Happy New Year ! Get 2020 off to a good start by making sure you submit your Tax Return by 31st January 2020. The deadline for submitting your 2018/19 self assessment return is 31 January 2020. The deadline applies to taxpayers who need to complete a tax return and make direct payments to HMRC in… Continue reading Self assessment deadline approaching – 31st Jan 2020
A lot of companies dread the audit process, so here at Torr Waterfield we aim to make the process as pain free as it can be. The way we do this is: Keep the audit team as consistent as possible year on year to gain an in depth knowledge of how the business operates Keep… Continue reading The Audit Process
The count down is on! There are less than 24 Hours to go until the TW team begin their gruelling challenge. Thank you if you have already made a donation and if you haven't had a chance yet there is still time. The challenge will commence at 9am on Saturday 14th September with Tom Simpson, Mike… Continue reading Wish us luck, less than 24 Hours To Go…..
Accountants can sometimes be seen as too expensive, or a luxury only needed for bigger companies, but there are a number of ways in which accountants are helpful for even the smallest of businesses. Saving Tax I was speaking to a business owner recently who had prepared his own accounts and tax return for a… Continue reading Why is an Accountant Good for my Small Business?
From April 2019 VAT registered businesses and organisations with taxable turnover above the VAT threshold of £85,000 are required to maintain their accounting records digitally in a software product or spreadsheet and also submit their VAT returns to HMRC using compatible software. Here are a few programmes that are compatible with MTD for VAT: XeroSage… Continue reading MTD for VAT – Are you ready?
If you are a client of ours, you may have already received one of our bespoke feedback surveys. You may have even thought to yourself “I wonder if anyone actually reads these?” well... the answer is yes! The feedback forms which we receive are read out to the whole team at our weekly team meeting… Continue reading Tell us how we’re doing!
Are you a working parent with a child entered into child care? You could benefit from a cash saving scheme that works with childcare providers.................. Childcare vouchers are a government approved benefit for all eligible working parents. These are a tax efficient way of paying for childcare that won’t cost you anything to join. Most… Continue reading Childcare and employer provided childcare vouchers.
Our chosen Charity of the year is ‘LAMP’ - Leicestershire Action for Mental health Project which helps those in mental distress. To raise some money for this amazing cause the Torr Waterfield team are taking on Lake Windermere, the largest lake in England. Whilst this sounds a bit of a stroll, (the length of the Lake is… Continue reading Torr Waterfield’s Lake Windermere Charity Walk
After seeing the shock on clients’ faces when they are told of their company and personal tax liability from their year end accounts, or issues with internal costing resulting in low profits, monthly, or at least quarterly, management accounts are vital to ensure that business owners are fully aware of the current position of the… Continue reading Why do Management Accounts?
From 30 June 2016 the Confirmation Statement replaced the Annual Return. The Confirmation Statement is intended to serve roughly the same purpose as the Annual Return but rather than providing a snapshot of your company data at a specific date, you now need to confirm that the information held at Companies House is accurate… Continue reading Goodbye Annual Return Hello Confirmation Statement