Managing costs

Rising living wage set to drive up employer costs

Submitted by pw_admin on 20 January, 2021 - 09:46

Managing costs

23-year-olds to get highest NLW hourly rate for the first time.

AIA limit to remain at £1m until 2022

Temporary threshold in place until 1 January 2022.

One in three firms plan redundancies

More job cuts expected by the autumn.

SMEs cite labour costs as barrier to growth

Business group calls for new measures.

Employers in furlough scheme cut-off warning

Tax group warns employers of cliff-edge.

Govt. to pay up to 80% of workers’ wages

Other concessions announced for businesses.

‘Small business champion’ named new commissioner

Government appoints Philip King on an interim basis.

Retailers suffer ‘worst year on record’

Annual year-on-year sales decline by 0.1%.

National living wage to rise by 6.2% for 2020/21

Low Pay Commission reveals its recommendations.

Quarter of SMEs expect to go bust by 2024

Owner-managers express main concerns.

Registration info

Hentons Chartered Accountants is a trading style of Henton & Co LLP, Hentons (London) Limited and Hentons (York) Limited.

Henton & Co LLP Registered to carry on audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales.

Copyright 2020 Hentons Chartered Accountants. All rights reserved.

Henton & Co LLP, Registered Number 0C300006. Hentons (London) Limited, Registered Number 11385061. Hentons (York) Limited, Registered Number 11155433. Hentons Wealth Limited, Registered Number 11133092. Regulated by the Financial Conduct Authority. FCA registration number 809391.

Registered Offices: Northgate, 118 North Street, Leeds, LS2 7PN. A list of all Partners and Directors is available on request from the registered office.