Delaying Your Tax Return

No Extension to Self-Assessment Tax Return Deadline

With the Self-Assessment Tax Return deadline remaining at 31st January 2021, over one million people planning to delay filing their tax returns will face having to pay fines and interest for late submission and payment. Stress due to the current pandemic is causing many people who file self-assessment tax returns … Continued

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Advice for business in Lockdown 3

News for Businesses in Lockdown 3

Following the worst imaginable start to the New Year we would like to update you on the latest Government support available to help businesses and individuals through the pandemic. New Lockdown Grants Announced The Chancellor has announced that Businesses in the retail, hospitality and leisure sectors are to receive a one-off … Continued

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Tax Deadline 2021

Struggling with the Tax Deadline?

The last day for submitting and arranging payment of your 2019-20 Tax Return is Sunday 31st January 2021. With everything that has happened this year, it’s understandable that many people are struggling to meet the deadline – Folkes Worton can help, taking the pressure off you to complete your return … Continued

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Think of turning electric? Folkes Worton looks at the benefits

Thinking of turning electric?

With the Government setting new and ambitious targets to reduce carbon emissions, giving the Motor Industry deadlines for ceasing production of fossil fuel and hybrid vehicles, as well as offering new incentives for vehicle owners to switch to all electric; is now the right time to convert to the all … Continued

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Protect Your Assets

Protect your assets in these challenging times

Challenging Times? Find out how to protect your property and liquid assets with Folkes Worton. These are challenging times and the uncertainties created by the current crisis may have made you concerned about your business’s or your own personal financial exposure. You may therefore be interested to learn, that at … Continued

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Lockdown II at Folkes Worton

Open and Working Safely

Folkes Worton LLP Chartered Accountants are OPEN in Lockdown II. We’re working safely and here to help. Call us on 01384 376 964 In these uncertain times, Folkes Worton will be remaining open to help support businesses through Lockdown II. Here’s a few things you might like to know about … Continued

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Bounce Back Loans

Bounce Back Loan Scheme

To help smaller Limited Companies, Partnerships and Sole Traders get through and recover from the current pandemic, the Government launched the ‘Bounce Back Loan Scheme’ for loans between £2,000 and a maximum of £50,000 over 6 years. There’s no set-up fees and the first 12 months is interest on capital … Continued

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Inheritance Tax on Wedding Gifts

Inheritance Tax on Wedding Gifts

The Institute of Chartered Accountants in England and Wales (ICAEW) has recently issued a reminder to anyone attending a wedding (or civil ceremony) and planning to give a cash gift on the tax position for the happy couple. The gift will be exempt from Inheritance Tax (IHT) once the gift … Continued

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HMRC Cracks Down on Income from Holiday Homes Abroad

The Government has stepped up investigations into tax avoidance on income from holiday homes abroad. Thousands of landlords could be caught out for not declaring income from these overseas properties. Data from a Freedom of Information request has shown that tax on income from overseas rental properties has jumped by … Continued

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