The impact of Capital Gains Tax in estate planning
Capital Gains Tax (CGT) is one of those terms that often elicits a groan from private clients, but understanding its intricacies can be incredibly beneficial…
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.
What’s on the horizon for taxation?
Businesses are holding their breath as the upcoming Autumn Statement threatens to change the tax landscape of the UK. Chancellor of the Exchequer, Jeremy Hunt,…
Continue readingAlmost 50 per cent of businesses forget vital R&D forms
Research and development (R&D) tax relief claims are a vital way to offset your business costs against profits and promote technological innovation and advances. However,…
Continue readingCould you enjoy a slice of the £1.6bn creative industry tax reliefs?
If your company is involved in the creative industry, then it could be eligible for significant tax relief from the Government. These tax reliefs support…
Continue readingCapital Gains Tax for SMEs – Recent trends and compliance
Collections of Capital Gains Tax (CGT) reached a record £16.7 billion in the last tax year, a notable increase from the preceding year's £14.3 billion.…
Continue readingHave you claimed the working from home tax relief?
The eligibility criteria for the Government’s work from home tax relief was relaxed during the pandemic, as restrictions prevented many people from physically going to…
Continue readingNational Insurance thresholds are changing – Are you ready?
From 6 July 2022, the Primary Threshold (PT) for National insurance will increase to £12,570. This is the threshold at which employees begin paying National…
Continue readingHomes price boom sparks a big rise in Inheritance Tax receipts – What can you do to save tax?
Campaigners are angry over the fact that more and more people will be drawn into paying Inheritance Tax (IHT), after a big rise in receipts.…
Continue readingCryptoassets and Capital Gains Tax: what you need to know
Traders who have sold or exchanged cryptocurrency may be required to pay Capital Gains Tax (CGT), HM Revenue & Customs (HMRC) has warned. It comes…
Continue readingBeware of rising house prices increasing Inheritance Tax liability
While rising property values may seem like good news, as prices go through the roof it could land you with a hefty Inheritance Tax (IHT)…
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