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TFMC Blogs

Are You Ready for the New National Living Wage?


As of 1st April 2016, workers aged 25 and over will be legally entitled to the new National Living Wage (NLW) of £7.20 per hour; a fifty pence increase on the existing National Minimum Wage (NMW) of £6.70 per hour. The current National Minimum Wage rates will still apply to workers not affected.

Company Car Tax Changes


In this post The Financial Management Centre offers guidance on the upcoming changes to how company vehicles will be taxed.

It's Landed! The Brand New App from TFMC


At The Financial Management Centre we are constantly looking for ways we can improve the service we offer our customers and we are proud to announce the launch of our brand new finance & tax App. It's completely free of charge to download and it's available for iPhone, iPads and Android phones and devices.

Tax Deductible Letting Expenses for Landlords


Changes announced in the 2015 Summer Budget will significantly increase tax bills for the two million buy-to-let landlords in Britain. The chancellor, George Osbourne, slashed tax relief for property investors. Find out more...

What is Rent a Room Relief?


In this post we discuss the rules around rent-a-room relief. The Rent a Room Scheme can earn tax free income by renting out accommodation within your main home to a lodger.