News

Business Growth Funding

Business Growth Funding Business Growth Funding comes in a number of forms whether it be grants, loans or potentially outside equity. As we continue to expand our support for Russell & Co's clients, we are now using the Adviser Funding Portal to assist in...

Effective Personal Tax Rates

Effective Personal Tax Rates Whether you are an employee, sole trader or shareholding company director your effective personal tax rates can be very different. HMRC are under pressure to raise extra taxes to repay the rises in the National Debt after the huge support...

Coronavirus Restart Grant

Coronavirus Restart Grant - England The Coronavirus Restart Grant scheme supports businesses to reopen safely as COVID-19 restrictions are lifted. Grants will be available from 1 April 2021. Eligible businesses in the non-essential retail, hospitality, accommodation,...

CONSULTATIONS ISSUED ON “TAX DAY”

CONSULTATIONS ISSUED ON “TAX DAY” BY TREASURY The Treasury's consultations issued on "Tax Day" broke with tradition replacing the normal bundle of tax consultation documents released on Budget Day. This year however they decided to delay the publication for 3 weeks...

Corporation Tax Rates will rise to 25%

CORPORATION TAX RATES WILL RISE TO 25% BUT NOT FOR ALL COMPANIES The main UK Corporation Tax rates will rise to 25% from 1 April 2023. We currently have one of the lowest corporate tax rates of the G20 countries. The government states it is committed to keeping the...

Government Support – November 2020

Government Support Over the last few days with the start of the second lockdown in England there have been several updates to the government support packages. Below is a brief summary of the position:   Local Authorities Local authority grants of £3,000 per month...

Tax Codes and Calculations

Tax Codes and Calculations HMRC have been issuing tax codes and calculations following the submission of form P11Ds by employers across the country. The process affects individuals who are taxed under the PAYE  regulations, but will affect both employees and...

HMRC Investigations

HMRC Investigations There is always the threat of a random HMRC Investigation into the affairs of your company, but in recent years a number of Task Forces have been set up to target specific groups. These HMRC Investigations task forces tend to concentrate on...