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Covid-19 (Coronavirus) Update

Coronavirus is having a huge impact on all sectors of business. Despite this, businesses are still having to manage their books, file VAT returns, run payrolls and most importantly their credit control processes. TFMC is continuing to provide our full range of services through this difficult time. For the latest information and support visit our Blog section or use our app with regular updates sent direct to your phone.

TFMC Blogs

The 2020 Budget


The Chancellor of the Exchequer, Rishi Sunak, has delivered the 2020 Budget with the Coronavirus response centre stage. Here we have summarised some of the key announcements made so far.

R&D Tax Credits


The latest statistics provided by HMRC regarding R&D tax credits highlight the real value of R&D tax credits to the companies which claim them and the economy as a whole were revealed. This article highlights what R&D tax is and how to access/claim them.

What is the annual investment allowance?


The Annual Investment Allowance (AIA) is a capital allowance in the UK, which allows businesses to offset the cost of certain assets, as long as they are newly acquired. This article explains who can claim, how to qualify & what is no included in AIA.

Director's guarantees


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


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


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


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 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


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?