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Online accounting and payroll software for British business

National Minimum Wage Increase

30.09.2014

The increase will take effect on Wednesday 1 October 2014 and, according to Government figures, more than 1 million people will see their pay rise by as much as £355 a year. The Low Pay Commission (LPC) has said the rise, the first real terms cash increase since 2008, is manageable for employers and will support full employment. The National Minimum Wage rates from 1 October 2014, as recommended by the LPC, will be: a 19p (3%) rise in the adult rate (from £6.31 to £6.50 per hour) a 10p (2%) rise in the rate for 18 to 20 year olds (from £5.03 to £5.13 per hour) a 7p (2%) rise in the rate for 16 to 17 year olds (from £3.72 to £3.79 per hour) a 5p (2%) rise in the rate for apprentices (from £2.68 to £2.73 per hour) Who is entitled to the minimum wage? Workers must be of school leaving age (last Friday in June of the school year they turn 16) or over to get the minimum wage. Contracts for payments below the minimum wage are not legally binding. The worker is still entitled to the minimum wage. Workers are also entitled to the minimum wage if they’re: part-time casual labourers, eg someone hired for 1 day agency workers workers and homeworkers paid by the number of items they make apprentices trainees, workers on probation disabled workers agricultural workers foreign workers seafarers offshore workers Apprentices Apprentices are entitled to the apprentice rate if they’re either: under 19 over 19 and in the first year of their apprenticeship Apprentices over 19 who have completed the first year of their apprenticeship are entitled to the minimum wage rate for their age. Gov.UK Sources: One million set to benefit from National Minimum Wage rise to £6.50 The National Minimum Wage

 

From: blog

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Allocations

24.06.2014

Liberty Accounts provides a simple and efficient process by which you can manage associations between transactions. In this video we demonstrate how you can easily see and manage allocations including the de-allocation of an invoice to a customer payment and the simple correction.

 

From: bookkeeping-

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Quick keys and user functions

20.08.2014

Using Liberty Accounts and browser functions to speed up data entry and transaction identification. This video illustrates some of the features available, from both Liberty Accounts and your browser, helping to: minimise the data input required; speed up entry; allow for fast transaction identification on both value and description.

 

From: videos

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National Minimum Wage Increase