IR35: Businesses are still not prepared for off-payroll working rules
According to a recent study, many UK firms are not adequately prepared for the off-payroll tax rule changes for the private sector to start in…
Continue readingWelcome 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.
UK economy shrinks less than first feared after second national lockdown, economists reveal
The UK economy shrunk less than first feared during the second national lockdown, a major report has revealed. (more…)
Continue readingVAT – Post-Brexit arrangements
The latest guidance on VAT on imports and services to and from the EU is complex and businesses need to account for this in their…
Continue readingFSB proposes move to turn Covid emergency debt into shared ownership schemes
The Federation of Small Businesses (FSB) is calling on the Government to introduce new measures to help companies struggling with COVID-related debt, including employee shared…
Continue readingHMRC issues new warning over lockdown fraudsters
Within hours of the Prime Minister announcing a new national lockdown in England, HM Revenue & Customs (HMRC) has issued new warnings after it received…
Continue readingCould the Government be about to launch a new permanent state-backed small business loan scheme?
According to reports in the Financial Times, the Government is considering launching a new loan scheme, where businesses could borrow anything up to £10 million…
Continue readingIndependent commission argues against annual wealth tax but advocates a one-off charge
An independent commission established last spring by the London School of Economics, the University of Warwick and the Economic and Social Research Council to analyse…
Continue readingHM Revenue & Customs increases the threshold for Self-Assessment online payment plan service to £30,000
HM Revenue & Customs (HMRC) has increased the threshold for Self-Assessment taxpayers to use its online self-service Time to Pay payment plan service from £10,000…
Continue readingSelf Assessment: thousands spread tax liabilities in response to coronavirus disruption
Thousands of self-employed workers have taken advantage of the Government’s extended Time to Pay scheme ahead of the 31 January Self Assessment deadline, a new…
Continue readingCJRS: Main changes to the extended scheme
Towards the end of 2020, the Chancellor announced the furlough scheme’s extension until 30 April 2021, which will continue to contribute 80 per cent towards…
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