AI in tax investigations – What does it mean for you?
Artificial intelligence (AI) is undoubtedly a major trend in accountancy and tax, with many firms, business clients and Government agencies recognising its benefits and adopting…
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.
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…
Continue readingThe rise of the higher rate taxpayer
The 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 readingReviewing your payroll? Check what’s changed
With the new tax year underway, it’s time to review your payroll to ensure that it reflects the latest changes and updates to legislation around…
Continue readingWhat are the benefits of using the HMRC app?
The HM Revenue & Customs (HMRC) app was launched in 2023 and has quickly become a key tool for many, with over 80 million interactions.…
Continue readingDue a tax rebate? Keep an eye on your account
In a new initiative designed to reduce paper use and unnecessary confusion, HM Revenue & Customs (HMRC) has announced a significant change to the way…
Continue readingPlan a little, achieve a lot – Destress with effective tax planning
April marks both the start of the 2024/25 tax year and Stress Awareness Month – a coincidence not lost on those of you who are…
Continue readingIs your partnership tax-efficient?
Tax efficiency is one of the major deciding factors between different types of companies, particularly for growing businesses which need to minimise costs. (more…)
Continue readingMaking the most of pension contributions for tax purposes
Are you ready for the end of the 2023/24 tax year? (more…)
Continue readingGovernment Gateway to be replaced with single login system
In a bid to simplify the way in which taxpayers and agents use online services, the Government is rolling out plans to replace Government Gateway…
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