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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.


Holiday lets vs property rental

8

Buy to let has, for a long time, been considered a great way for people to buy a home, with little risk of falling behind on their mortgage because tenants are covering mortgage payments however there has recently been a surge in interest in holiday lets, thanks to sites like Airbnb, which could persuade homeowners to think about this as an option. This articles delves into the pros and cons of both holiday lets vs property rentals.


Has Hermes created a new type of employment?

2

In a landmark step for workers’ rights, Hermes have struck a deal with their couriers and the GMB Union to create ‘self-employed plus’, a way for their couriers to remain self-employed, but with many of the basic employment rights enjoyed by contracted workers. This article delves into this "new employment" type.



Minimum wage changes from April 2019

11

This articles delves into the changes to Minimum Wage from April 2019 in line with the Low Pay Commission’s recommended guidelines, which take into account inflation and average earnings.


Systematising your business for greater success

2

This article is to help business owners running a growing business by systematising their business for greater success, the little tasks that can start to stack up and delegating some of those tasks to your employees can simply result in their time is now being compromised. By systematising your business, you can structure your own and your colleagues’ working day and in this article we will explain how you can systematise, Why you should systematise and some of the benefits associated with systematising.


Making the decision to incorporate

2

For some business owners, the decision to incorporate their companies can deliver real financial benefits. This articles examines what incorporating your company means, what the benefits are and how to do this.


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.


Pre-year-end tax planning for 2018/19

4

April is nearly upon us, so that can only mean one thing - tax returns! As a taxpayer getting your tax affairs in order is an arduous and frustrating task. However it is a task where there the reward achieved in tax savings can easily exceed the heartache expended in its completion. In this article we take a look at some easy wins for the coming year end.


Late Return Penalties To Be Points Based

4

Penalties for filing your tax return late are a real money spinner for the HMRC and a real source of irritation for tax payers. Plans are afoot to make the penalties larger and based round a points system where you 'earn' points for bad behaviour. Find out more in this article