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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
The way HMRC calculates tax penalties is about to change. The changes will initially apply to VAT and Income Tax Self Assessment (ITSA). HMRC say this is to make tax penalties 'fairer and more consistent across taxes'. When Do Tax Penalties Change?for VAT taxpayers from periods starting on or after 1 April 2022 for taxpayers...
Auto-correct activated From 19 June 2021 HMRC has been automatically correcting 2020/21 tax returns where the total amount of SEISS grants reported doesn’t match their records. It will then take them a while to process all of the tax returns submitted before 19 June, as some manual intervention is needed to make any adjustment of the...
A new Recovery Loan Scheme was launched 6 April 2021, to provide much needed liquidity to businesses affected by COVID lockdown measures. Under the scheme, loans of up to £10m are available. The minimum facility sizes vary, starting at £1,000 for asset and invoice finance, and £25,001 for term loans and overdrafts. The Recovery Loan Scheme...