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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


Directors' Guarantees

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When looking for finance for your business, you may notice that many lenders ask for personal guarantees before they'll part with any money. If you need extra funding for growth, new equipment or hardware, providing a director's guarantee helps to reassure lenders that they will definitely get their money back should your company be unable to repay the loan.


The Ultimate Guide to Landlord Taxes

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Owning a property and renting it out for a living can be a difficult business to get right. You need to balance your tenants’ happiness with profit – and now HMRC are changing landlord tax laws. Keeping up with these new changes could be the difference between just staying afloat or thriving.


2018 Hillingdon Expo

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The 4th annual Hillingdon Business Expo attracted over 100 exhibitors and was attended by more than 1500 visitors from regional businesses and local enterprises. The popular event, which took place on Thu 31st May 2018 at the Brunel University London campus in Uxbridge, was packed with presentations, advice sessions, BBQ networking, prize draws, and demos.


The Delay of the Digital Tax Revolution

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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.


GDPR... How Does it Apply to Me?

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GDPR is coming and it will be here on 25th May 2018. If you and your company are not prepared you could be in breach of the regulation and may be subject to fines. Why not view a webinar on GDPR?


GDPR for Small Businesses

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The European Union's GDPR (General Data Protection Regulation) Act will come into force at the end of May. Many business owners in the United Kingdom have yet to prepare themselves for this new regulation, and others do not know what it exactly entails.



Minimum Wage and Living Wage Rise

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For the new tax year starting per 1st April, there will be some changes made to the national minimum wage to ensure that the standard of living for all UK workers is maintained in line with inflation.


The Increase in Auto Enrolment Rates Explained

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You might have heard about the increase in the pension contributions and wonder how that will affect your business, or you as an employee. Both employee and employer will pay more into the pension scheme over the coming years, and the responsibilities of the employer will therefore increase as any mistakes will have more serious consequences. For many business owners, these responsibilities are still quite unclear. On this page, we shall outline the upcoming changes, and ways to deal with the increase in contributions.