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TFMC Blogs


What is a Tech-Savvy Bookkeeper?

The rapid rise and acceptance of cloud bookkeeping has forced many UK accountants and bookkeepers to change their traditional working practices. Technology bridges almost all physical distances, and a combination of phone, skype and cloud bookkeeping services means that many business owners never even meet with their accountants


Credit Control - How can I manage my cashflow better?

When you're self-employed or running a small business, it is imperative you manage your income and outgoings carefully. You need your customers to pay you on time so you can manage your own finances and plan accordingly. Without a credit control system in place you make struggle to make a profit or worse still, your business could fail at the first hurdle.






Top 5 Bookkeeping Errors Made by SMEs

Some bookkeeping or accounting errors are minor, insignificant and easy to correct. Others however can be far more serious and costly affecting your business’ financial health.


When and How Tips are Taxed

In this post we examine the rather interesting question of ‘when are tips taxable?’ Believe it or not, there is legislation expressly governing how tips are to be taxed



The Benefits of Outsourcing Your Bookkeeping

For many business owners the bookkeeping responsibility is about as exciting as going to the dentist or watching paint dry. This is because the bookkeeping function is often seen as an onerous task but one which has to be done and it normally goes to the bottom of the “To Do” list. The Financial Management Centre encourages business owners to focus on what they do best and more importantly enjoy, which is running and growing their business.