DCI – Meet the Mentors
We’re delighted to be part of the Durham City…
Calculating Minimum Wage
Jessica Crowe on 8th March 2018
For example using £7.50 per hour x 52 weeks/12 months to calculate a monthly wage is actually underpaying someone.
Instead, you should multiply by 52.1428 weeks as there are 52 weeks and 1 day in a year.
It may seem odd but it is technically correct – Debenhams were recently named and shamed for underpaying employees! Of course, if we complete your payroll, we will sense check this for you. Contact your Client Account Manager if you are concerned.
Related Posts
Beers & Ideas: Investment Readiness
Join Blu Sky, ADV and Northstar Ventures…
Do’s and Don’ts of Investment Readiness
During this blog, we’ll blast through some top tips on how to…
ICAEW Chartered Accountant
Xero Platinum Partner
ReceiptBank Gold Partner