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Covid-19 (Coronavirus) Update

Coronavirus is having a huge impact on all sectors of business. Despite this, businesses are still having to manage their books, file VAT returns, run payrolls and most importantly their credit control processes. TFMC is continuing to provide our full range of services through this difficult time. For the latest information and support visit our Blog section or use our app with regular updates sent direct to your phone.


TFMC Blogs







How to Survive a Tax Inspection

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Receiving notification of HMRC's intention to inspect your tax affairs is frightening no matter how innocent you may be. This aim of this blog post is to significantly ease any concerns you may hold.


Managing Your Cash Flow

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Sadly, many business owners literally pay for poor cash flow management. Seeing Bad Debts on your Profit and Loss Account is one of the worst things our clients have to see. Effectively they have given some goods or provided a service for nothing and sometimes even at a further cost



No £100 Late Fee for Late Tax Return

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During 2014 over 800,000 people received a late submission penalty. This was mostly due to a new requirement meaning parents earning between £50,000 and £60,000 a year and claiming child benefit must file a tax return.


Company Car Tax Advice

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Rules concerning company car taxation are complicated and can be difficult to understand. Company Directors and employees earning more than £8,500 per year must pay tax on their personal usage of company vehicles by way of Benefit In Kind (BIK) taxation.