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Sales (£):

The total value of all sales.

Costs of Sales (£):

The cost of items purchased to sell.

Direct Wages (£):

The cost of wages.

Admin and other costs (£):

The cost of all admin and any other costs.

Other income (£):

The total value of all other income.

Calculate

Note: These calculations are only for illustrative purposes and are not a substitute for professional advice.

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19 May 2022

HMRC issues £14 million in penalties for minimum wage offences

HMRC issued 580 penalties totalling over £14 million for minimum wage offences during 2020/21, according to a report released by the Department for Business, Energy and Industrial Strategy (BEIS).

Cloud Accounting

It is clear to see that cloud accounting is the way forward: its ease of use, accessibility and cost effectiveness ensures that it remains a popular choice for many businesses.