A Year out

In 1995 my husband and myself decided to take a year out to travel around the world. At the time I worked for British Telecom who were kind enough to give me the time off, which meant I had a job to come home to. My husband gave up his job but he did have…

We like to think we’re not your average accountants.

At Torr Waterfield we pride ourselves on steering away from the typical stereotype of ‘old boring accountants’. Elbert Hubbard, the American writer, publisher, artist and philosopher is credited with this quote: “The typical accountant is a man, past middle age, spare, wrinkled, intelligent, cold, passive, non-committal, with eyes like a cod-fish; polite in contact but…

‘The Windermere Way’ – Torrwaterfield’s Team Challenge for 2016

The Windermere Way is a 45 mile walk around England’s largest lake, including a total ascent of 7,300ft. 15 members of Team Torrwaterfield took part in the challenge this year, to raise money for http://www.lampadvocacy.co.uk , our charity of the year. The challenge was every bit as tough as we expected; we had sore feet,…

Could you and your employees save money through salary sacrifice?

Salary sacrifice is an agreement between an employer and employee to reduce the employee’s cash salary entitlement, usually in exchange for a non-cash benefit – think of it as swapping salary for something else.  This happens as part of a change to the employee’s contract. How does this save money? Shifting remuneration from cash to…

How much will your business rates be in 2017? — Steve J Bicknell

Business rates are charged on most non-domestic properties, like: shops offices pubs warehouses factories holiday rental homes or guest houses If your property has a rateable value below £18,000 (£25,500 in Greater London) you’re considered a small business. Even if you don’t qualify for small business rate relief, your business rates will be calculated using […]…

Tax Reminder

The following Tax Events are due on 19th October 2016: Business Tax Events PAYE quarterly payments are due for small employers for the pay periods 6th July 2016 to 5th October 2016 This deadline is relevant to small employers only. As a small employer with income tax, national insurance and student loan deductions of less…

LIMITED LIABILITY PARTNERSHIP (LLP) – DID YOU KNOW?

An LLP exists as a legal entity separate from its members. An LLP is fully liable for its own debts. The liability of a member of an LLP is limited to the amount of capital they contributed. A member of an LLP does not have a contract of employment. The members of an LLP would…