Health & Safety: COVID-19

Face masksDoes your facemask fit properly? Will it work effectively? Is there any point in even wearing a face mask? Experts from HSE and PHE have carried out a rapid review of the evidence supporting the use of personal protective equipment (PPE) in healthcare and in the context of COVID-19. The conclusions drawn from the… Continue reading Health & Safety: COVID-19

Business as usual, we are here to help.

We are all homeworking & providing all our usual services.  Areas where we are seeing an increased need for help; 1. Preparation of forecasts & loan applications.  These are needed to assist businesses with cash requirements over the next few months .They are required to support business interruption loan applications which we are assisting with… Continue reading Business as usual, we are here to help.

Chancellor unveils help for self-employed workers

On the 26 March, Chancellor Rishi Sunak announced a scheme to help self-employed workers who have been hit by the COVID-19 crisis. Under the scheme the government will pay self-employed people a taxable grant based on an average of their earnings over the past three years. The grant will cover up to 80% of earnings… Continue reading Chancellor unveils help for self-employed workers

Our Charity of the year – The Spark Arts for Children

Each year at Torr Waterfield we choose a charity, local or national, to represent and raise money for.  This year we have chosen to support The Sparks Arts for Children. The Spark Arts for Children is a busy children's art organisation based in the LCB Depot (Leicester City Council managed workspace for creative industries), in… Continue reading Our Charity of the year – The Spark Arts for Children

Free Useful Resources

Access to really useful resources including: calculators, tax rates and allowances, market data, a tax calendar together with access to HMRC and Companies House forms. To get access to these free useful documents use this link https://www.torrwaterfield.co.uk/resources Why not register to receive our Monthly Newswire? Registration will allow you to: receive our monthly email packed… Continue reading Free Useful Resources

The Audit Process

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

VAT Domestic Reverse Charge for Building and Construction Services

From 1 October 2019 a new VAT reverse charge comes into effect for building and construction services, where payments are required to be reported under the Construction Industry Scheme.  Broadly it means that when a business receives a supply of building and construction services for onward sale, the recipient of the services (the contractor) accounts… Continue reading VAT Domestic Reverse Charge for Building and Construction Services

Why is an Accountant Good for my Small Business?

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?

Help When You Need It

Help When You Need It For the times when you need a second opinion, simply don’t know the answer, or it’s outside of your business remit, you can contact our dedicated Employment Law, Health & Safety and Commercial Legal Advice lines. Because we have partnered with Croner Taxwise you’ll receive access to the UK’s leading… Continue reading Help When You Need It

MTD for VAT – Are you ready?

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?