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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,…
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…
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…
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…
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…
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…
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…
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…
The online claim service for the Coronavirus Job Retention Scheme will be live from Monday 20th April 2020 (please do not try to access it before this date). In the scheme to Furlough Employees, HMRC will reimburse 80% of employee costs up to a cap of £2,500 per month. At…
...and Folkes Worton can advise you on how to access the right help for your business Coronavirus business interruption loan scheme This is designed to support businesses to access bank lending and overdrafts. The government will provide lenders with a guarantee of 80% on each loan to give lenders further…