Posts Tagged ‘Swansea Accountants’

Calls for businesses to pay ‘living wage’ as poverty rises among the employed

Friday, February 7th, 2014

Businesses are being called upon to pay staff a wage in line with the rising cost of living, as the number of ‘working poor’ increases.

Around 13 million people in the UK are currently classed as in poverty, and last December, for the first time, it was found that more than half of them were in work.

It is currently estimated that a person must earn £8.80 per hour to support themselves in London and £7.65 elsewhere – though the minimum wage for those over 21 is set at only £6.31.

A report by the Living Wage Commission states states UK employment is becoming ‘increasingly unequal’, with 420,000 more people being paid below  ‘living wage’ in the past 12 months.

The report also states that 5.24mn workers – more than a fifth of the workforce – are paid below living wage.

The pressure is on businesses of all sizes to demonstrate their commitment to their employees and to the economic recovery by raising wages to a ‘more realistic’ standard.

However, many businesses are also struggling financially, and their swansea accountants may tell them they can ill afford to raise wages across the board – at least, not without potentially losing clients by demanding higher prices.

There are said to be a number of causes for the rise in the working poor. The Joseph Rowntree Foundation contends that a rise in part-time work and zero-hour contracts have lowered unemployment on paper, but done little to help people out of poverty.

So while there may be more people in work than this time last year, there is little indication that there are significantly more hours being worked.

Additionally, minimum wage has not risen in line with the cost of living nor inflation, resulting in many becoming unable to enjoy the quality of life they are used to.

Julia Unwin, Chief Executive of the Foundation, said: ‘We have a labour market that lacks pay and protection, with jobs offering precious little security and paltry wages that are insufficient to make ends meet.

‘While a recovery may be gathering momentum in the statistics and official forecasts, for those at the bottom, improving pay and prospects remain a mirage.’

Dr John Sentamu, Archbishop of York and chair of the Living Wage Commission, said: ‘The idea of “making work pay” increasingly sounds like an empty slogan to the millions of people who are hard-pressed and working hard and struggling to make a living.’

Economists warn that the proliferation of low-pay, low-skill work is incompatible with the needs of a first world country.


Accountant For Small Business in Swansea

Monday, July 8th, 2013

Small business owners have different accountancy needs that medium to large corporations which is why Swansea chartered accountants Fergusons have developed a complete accounting package aimed at small businesses in Swansea.

Most small business owners are busy running their business so fail to see the opportunities that a well run set of accounts can achieve when it comes to profits and cash flow.

Xero Accounting For Small Business in Swansea

Fergusons introduced Xero cloud accounting some time back and now local business owners in Swansea are raving about this incredible accountancy software that is so easy to use.

Business accounts should be helping Swansea business owners run their business more profitably and help increase cash flow but more often than not owners are too busy in their business to run their business accounts efficiently.

That’s where Xero accounting helps business owners in Swansea. Listen to Steve Brace of KSC Carpets explain the difference it has made to his business …


So if you need an accountant for a small business in Swansea then give Fergusons a call on Swansea 01792 894375

Swansea Accountants

Monday, July 8th, 2013

Fergusons have been accountants in Swansea ever since the firm was first set up to provide an accounting and bookkeeping service many years ago. As a Swansea chartered accountants firm we provide a complete range of business accountancy services including:

  • Business Accounting
  • Audits
  • Bookkeeping & Management Accounts
  • Business Start Up
  • Company Secretarial
  • Corporate Finance
  • Corporate Tax & Planning
  • VAT
  • Payroll

Swansea Accountants Support For Personal Accounting

Whilst we work with local business owners in Swansea and South Wales we also provide personal accountancy services such as:

  • Estate Planning
  • Personal Tax Planning
  • Retirement Strategies
  • Self Assessment
  • Trusts & Executorships

Swansea Accountant – Specialist Services

As a Swansea accountancy firm we realise that not all of our customer or clients fit neatly into one of our accountancy services so we also provide a range of specialist services including:

  • Retail Specialists
  • Construction Specialists

If you are looking for a Swansea accountant who will deliver a first class service and work with you to maximise the potential of your business then give Ferguson Chartered Accountants a call on Swansea 01792 894375


If you want to know what our customers think of us and some of our services, especially the Xero cloud accounting