We begin Advent with our December Tax Update. In this edition we take a look at Inheritance Tax on two fronts, State Pension entitlement, paying employees early before Christmas, employee Christmas gifts and parties, fuel rates for company cars and upcoming dates on the accounting horizon. FARMERS CAMPAIGNING FOR AGRICULTURAL…
If you have employees, it is important to note the significant changes that have been made in the Autumn Budget to both the National Minimum Wage and Employers’ National Insurance Contributions. These changes will mean increased costs for many employers from April 2025. In this Insight we take a look…
It’s Friday 15th November, so hopefully it’s safe to start talking about the build-up to Christmas! From Monday 2nd December, we’ll be starting our Advent prize giveaway for our followers on Linked In. Every working day throughout Advent, there will be a prize sent to one follower of our Linked…
Are you an animal breeder? If so, it’s important to be aware of HMRC’s recent outreach to individuals who may have underpaid tax on income from breeding or selling animals, including dogs and cats. HMRC’s Letter Campaign HMRC is sending letters to individuals they believe may have failed to declare…
Britain’s first female Chancellor, Rachel Reeves, delivered her maiden budget speech on Wednesday 30th October 2024, marking Labour’s first fiscal announcement in 14 years. In a wide-ranging address focused on economic growth and budgetary responsibility, she unveiled several major tax changes and a new approach to government borrowing. Key changes…
This November, male members of the Folkes Worton team will be taking part in Movember to help raise funds for Prostate Cancer UK. There is a JustGiving page CLICK HERE TO VISIT THE PAGE – all donations will be gratefully received and go directly to Prostate Cancer UK. From Friday…
£63 billion in new UK investments set to create 38,000 jobs At the International Investment Summit, the UK government announced nearly £63 billion in new investments, which are expected to create 38,000 jobs. These investments, which span various sectors, are projected to fuel growth across the country. While these investments…
The Office for National Statistics (ONS) have reported that their measure for inflation (Consumer Prices Index) fell to 1.7% for September. This is an unexpected reduction and is the lowest inflation has been in more than three years. Drops in airfares and petrol were the main reasons for the reduction.…
SAVE THE DATE for The John Buckley Memorial Golf Day! On Friday 20th June 2025, Folkes Worton will be hosting a charity golf day at Blackwell Golf Club in memory of our colleague, John Buckley, who sadly passed away with MND. All proceeds from the Golf Day will be donated…
If you’re a new parent, congratulations! Apparently, around 2,000 babies are born on 26 September each year – more than any other day. Therefore, HM Revenue and Customs (HMRC) is reminding parents to claim their Child Benefit. A claim can be made online and the first payment could be received…