The COVID-19 effect on remote working
Will COVID-19 accelerate remote working practices? The Coronavirus lockdown has forced business to adopt remote working across the board. Will employees want to continue working from home post COVID-19? In the past 10 years or so, the number of people working remotely has increased significantly. Major contributors to this shift … Continued
Inheritance Tax Refunds on the Rise
With the stock market crash in February and March this year, the number of people claiming refunds on Inheritance Tax due to falling share prices has more than doubled in the last two years. Inheritance Tax is calculated on the value of an estate at the time of death. However, … Continued
What an employee can claim for when working from home?
Employees working from home can qualify for tax relief, Folkes Worton can help identify which expenses are allowable. If you work from home on a regular basis you can claim a tax relief, this is only if you are being told to work from home not if you are choosing … Continued
What can Directors working from home claim for?
Dedicated workspaces at home could become the new norm for Directors of your business. Folkes Worton can help you by identifying what can and can’t be claimed for. If you put an office in at home or an extension on the property which Is being used as an office then … Continued
Additional Fund from Government
Have you fallen into the category where you couldn’t claim for any support and you are a small business?The Government’s new additional funds may be able to help you. The Government is providing a very small additional fund to help support businesses that are not eligible for small business grants … Continued
Company cars after lockdown
Company cars after lockdown – are your staff paying tax on cars they’re not using? Company car users still suffer a benefit in kind tax charge.To pause this benefit in kind tax the car must not have been available for the last 30 day period.A company car is still classed … Continued
What happens after furlough ends?
As Government support changes with the easing of restrictions in the current crisis, planning for the future has never been more important: Continue the furlough with no Government support: Work within lay-off laws, but pay your workers a fraction of their wage to stay at home if they are still … Continued
Keeping the wheels turning
The Government is putting measures in place to help businesses deal with the current situation. At Folkes Worton we will be keeping up-to-date with these plans and will help businesses with advice and access to this help wherever possible. Support for businesses who are paying sick pay to employees: The … Continued
Still not received a grant from your Local Authority? We can help…
Businesses that claim Small Business Rate Relief and businesses in the Retail, Leisure and Hospitality Sector who have a property with a rateable value between £15,000 and £51,000, are eligible for grants from their Local Authority to help with the lockdown. If you have not received your grant yet, or … Continued