Do you have children and earn over £50,000? Learn how to reclaim your lost Child Benefit

iStock_000005908146_ExtraSmallOur recent article, ‘6 top tips for the end of the tax-year’ has been extremely popular. One of the tips though is so effective we wanted to highlight it separately. So, if you have children and you or your partner earns over £50,000 each year, read on, you might just be able to reclaim some, or all, of your lost Child Benefit. But, first things first. Why have you lost your child benefit?...

Companies who underpay employees set to be named and shamed

receiving moneyNew plans from the Government, will see firms who fail to pay their employees the national minimum wage named and shamed, in an ongoing crackdown on underpaying. The Trades Union Congress (TUC), has estimated over a quarter of a million workers in the UK are being paid less than the national minimum wage. Although this practice it is already illegal, the Government hope the new rules, to be introduced in October, will embarrass underpaying firms into paying the required amount. Past ...

Fewer bankruptcies since the beginning of the financial crisis

OLYMPUS DIGITAL CAMERAAccording to recent figures released by RSM Tenon, the number of individuals declaring themselves bankrupt have reduced since the financial crisis. RSM Tenon, a firm of accountants and business consultants, has suggested around 25,000 borrowers resorted to insolvency to resolve their debt problems in the first three months of 2013. Bankruptcies are down by 16% on 2012 and are now at their lowest level since early 2008. Financial experts believe the report is encouraging, as it revealed full bankruptcies fell by ...

Government approve new national minimum wage rate

Minimum WageThe National Minimum Wage is set to rise from October, following acceptance by the government of a recommendation by the Low Pay Commission (LPC). All levels of the minimum wage will rise, including those for an apprentice, which the government has said will increase despite calls from the LPC for the rate to be frozen. National Minimum Wage rises From 1st October 2013 the minimum wage will rise as follows: The adult rate will increase by 12p to £6.31 an hour The rate for 18-20 year olds ...