I’ve taken over the family business and our accounting needs modernising – how do I achieve this?
Taking the helm of the family business is an exciting time and an opportunity for you to put your stamp on its operations and future…
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.
Director’s loans – A missed tax planning opportunity?
Understanding Director’s Loans A director’s loan is a way to take money from your company without using salaries, dividends, or expenses. It’s a popular method…
Continue readingEarning between £100,000 and £150,000? Your tax return is changing
If you’re a high earner with between £100,000 and £150,000 in net adjusted income, you’ll soon receive a letter from HM Revenue & Customs (HMRC)…
Continue readingHow can you leverage automation in your accounting process?
Most businesses are already using cloud accounting software to manage their finances. However, not all of them are taking full advantage of automated processes to…
Continue readingPaper VAT registration to be abolished in latest digital move
In the latest move in their Making Tax Digital (MTD) campaign, HM Revenue & Customs (HMRC) is removing paper VAT registration from 13 November 2023.…
Continue readingThree steps to simplify your accounting
Accounting doesn't have to be a time-consuming and complicated task. (more…)
Continue readingIs cloud accounting the future for businesses?
In the world of entrepreneurship and small businesses, technology continues to revolutionise the way we manage our operations. (more…)
Continue readingThe importance for businesses of avoiding tax fraud
HM Revenue & Customs (HMRC) recently announced that it plans to boost its use of Code of Practice 9 (COP9), a legal mechanism used to…
Continue reading10 Common Accounting Terms, Explained
Having general accounting knowledge is crucial for any business owner, especially during tax season. Understanding common accounting terms is highly beneficial, as you will identify…
Continue readingAccountants critical to the success of SMEs
Small and medium-sized enterprises (SMEs) are the lifeblood of the country, accounting for 99.9 per cent of all businesses across the UK. At the start…
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