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Dingle Herring & Company Limited is a video production company started in 2017 by two friends keen to use their expertise and set up their own business.
They wanted to form a company tax-efficiently and also set up financial systems to record and report their business finances accurately and promptly.
We began working with them from the very start, helping them set up effective financial systems as well as dealing with their statutory accounts and tax returns. Our experience in helping clients start a business, together with our accounting and tax expertise helped them to build a healthy turnover, starting from zero, while managing their cash carefully.
Eventually, they were able to build a very healthy turnover in the first year and then grew it by 55% by the end of the second year, doubling their profits along the way.
HFM has been an integral part of our business from the start. They helped us get our business off the ground, both with accounting and with crucial, business and financial advice. All processes have been simplified for us, which has allowed us to focus on driving our business and doing what we do best.
Speak to our specialists on +442079179506
Ian Marlow
HMRC have announced a temporary extension of loss relief carry-back for both companies, sole traders and partnerships, as many businesses across the UK are likely to make losses in the 2020-21 tax year due to the havoc resulting from COVID disruption. The recent Budget announced that losses can be carried back for an extended period...
More has been disclosed or leaked, of the 2021 Budget announcements than in previous years. But we now have the details and there is a lot to consider. The following 2021 Budget summary is split into four sections:COVID-19 related support measures for UK businesses Support for the UK housing market Taxation changes Other announcementsThe...
The Treasury has advised banks that provide Bounce Back Loans to offer a more flexible approach regarding repayments, called Pay as You Grow, which is good news for small businesses.Pay As You Grow (PAYG)The new Pay As You Grow rules offer the following concessions:To extend the length of bounce back loans from six years...