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TFMC Blogs


New Version of the TFMC Mobile App Launched!

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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 version of The Financial Management Centre App. It's completely free of charge and it's available for iPhones, iPads and Android devices. Upgrade your app now!


ISA, LISA, or pension?

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So you've reached a point in your life where you are starting to think about your retirement. But how can you really make the most of your savings and ensure you can enjoy your golden years comfortably? The three most dominant savings products on the market right now are ISAs, LISAs, and standard pensions. In this article, the Financial Management Centre team will be looking at what each of these schemes are and (hopefully) helping you work out which option is best for you.


VAT and Making Tax Digital

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From April 2019, Making Tax Digital is officially and finally launched. When it goes live, VAT-registered businesses and those whose turnover is above £85,000 will have to start using it. But what is it and what do you need to know?


Tax Free Childcare Vs. Childcare Voucher Scheme

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In this article, the Financial Management Centre team explain what each childcare scheme is, how they work, and which is the best choice for you. If you're currently considering the childcare options that might work best for you and your family, you have two options to choose from. Be quick as your options are narrowing as the childcare voucher scheme will soon stop accepting applications, so the clock is ticking.


Bitcoin & Taxes

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Bitcoin reached its peak in December 2017 at nearly $20,000. Just five months before in July 2017 it was trading at $3,000. Now, nearly seven months later, the value has dropped over half. Bitcoin, and other cryptocurrencies, are new forms of electronic money, completely free of government control. Read more on bitcoin and taxes here.


How to Change Your Accountant

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In this article, The Financial Management Centre team explores the main reasons why business owners want to change their accountant and what to do if you're now ready to make the change. Around 400,000 businesses change accountant every year. Each business owner has their own reasons for doing so. If that's you, then you'll be relieved to hear that the process of changing accountants is a simple one.


Special VAT Schemes

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There are multiple VAT schemes available for VAT registered businesses. We look at retail schemes, second-hand schemes, the flat rate scheme for small business, annual accounting scheme, cash accounting scheme and the tour operators’ margin scheme.


What Do You Need to Get a Commercial Mortgage?

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If you’re tired of fluctuating rent, having to ask permission to make changes, or simply are running out of space, you may be considering buying your own business premises. Commercial mortgages help you do just that.


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.