Archive for September, 2008

Limited Companys Letterheads and Notices

Tuesday, September 16th, 2008

You must display the company’s registered name at its registered office and inspection place(s), and any other location at which you carry on business. The signs must be in a prominent position so visitors can easily read them. Companies may be exempt from this requirement where:·                     they have never traded – ie they have been dormant since incorporation ·                     the location is primarily a domestic location provided the premises is not the company’s registered office or a location for inspection of its records Where a business location is shared by six or more companies, each company is only required to display its registered name for at least 15 continuous seconds at least once every three minutes – eg by using an electronic notice-board.You must display your company name on business letters, notices, official publications, and websites.You must also display your company’s registered number and the address of its registered office on your electronic and paper documents, including emails, invoices, receipts, order forms and websites. You do not have to do so on every page of your website, but must place this information so that it can be easily found and read.

National Miminum Wages Changes 01/10/08

Tuesday, September 16th, 2008

All employers in Great BritainTakes effect on
1 October 2008
From 1 October 2008, new national minimum wage (NMW) rates will come into force. The NMW applies to nearly all workers and sets hourly rates below which you must not allow pay to fall.For pay reference periods beginning on or after 1 October 2008, you will have to pay all eligible workers the following:·                     £5.73 an hour to adult workers aged 22 and above ·                     £4.77 an hour to workers aged 18-21 – the development rate  ·                     £3.53 an hour to workers aged below 18 who are no longer of compulsory school age

The daily accommodation offset

You will be able to offset from the NMW an amount of £4.46 per day for each day that you provide a worker with living accommodation.

Measurers to kick start the housing market

Wednesday, September 3rd, 2008

Yesterday the government announced measures to hopefully kick start the housing market. Remember time and time again it has been shown that you cannot buck the market, it has to find its own level, but sure you can encourage trends and try to engineer a soft landings.

In the face of record falls in new mortgage applications, falling house prices, house builders laying off staff and announcing write downs in their property banks, Enormous doom and gloom in the market,  the government have announced new measures to help (?)

The increase in the stamp duty threshold for 12 months may help, but will a 1% saving encourage you to buy in a market that’s falling and why oh why did the chancellor allow speculation on stamp duty to go on for so long ?

The interest free 5 year loans for certain qualifying first time buyers may help. (if you qualify)

The ability to sell all or part of you home to a housing association and rent it back may help.

What is really needed is a bit more confidence and realism.  People who rushed into buy to lets ignored the basic economics of the rents being able to cover the mortgage !

A home is where you live and not necessarily an investment ! the value of your home is only an issue when you want to sell it.

Prudent people will not have overstretched themselves to buy in the first place and should be able to afford there mortgages..

only time will show if these measures will help. until then the message has to be HANG ONTO YOUR HAT -WE ARE IN FOR A BUMPY RIDE !