Chat with us, powered by LiveChat
We use cookies to track usage and preferences. Accept View Policy

Would you like to download our mobile application from the App Store?

Not Now
For more information
0800 470 4820* or 0333 202 7198*

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

2

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.


Bounce Back Loan For Small Businesses

1

Launched after the controversial CBILS loan scheme this initiative seems to be succeeding where the former has arguable failed – with 464,393 approved applications as opposed to the 40,564 for CBILS, as of the 20th of May.


COVID-19 and Financial Services

4

The ongoing coronavirus crisis is impacting all areas of life and this includes financial services. There are a lot of issues that businesses and other organisations will need to consider over the coming weeks and months. Here we will look at some of the most important areas and how they are being affected by COVID-19.


Business Interruption Loan Scheme – How We Can Help

2

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 Job Retention Scheme - How can you Claim 80% of Wages back from The Government?

2

You can claim back a maximum of 80% of your furloughed employees wages, up to a maximum of £2,500 per month, plus associated National Insurance and pension contributions, via the Government’s Job Retention Scheme online service. You will need a number of details, including your employer PAYE scheme reference number and each employee’s National Insurance number. You will also need to work out the full amount you’re claiming for including employer National Insurance contributions and employer minimum pension contributions. Find out more.


Covid-19 Coronavirus Business Contingency Plan

2

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

2

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

1

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.