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…
A month after his appointment as Chancellor of the Exchequer, The Rt Hon Rishi Sunak MP has delivered his first Budget. The key points are summarised on the BBC’s Politics pages at https://www.bbc.co.uk/news/uk-politics-51832634 If there is anything included in the Budget that you would like some further advice or support…
Matthew Morris, our Tax Partner, is running the Virgin Money London Marathon in April this year in tribute of his father’s brave battle with Polycystic Kidney Disease (PKD). Matthew’s father suffered from PKD from the age of 40 and unfortunately passed away when he was just 55 as he was…
Did you know… in the next decade there will be 821 Million more people in the world. That’s 12 times the population of the UK! How will your family grow? Did you know… in the next decade there will be 1.2 Million additional 80-year olds in the UK. That’s the…
HMRC have recently issued a warning about bogus phone calls or e-mails from people pretending to be from HMRC. These messages can claim that you are due a tax refund or rebate, demand immediate payment for an unpaid tax bill, inform you that HMRC are filing a lawsuit against you…
In his 2016 Budget the Chancellor announced that the capital allowances (CA) tax break for low emission company cars will continue, but subject to tougher limitations. How should you plan vehicle purchases to maximize tax relief? Capital allowances and cars If you buy a car which is used for work…
A hike in tax rates will affect dividends you receive on or after 6 April 2016. Working out how much the extra tax will-be is tricky enough, but when and how will you be expected to pay it? New tax rules – recap As a shareholder you’ll be aware by…