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 tips for managing maternity and paternity pay for small businesses

As experts in the field of accountancy, we understand the unique challenges business owners face when it comes to payroll. We've put together three essential…

How to save £2,000 in taxes on your childcare costs

A Government scheme could help parents save up to £2,000 on their childcare costs through tax reliefs aimed at working parents. (more…)

Best practices for business and personal finances

Mixing personal and business finances is a common mistake that many entrepreneurs, freelancers, and small business owners make. (more…)

Cash flow vs profits: a guide for small business owners

As a small business owner, you've likely heard the terms "cash flow" and "profits" used interchangeably. However, mixing these financial metrics up can cause severe…

Three things to consider when forecasting your finances as a small business owner

Forecasting is the act of looking at past and present financial data to predict future costs, expenses, and profits. Small businesses do this to tailor…

Navigating estate planning and Inheritance Tax: what you need to know

HM Revenue & Customs (HMRC) recently announced that Inheritance Tax (IHT) receipts were up by £200 million between April to July 2023, making this a…

Self-Assessment benefits for small businesses

As a small business owner, you are probably familiar with the term ‘Self-Assessment’. While many entrepreneurs link Self-Assessment primarily with the yearly tax ritual, it…

The role of cloud accounting in modern businesses

In today's digital age, the way businesses manage their finances has seen a seismic shift, largely due to the introduction and growing popularity of cloud…

Understanding Director’s Loan Account (DLA) and the risks involved

Directors might opt to either lend money to or borrow from their own company. This type of transaction is called a director's loans, and they…

What tax implications can come with depreciation?

For business owners, understanding depreciation is not just about accounting practices but also about handling their taxes efficiently. (more…)

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