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Half of businesses set to grant pay rises

Half of businesses plan to give staff pay rises of more than 2% in the next year, according to joint research by the British Chambers of Commerce (BCC) and Indeed.

In a survey of 1,020 businesses, 50% of businesses said they planned to increase staff pay in line with inflation or above it.

An additional 6% of firms expect to increase pay by more than 5%, while only 2% will decrease pay over the next 12 months.

While the rise is good news for employees, the BCC has warned that businesses will need to find a way to offset the cost of higher wages amid economic uncertainty and recruitment difficulties.

Jane Gratton, head of business environment and skills policy at the BCC, said:

"Growing and pervasive skills shortages are making it harder than ever for firms to fill job vacancies, so it is little surprise they are pulling out all the stops to keep hold of the ones they have.

"But the rising cumulative cost-burden of employment, together with business rates and other charges, increases pressure on firms to raise prices and automate.

"To avoid future job losses, the government must avoid any additional costs on business and help firms to boost productivity."

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Why Clients Choose Easy Accountancy

Easy Accountancy offers a low cost, fixed fee accountancy package with all clients receiving their own dedicated, friendly, approachable accountant.

All of our accountants specialise in providing accountancy services to the self-employed, freelancers, sole traders, small to medium sized limited companies and private individuals. All accountants are employees of Easy Accountancy and we never outsource or offshore work.

Our low cost, all-inclusive fixed-fee accountancy service includes unlimited access to your own dedicated accountant throughout the year and covers all your business and personal tax affairs needs.

All our accountancy services include:
  - Unlimited access to your accountant
  - Ongoing advice on how to manage your business
  - Proactive tax advice throughout the year
  - Updates and reminders so you'll never miss a deadline
  - Free bookkeeping software

As a sole trader our fees start at just £60 + VAT a month, for this you receive the above plus:
  - Completion of your Self-Assessment tax return
  - Advice on how much Income Tax to pay
  - Guidance on National Insurance contributions

As a limited company our fixed fee packages are bespoke to your needs, however typically you’ll receive the above, plus:
  - Completion of your year end accounts*
  - Completion and submission of your annual return Companies House
  - The director/s Self Assessment tax return
  - Payroll bureau
  - Dividends and corporation tax computations

We’ve saved our clients up to half on their accountancy bills – if you’d like a quote, click on the quote me button to the right of this page. Alternatively, call us on 01442 275767 or email newbusiness@easyaccountancy.co.uk.

*If you would like us to complete your company year end accounts we simply ask that you have been a client of Easy Accountancy for one year or have made 12 monthly payments.