TFMC Blogs

Self Assessment is a topic that is dreaded by many millions of UK Tax payers. In this article we explain the process and show you that there is nothing to fear

For small companies successful credit control can make the difference between sinking or swimming. In this article we share the key strategies to ensure you get paid on time and in full.

The Financial Management Centre’s team talk you through what you need to know about hiring and onboard your first ever employee.

There are less than six months until the first phase of the government’s scheme to modernise the tax system comes into effect. After almost four years of updates, reports, and political wrangling, Making Tax Digital (MTD) for VAT will officially go live on the 1st of April 2019.

The Chancellor’s Budget for 2018 confirmed many contractors’ and their client companies’ worst fears – IR35 will be coming to the private sector within the next two years. But what does the recent expansion really mean for those in the private sector?

Is your young business doing particularly well? Or have you not even started trading yet? Did you know that you can get up to £100,000 funding for your business from the government?

One in seven of people in the UK are self-employed, with hundreds of thousands of Brits working as contractors providing additional knowledge, value, and capacity to the businesses and organisations they work for. We thought that now would be a good time to sit down and take stock of where we are in October 2018.

Director's loan accounts offer limited company directors a lot of freedom to both invest in their business and draw money from their business. Since the introduction of Real Time Information requiring up-to-date reporting on the payment of salaries, director’s loan accounts have become even more popular as directors use them to take “dividend-like payments” from their business on a regular basis.

The Chancellor of the Exchequer, Philip Hammond, has delivered the final 2018 Autumn Budget before Britain leaves the EU. Here we have summarised some of the key announcements made so far.

There are some red flags that you should be aware of with your current accountant because you could be hindering your business's progression and paying more tax than you need to if you stay with an accountant that isn't as passionate about your business as you are. In this article, the Financial Management Centre will explain what to look out for when choosing a new accountant, and how to actually change practices.