Missing Out on Help with Childcare Costs?

The Government is concerned about the lack of take up of tax-free childcare accounts, with HMRC estimating that only about 25% of families eligible for the scheme have joined.  With many parents returning to work following the pandemic, they should be encouraged to set up a tax-free childcare account to … Continued

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The Spring 2022 Statement – The Key Points

With inflation rising and households facing the largest ever recorded cost-of-living squeeze, Chancellor Rishi Sunak delivered the Government’s Spring Statement 2022 on Wednesday 23rd March. Take a look at the key points and as we near the start of the new tax year, please talk to us about any of the changes and how they may affect your business, we are here to support you on 01384 376964.

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Are you ready for Making Tax Digital for VAT?

Are you ready for Making Tax Digital for VAT on 1st April 2022, when keeping digital records and filing VAT returns using compatible software becomes mandatory. Folkes Worton are here to help you with the transition on 01384 376964

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Please Mr. Taxman, can we have more time?!

The current explosion in cases of the Omicron variant of Coronavirus and uncertainty about what effect this will have on staff levels in the New Year, has prompted many in the business community to ask HMRC for an extension to the 31st January deadline for the 2020-21 tax return. Earlier … Continued

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Holiday homes registered for business rates will now have to meet HMRC's qualifying criteria in a new clampdown...

Clampdown on Holiday Home Rates Relief

From April 2023 a holiday home will only be liable for business rates and potentially qualify for Small Business Rates Relief (SBRR) and that it is actually let as holiday accommodation for a minimum number of days. Homeowners need to have evidence of this starting from April 2022.

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Inheritance Tax on Wedding Gifts

Inheritance Tax on Wedding Gifts

In today’s ‘Insight’ Blog we take a look at Inheritance Tax on Wedding Gifts. Have you thought about giving a cash gift to someone close on the day of their wedding or civil partnership? This could not only be a generous gift, but can also be tax efficient for you.  … Continued

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Beware of fraudsters seeking to attack personal tax accounts

Beware of fraudsters seeking to attack personal tax accounts

Beware of fraudsters seeking to attack personal tax accounts HMRC is warning individuals not to share their personal information online to avoid their identities being used to claim bogus Self-Assessment tax refunds… Folkes Worton #AccountingForTheFuture #HMRC #selfassessment #taxrefund #fraudsters #phishing

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Welcome to Folkes Worton

If you’ve visited the Folkes Worton offices recently and spent any time in our Reception area, you may have noticed the big TV screen with our welcome presentation.

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How important is Cash Flow to your Business?

In the current economic climate CASH IS KING and managing your cash flow is more important than ever. If you are concerned about the future of your business, then take some time to reflect on where you are and what could happen in the next few months. It is now … Continued

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Government Support Update – January 2022

Statutory Sick Pay Rebate scheme (SSPRS) The Government is reintroducing the Statutory Sick Pay Rebate Scheme (SSPRS). This will be a temporary scheme to support employers facing heightened levels of sickness absence due to COVID-19. The SSPRS will refund small and medium-sized employers’ COVID-related SSP costs for up to two … Continued

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Church Street Closed for Three Days

Church Street will be temporarily closed to traffic from Tuesday 8th until Thursday 20th January 2022 Access to the Folkes Worton offices from the Stourbridge ring road will be temporarily disrupted as Church Street (between St. John’s Road and Parkfield Road) will be CLOSED for underground works from Tuesday 18th … Continued

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