Tax Resources

Practical tax and accounting guidance for business owners, directors and individuals.

FMX Knowledge Centre

Use these guide areas to understand the main accounting, tax and compliance topics that affect UK businesses and taxpayers.

HMRC Deadlines

We help clients keep track of Self Assessment, VAT, PAYE and Corporation Tax filing dates. Missing deadlines can lead to penalties, so we build reminders and clear next steps into the work.

Allowable Expenses

Understanding which costs are allowable can reduce tax risk and improve record keeping. We guide clients on business expenses, director costs, mileage, home working and supporting documents.

Making Tax Digital

Digital record keeping is now an important part of UK tax compliance. FMX can help you organise bookkeeping software, VAT records and the information needed for accurate submissions.

VAT Registration

We can review whether your business needs to register for VAT, explain the responsibilities and help you choose the right VAT approach for your circumstances.

Payroll and PAYE

Employers must calculate pay, deductions and reports correctly. We support monthly payroll, payslips, RTI submissions and director payroll planning.

Company Tax

Limited companies need accurate year-end accounts and Corporation Tax calculations. We help directors understand what is due, when it is due and what records are needed.

Bookkeeping Systems

Good bookkeeping gives business owners cleaner reports, easier VAT preparation and better visibility over cash flow, customer balances and supplier costs.

Director Responsibilities

Directors need to understand accounts, Corporation Tax, dividends, payroll, company records and Companies House filings. FMX can explain the practical responsibilities clearly.

Business Consultancy

Finance information is more useful when it supports operations. FMX also helps with cost control, quality systems, customer operations and management information.

PAYE and VAT Calculators

Use quick HMRC-rate tools to estimate salary deductions, employer National Insurance and VAT-inclusive or VAT-exclusive amounts before asking FMX to review the real figures.

FCA Authorisation Support

FMX can support financial readiness, business plans, forecasts and management information for firms exploring FCA authorisation in collaboration with Alumni Compliance.

Common Client Questions

These are the kinds of questions clients often ask before they appoint an accountant or improve their records.

Starting Out

Should I trade as a sole trader or limited company?

The right structure depends on tax, risk, admin, income level, business plans and personal circumstances. We can explain the differences and responsibilities.

Ask FMX
VAT

When do I need to register for VAT?

VAT registration can be compulsory or voluntary depending on turnover and business plans. We can review your position before it becomes urgent.

View VAT support
Records

What records should I keep for HMRC?

Good records include invoices, receipts, bank activity, payroll data, mileage, stock, contracts and notes that explain unusual transactions.

View bookkeeping support
Company Tax

How early should I prepare year-end accounts?

Preparing early gives more time to resolve missing records, review director balances, understand tax, plan cash flow and file confidently.

View company accounts
Payroll

Can I run payroll for directors and staff?

Yes, but the payroll must be calculated, reported and paid correctly. FMX can support director payroll, employee pay, PAYE and payslips.

View payroll support
Tax Returns

What if my Self Assessment is late?

Late returns can create penalties and interest. We can help organise records, prepare the return and explain what should happen next.

View tax return support

Support by Business Stage

FMX supports clients from early setup through to stronger systems, better reporting and growth planning.

New business

Setup and registration

Business structure, HMRC registration, bookkeeping setup, VAT review, payroll setup and first-year record keeping.

Growing business

Monthly control

Regular bookkeeping, VAT returns, payroll, management information, debtor review and clearer profit reporting.

Established company

Year-end and planning

Annual accounts, Corporation Tax, director balances, dividends, payroll planning and tax-efficient record review.

Improving systems

Consultancy and operations

Cost management, customer operations, quality systems, process improvement and better decision-making reports.

Call FMX Accountants