Over the last three to four months, the Government has implemented vast emergency measures, handing out millions of pounds to support businesses and individuals through the COVID-19 crisis. However, there are some categories that have been overlooked so far. These include recently employed workers who had not made it onto…
As we move towards the new normal for business, HMRC is starting investigations into the use, or more accurately, misuse of Government support under lockdown. It is reported that tax inspectors are being asked to put personal and business tax submissions under greater scrutiny. They will be looking into VAT…
Employment is an issue which is becoming more and more important to a lot of clients as we start to come out of lockdown. We have found working with The People Factor very useful and recommend them for a wide range of HR issues. Here is a message from them:…
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…
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…