If you change the name of your Limited Company, previously you would have needed to submit the appropriate form with Companies House and also let HM Revenue & Customs know of the change.

Now, once the update has been made with Companies House, they will forward the new details on to HMRC saving you the need to write to 2 places.

If you have any questions on accounting for limited companies please contact Harrisons Accountancy - Accountants in Biggleswade.

If you let a furnished room out in your house, you could be better off using the "rent a room" scheme. 

This scheme allows you to receive £4,250 tax free per year. The limit is £2,125 if the room is let jointly. The income used in the calculation is the gross income - ie before any expenses are deducted.

The scheme applies if the lodger has a whole room or whole floor in your house, but not if the house has been divided into separate dwellings - eg flats.

If you are considering using the rent a room scheme and would like some assistance, please contact Harrisons Accountants.

It's that time again.

The national minimum wage has increased from today (1 October 2010)
The new rates are as follows: -

Workers over 21 years old - £5.93 per hour
Workers between 18-21 years old - £4.92 per hour
Workers under 18 years old - £3.64 per hour

If you require any further information please contact Harrisons Accountants - Accountants in Biggleswade, Bedfordshire