Sole trader to Limited Company – What next?
What do you need to do if you have just changed your business from a sole trader to a limited company.
Minimum Wage
The National Minimum Wage (NMW) rates are changing from 01 October 2009 meaning that many low paid workers will be receiving a pay rise. The new rates are as follows: National Minimum Rate New hourly rate £ Main rate for workers aged over 22 5.80 …
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Professional Partnership
Russell & Co have been appointed as the accountants for a client operating in the financial services industry. The two year old business, which operates from the Quayside in Newcastle upon Tyne, is expected to have annual profits of over £100,000, currently operates as a husband and wife partnership. …
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Company Director
Referrals are the key to growing any business so Russell & Co are particularly pleased that a referral from a new client has lead to a young company director, based in the Tyne Valley, becoming the latest addition our client base. Initially, we will be …
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Free Access to Government Contracts
Thousands of lower value government contracts are to be advertised free of charge on the Government’s website.
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Tax Free Savings
Each year the HMRC allows taxpayers to invest in tax free savings called Individual Savings Accounts (ISA). From 6 October 2009, the limit on the amount that individuals aged over 50 by 5 April 2010 can invest will increase by £3,000 to £10,200. This is a …
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New Penalties – A Warning
Many businesses across the UK are in for a shock from May 2010 when HM Revenue and Customs (HMRC) will have new powers to collect penalties on late payment of PAYE and CIS.
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Transport company
Russell & Co have agreed to takeover as accountants for a Northumbrian haulier. The family run business, based near Ashington, has a turnover of approximately £1million.
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Architect signs up
Russell & Co are pleased to announce that a firm of architects employing 6 staff based in Newcastle upon Tyne have decided to become clients.
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New Client
Russell and Co are pleased to annouce that we have agreed to act for a South Shields based lettings agent.
Figures that always add up!
Tel: 01661 872004
