to start using it. But what is it and what do you need to know?


Bitcoin & Taxes

10

Bitcoin reached its peak in December 2017 at nearly $20,000. Just five months before in July 2017 it was trading at $3,000. Now, nearly seven months later, the value has dropped over half. Bitcoin, and other cryptocurrencies, are new forms of electronic money, completely free of government control. Read more on bitcoin and taxes here.


The Delay of the Digital Tax Revolution

10

As customs and tax collectors are pre-occupied with finalising Brexit, the roll out of new digital tax system known as “Making Tax Digital” has been delayed by HMRC. Making Tax Digital is a scheme designed to simplify the management of individual and business tax payments. The digitalisation of the yearly tax return hopes to phase out the traditional self-employed tax return scheme.