TFMC Blogs

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.

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.

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.

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.

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.

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.

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.

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 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?

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.