Wages is a common term for income generated from employment or operating a business. As wages are, after all what most people work for in the main, it is important to understand how to go about managing your wages are if you’re an individual and how to handle wages for employees if you own your own small business. Even if you are a Sole Trader you will likely pay yourself wages so it is worth being fully clued up about wages and taxation (Income Tax in particular).


Growth in UK Manufacturing

In June of this year UK manufacturing showed its strongest growth in two years. This appears to have boosted many people’s hopes of an economic recovery. The purchasing managers’ index (PMI) was 52.5 last month, which is a strong indication

Tax Helpline – A Quarter of Tax Helpline Calls Go Unanswered

Tax helpline – around a quarter of all taxpayers calls to HMRC help lines go answered, with no guidelines being in place to advise callers how long they may have to wait.

Exchequer secretary David Gauke said that HMRC did

Consumer Spending Drops Despite Pre Christmas Sales

New figures released today by the British Retail Consortium (MRC) have seen the poorest sales performance since May and 1.6 percent lower than the same month last year.

The BRC said that mild weather had hit winter clothing sales whilst …

UK Public Borrowing Lower Than Expected

The month of October saw the UK’s new borrowing fall to £6.5 billion, down from £7.7 billion the year before.

The borrowing was lower than expected as growth in tax revenue was greater than spending, with most economists having predicted …

National Minimum Wage

The announcement that the national minimum wage is to increase by 2.5 percent has been met with criticism from many people in the business community.

The current adult hourly rate is £5.93 per hour and will rise to £6.08 in …

Increase in National Minimum Wage

The implementation of the new national minimum wage starts today. The current rate for workers aged 21 and over goes up from £5.80 per hour to £5.93 per hour.

Previously employees aged 21 were not entitled to receive the full …