Recently, a number of our offices have taken questions surrounding HRMC's "Making Tax Digital" initiative. One of the most commonly asked questions is, "how will Making Tax Digital affect my small business?". We will discuss the HMRC initiative and address that very question and take a look a case study, showing you that moving your tax affairs online can be a simple process and managed quite easily by your local TFMC accountancy office.
The rapid rise and acceptance of cloud bookkeeping has forced many UK accountants and bookkeepers to change their traditional working practices. Technology bridges almost all physical distances, and a combination of phone, skype and cloud bookkeeping services means that many business owners never even meet with their accountants
When you're self-employed or running a small business, it is imperative you manage your income and outgoings carefully. You need your customers to pay you on time so you can manage your own finances and plan accordingly. Without a credit control system in place you make struggle to make a profit or worse still, your business could fail at the first hurdle.