Not Happy, Yosemite killing my new iMac

I have a three month old 21" iMac with 1Gb and 8Gb DDR memory.
I updated to Yosemite several days ago and it's dreadful. Everything I do I get a spinning beachball
I've given it a few days to settle down but doing anything on it is frustrating. I've bought this for my business (with Parallels & 8.1) and it's sucking the life out of me.
I'm not too technical but I've found the activity monitor and it shows that pretty much all of the RAM is being used.
Surely 8Gb of ram is not enough these days? After spending £1,100 on a computer there's no way I'm buying more RAM....
Can anyone suggest what is killing my machine?
Thank you in advance

thanks, i've ran the eltrecheck and here are the results
Problem description:
Slow running OS
EtreCheck version: 2.0.6 (91)
Report generated 27 October 2014 11:50:24 GMT
Hardware Information: ℹ️
iMac (21.5-inch, Late 2013) (Verified)
iMac - model: iMac14,1
1 2.7 GHz Intel Core i5 CPU: 4-core
8 GB RAM Upgradeable
BANK 0/DIMM0
4 GB DDR3 1600 MHz ok
BANK 1/DIMM0
4 GB DDR3 1600 MHz ok
Bluetooth: Good - Handoff/Airdrop2 supported
Wireless: en1: 802.11 a/b/g/n/ac
Video Information: ℹ️
Intel Iris Pro -
iMac 1920 x 1080
System Software: ℹ️
OS X 10.10 (14A389) - Uptime: 2 days 4:32:21
Disk Information: ℹ️
APPLE HDD HTS541010A9E662 disk0 : (1 TB)
S.M.A.R.T. Status: Verified
EFI (disk0s1) <not mounted> : 210 MB
Macintosh HD (disk0s2) / [Startup]: 999.35 GB (778.22 GB free)
Recovery HD (disk0s3) <not mounted> [Recovery]: 650 MB
USB Information: ℹ️
Apple Inc. FaceTime HD Camera (Built-in)
Apple Inc. BRCM20702 Hub
Apple Inc. Bluetooth USB Host Controller
HP Photosmart C4500 series
MediaTek Inc MT1887
Thunderbolt Information: ℹ️
Apple Inc. thunderbolt_bus
Gatekeeper: ℹ️
Mac App Store and identified developers
Kernel Extensions: ℹ️
/Applications/Parallels Access.app
[loaded] com.parallels.virtualsound (1.0.27 27 - SDK 10.6) Support
/Applications/Parallels Desktop.app
[not loaded] com.parallels.kext.hypervisor (10.1.1 28614 - SDK 10.7) Support
[not loaded] com.parallels.kext.netbridge (10.1.1 28614 - SDK 10.7) Support
[not loaded] com.parallels.kext.usbconnect (10.1.1 28614 - SDK 10.7) Support
[not loaded] com.parallels.kext.vnic (10.1.1 28614 - SDK 10.7) Support
/System/Library/Extensions
[loaded] com.Cycling74.driver.Soundflower (1.5.2) Support
[not loaded] com.logmein.driver.LogMeInSoundDriver (1.0.0) Support
[not loaded] com.tomtom.driver.UsbEthernetGadget (1.0.0d1) Support
[loaded] ng.uds.netusb.controller (1.59) Support
Startup Items: ℹ️
HP IO: Path: /Library/StartupItems/HP IO
Startup items are obsolete and will not work in future versions of OS X
Launch Agents: ℹ️
[running] com.kodak.BonjourAgent.plist Support
[running] com.logmein.logmeingui.plist Support
[not loaded] com.logmein.logmeinguiagent.plist Support
[not loaded] com.logmein.logmeinguiagentatlogin.plist Support
[loaded] com.oracle.java.Java-Updater.plist Support
[running] com.parallels.mobile.prl_deskctl_agent.launchagent.plist Support
[invalid?] com.splashtop.streamer.SRServiceAgent.plist Support
[loaded] org.macosforge.xquartz.startx.plist Support
Launch Daemons: ℹ️
[loaded] com.adobe.fpsaud.plist Support
[not loaded] com.logmein.logmeinserver.plist Support
[loaded] com.microsoft.office.licensing.helper.plist Support
[loaded] com.oracle.java.Helper-Tool.plist Support
[running] com.parallels.mobile.dispatcher.launchdaemon.plist Support
[loaded] com.parallels.mobile.kextloader.launchdaemon.plist Support
[invalid?] com.splashtop.streamer.SRServiceDaemon.plist Support
[running] com.trusteer.rooks.rooksd.plist Support
[loaded] org.macosforge.xquartz.privileged_startx.plist Support
User Launch Agents: ℹ️
[loaded] com.facebook.videochat.[redacted].plist Support
[loaded] com.google.keystone.agent.plist Support
[loaded] com.kodak.KODAK AiO Firmware Updater.plist Support
[loaded] com.kodak.KODAK AiO Software Updater.plist Support
User Login Items: ℹ️
iTunesHelper UNKNOWN (missing value)
Safari ApplicationHidden (/Applications/Safari.app)
EvernoteHelper UNKNOWN (missing value)
Dropbox Application (/Applications/Dropbox.app)
Mail Application (/Applications/Mail.app)
HP Scheduler Application (/Library/Application Support/Hewlett-Packard/Software Update/HP Scheduler.app)
Internet Plug-ins: ℹ️
LogMeInSafari64: Version: 1.0.730 Support
Google Earth Web Plug-in: Version: 6.0 Support
Default Browser: Version: 600 - SDK 10.10
Flip4Mac WMV Plugin: Version: 2.4.1.4 Support
Silverlight: Version: 5.1.30514.0 - SDK 10.6 Support
FlashPlayer-10.6: Version: 15.0.0.189 - SDK 10.6 Support
LogMeIn: Version: 1.0.730 Support
Flash Player: Version: 15.0.0.189 - SDK 10.6 Support
QuickTime Plugin: Version: 7.7.3
LogMeInSafari32: Version: 1.0.730 Support
iPhotoPhotocast: Version: 7.0
GarminGpsControl: Version: 4.1.0.0 Release - SDK 10.7 Support
SharePointBrowserPlugin: Version: 14.4.4 - SDK 10.6 Support
JavaAppletPlugin: Version: Java 8 Update 25 Check version
User Internet Plug-ins: ℹ️
Picasa: Version: 1.0 Support
fbplugin_1_0_1: Version: (null) Support
fbplugin_1_0_3: Version: (null) Support
Safari Extensions: ℹ️
OpenIE
Facebook Photo Zoom
3rd Party Preference Panes: ℹ️
Flash Player Support
Flip4Mac WMV Support
Java Support
Rapport Support
Time Machine: ℹ️
Skip System Files: NO
Auto backup: YES
Destinations:
Mac Only [Local]
Total size: 400.10 GB
Total number of backups: 10
Oldest backup: 2014-08-11 09:07:27 +0000
Last backup: 2014-10-21 20:59:30 +0000
Size of backup disk: Excellent
Backup size 400.10 GB > (Disk size 0 B X 3)
Top Processes by CPU: ℹ️
      3% WindowServer
      0% fontd
      0% LogMeInGUI
      0% networkd
      0% Dropbox
Top Processes by Memory: ℹ️
283 MB Image Capture Extension
258 MB Finder
180 MB softwareupdated
180 MB Mail
137 MB mds_stores
Virtual Memory Information: ℹ️
2.34 GB Free RAM
4.26 GB Active RAM
1.02 GB Inactive RAM
974 MB Wired RAM
3.85 GB Page-ins
479 KB Page-outs

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