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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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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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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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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Christmas is the Time for Giving

With Christmas only a few weeks away, a traditional time for giving both in business and personally, we take a look at some of the tax rules that may affect you and the recipients of the gifts. Many were expecting the Chancellor to announce changes to Inheritance Tax (IHT) in … Continued

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Update on Corporation Tax Return CT600

The Government updates are coming through as thick and fast as Boris’s speech notes, so here’s some more guidance to help you with your Corporation Tax Return CT600. Report CJRS Furlough grants and overpayments on Corporation Tax Return CT600 The latest version of the CT600 Corporation Tax Return updated on … Continued

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Government Support Update – November 2021

I hope you are well and that your business is recovering from the effects of the pandemic. It still seems that the have a way to go to bring COVID-19 fully under control and that we may be moving towards more restrictions in the near future.With this in mind, I … Continued

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Autumn Budget 2021

On 27th October 2021, the Chancellor delivered his third Budget in conjunction with the Public Spending Review. National Living Wage Increased to £9.50 per hour An  increase in the hourly rate for the National Living Wage (NLW) which was greater than inflation for those aged 23 or over, to £9.50 … Continued

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