We all know it is very important to pay your taxes to HMRC by their deadlines to avoid any late payment interest and penalties. The statutory deadline for paying Employers PAYE liability is the 22nd of the month – or the 19th if paying by cheque through the post. Different ways to pay your PAYE… Continue reading Extending your PAYE payment deadline the easy way
Each year at Torr Waterfield we choose a charity, local or national, to represent and raise money for. Previous charities we have supported are The Epilepsy Society, Bamboozle Theatre Company, Keep The Beat and many more. This year we have chosen L.A.M.P. (Leicestershire Action for Mental Health Projects). LAMP works to support those in mental… Continue reading Charity Of The Year
Here at Torrwaterfield we are constantly updating our systems and software to keep up to date with ever changing technology. Part of this included creating a Taxapp. The Torrwaterfield Taxapp is free to download and available on both IOS devices (App store) and Android devices (Google play). The app includes the following features: Key Tax… Continue reading Keep up to date and download our free Tax App
From 6 April 2016, Limited Companies, LLPs (Limited Liability Partnerships) and SEs (Societas Europea) are required to hold a register of people with significant control (‘PSC register’). This is part of the government’s commitment to increase transparency in ownership and control of companies. A PSC is anyone in a company, LLP or SE who meets… Continue reading People with significant control (PSC) – The New PSC Register
Following on from Becky’s blog back In November: ‘Help – I’ve received a letter from the Pension Regulator’ I’m sure there are some of you wondering what you should do if you do not employ anybody, and consequently don’t have anybody on your payroll, or are a director only company. Automatic enrolment duties do not… Continue reading Automatic Enrolment – What should I do if I’m not an employer?
You must register for VAT when your VAT taxable turnover exceeds the ‘VAT registration threshold’ of £83,000. This is calculated on a rolling 12-month basis and is not solely based on your year-end accounts turnover ... so please be aware of this! What happens if I don’t register in time? If you forget to register… Continue reading When do I need to register for VAT?
What are company statutory books? Statutory books are records about your limited company which are legally required to be kept and safely stored. The relevant documents are usually kept in a bound book or a ring binder. Alternatively, they can also be held in electronic format providing that you are readily able to obtain hard… Continue reading The importance of keeping your company statutory books up to date.