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.

Three key reasons to submit your tax return early

We often find that clients begin to show signs of stress when the Self-Assessment tax return deadline approaches. This anxiety can be alleviated by starting…

Earning 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)…

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…

The 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…

Due 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…

New tax year – New tax rules

With the start of the new tax year, taxpayers can expect significant changes that will directly impact their finances in the next tax year (2024/25).…

Is 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…)

Spring Budget 2024

Spring Budget Summary 2024 The latest Budget was an important speech for the Chancellor, Jeremy Hunt, and his Government, as he laid out key measures…

Government 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…

HMRC U-turns on its double cab pickups tax decision

HMRC surprised all taxpayers who own a double cab pickup as a company vehicle on 12 February by announcing that these vehicles would be classified…