Furnished residential lets vs Furnished Holiday Lets – The tax situation
If you’ve invested in a property to let and furnished it, you will be liable to pay tax on the income you receive from letting…
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Welcome to the Orchard Accountants blog. This is our hub of information where we will detail company developments as well as provide news and insight into the ever-changing world of finances and accounting. If you read something which strikes to your interest, and you’d like to learn more about a particular topic or service we provide, don’t hesitate to get in touch with us today.
If you’ve invested in a property to let and furnished it, you will be liable to pay tax on the income you receive from letting…
Continue readingThe Department for Science, Innovation and Technology (DSIT) has recently introduced a vital initiative targeted at small and medium-sized enterprises (SMEs) in the Professional Business…
Continue readingThe start of the 2024/25 financial year saw the Capital Gains Tax (CGT) Annual Exempt Amount fall to a historic low of £3,000, down from…
Continue readingHM Revenue & Customs (HMRC) has issued a warning to businesses over fraudulent attempts to access VAT repayments via postal form VAT484. (more…)
Continue readingScaling your start-up is a crucial decision for business owners, as it can directly impact the business's long-term success. (more…)
Continue readingOne of the main ways that the Government encourages the use and commercialisation of innovative intellectual property is through tax relief. (more…)
Continue readingThe Government continues to freeze both the personal allowance and the higher-rate income tax thresholds – leading to an increase in the number of higher-rate…
Continue readingChild benefit supports parents or guardians of children under 16, or under 20 if in approved education, by contributing towards the costs of raising them.…
Continue readingWith the 6 July deadline nearing, it is essential to understand the updated reporting requirements for Class 1 National Insurance Contributions (NICs) on benefits in…
Continue readingIn its latest research into the UK’s SME economy, NatWest Group has identified an encouraging trend among the country’s independent operators, as SME growth continues…
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