Monthly Archives: May 2019

April brought a rise in National Living Wage rates and Workplace (auto-enrolment) pension contributions. The biggest ever increase to National Living Wage has come into effect. Meaning that the 1.8 million workers in the UK that are earning the National Living Wage will receive an extra £690 per year. The increase which came into effect on the 1st April 2019 is the largest since the National Living Wage was first introduced in 2015. 2.1 million workers will benefit from the 4.9% increase which takes them from £7.83 to £8.21 per hour. This also means that full-time workers now earn £2,750 […]

Thinking of starting a new business?

Here at KA Farr & Co we are passionate about ensuring every new business succeeds which is why we have put together our top tips for success. Why do new businesses fail? According to Bloomberg, 8 out of 10 new businesses fail within the first 12 months. A whopping 80% crash and burn. Here are the main reasons why: Lack of planning The first steps in setting up a new business are crucial and will give your business the best start, and a firm foundation on which to grow. Businesses fail because of the lack of short-term and long-term planning. […]