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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

Covid-19 Furlough Job Retention Scheme FAQs


COVID19 has created an uncertain time for all, across the globe, across industries, across businesses and across households. Within this concern, high volumes of common questions have been asked, with a focus on employment – as it stands, the Job Retention Scheme.

Business Interruption Loan Scheme – How We Can Help


The Coronavirus Business Interruption Loan Scheme (CBILS) is a new scheme that was introduced by the Chancellor on 23 March 2020 and revised on 02 April. It provides support for small and medium businesses in the UK who may be experiencing cash-flow problems during the COVID-19 pandemic.

Covid-19 Coronavirus Business Contingency Plan


It doesn’t matter what type of business you have, or what industry you are a part of - coronavirus is going to hit everyone hard over the coming months. Keeping your business up and running throughout will require forward planning, and a better understanding of how this crisis is likely to play out.

How To Access The Coronavirus Job Retention Scheme


The scheme is able to be backdated to 1 March and went live on Monday 20 April. On launching the scheme, the Chancellor said: “Our unprecedented job retention scheme will protect millions of jobs across the country and is now up and running.

TFMC App Now Includes a Covid-19 Section


We have updated the popular TFMC mobile app to include a new Covid-19 feature. The section includes regular updates to keep you and your business up-to-date with the latest advice and developments.

Covid-19: Merchant Services Don't Cancel - Communicate


As the Coronavirus lockdown seems likely to continue for the foreseeable future, many businesses will be looking to cut costs and save money. Acceptcards, our merchant services provider, have been talking with businesses and asking them to consider the implications of acting too hastily and cancelling direct debit payments or even contracts with their merchant services provider.

Government Business Loan Scheme- Pros And Cons


With the UK as a whole being ordered to lockdown in an attempt to limit the damage caused by the coronavirus pandemic, many businesses have been ordered to shut, or have been forced to shut due to being considered ‘non-essential’ in the current climate.

New Provisions For The Self Employed


On Tuesday 26th March, Chancellor of the Exchequer Rishi Sunak announced a set of additional measures designed to ease the financial pressures placed on the self-employed by COVID-19. The government has also assured the UK that even more help will be offered in time, as the situation develops.