Blog

Now that we are approaching the end of the 2019-20 tax year it’s worth noting that you are required to keep your self-employed business records – that underpin your self-assessment tax return for 2019-20 -... read more

The best software for online accounting (or cloud accounting, accounting in the cloud, unicorn accounting etc.) can not be the same for everybody. There are a number of cloud accounting software solutions which vary in range... read more

After 5 April 2020, a whole raft of 2019-2020 tax planning options for individuals will cease to be available. These cover a multitude of opportunities to reduce your liability to Income Tax, Capital Gains Tax and... read more

The world is changing and the business world is no exception. Once accounting ledgers were written longhand in copperplate handwriting but now no one would think of recording transactions that way. In the 21st century,... read more

HFM Tax & Accounts have joined a select group of Quickbooks accountants by becoming one of the first QuickBooks Elite ProAdvisors in recognition of our experience and expertise as a QuickBooks accountant. We now have access... read more

Apart from being good for the environment, being able to write-off the cost of an electric car in the year of purchase is very appealing to businesses as it boosts your cash-flow. Since electric cars have... read more

In general the most efficient way to extract profit from a limited company is through a mixture of salary and dividends as follows: Salary to the National Insurance threshold (currently £8,632) or Income Tax threshold (£12,500).... read more