TFMC Blogs

IR35 is designed to prevent 'disguised employee' arrangements. This situation arises where a person labels him or herself 'self-employed' despite fitting the legal description of an employee.

Receiving notification of HMRC's intention to inspect your tax affairs is frightening no matter how innocent you may be. This aim of this blog post is to significantly ease any concerns you may hold.

Sadly, many business owners literally pay for poor cash flow management. Seeing Bad Debts on your Profit and Loss Account is one of the worst things our clients have to see. Effectively they have given some goods or provided a service for nothing and sometimes even at a further cost

A recent report by the National Audit Office (NAO) reveals unpaid tax stands at a whopping £34 billion for 2014/2015.

The number of rogue directors struck off by the Insolvency Service for criminal activity rose by almost a half during 2014/2015.

HMRC this week announced its intention to tighten the rules around company tax avoidance. If suspected of 'borderline' tax avoidance, offending companies will be elevated to what HMRC terms 'special measures'.

One of the first decisions you need to make when starting your business is choosing the right entity. Do you set up as a sole trader, in partnership (if there is more than one of you) or a limited company?

Jane Thompson runs The Financial Management Centre in Bolton helping SME businesses in the Bolton area with their financial management and accounting processes.

One of the key announcements in this week’s Budget was the introduction of new dividend taxation rules, which will come into effect in April 2016. The changes are expected to generate around £6.8bn of tax over the next five years.

The “Grexit” (Greek exit) has been a near constant talking point for the Markets in the UK since the beginning of the year. The euro has strengthened over the last five months by an average of 0.7% against the other most actively-traded currencies. In recent weeks the euro has edged higher on average. Compared with pre-referendum levels, it is down by just two thirds of a cent against sterling and the US dollar.