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

TFMC Blogs


2018 Hillingdon Expo

1

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

10

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?

1

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

1

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

11

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

6

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.



Three Quarters Of A Million People Filed Their Taxes Too Late

1

More people submitted their self-assessment tax returns on time in 2018 when compared to 2017. However, this doesn't mean the tax-return for the year 2016/2017 has been smooth sailing. There are still three-quarter of a million people who missed the deadline for tax returns.


Late Filing Penalties

4

The current late filing system at HMRC has its faults. Many people who unknowingly miss the self-assessment deadline, are penalised instantly. HMRC has decided to change the rules, to ensure those who have inadvertently missed a deadline will not be punished for a simple mistake.