Solutions in Accounting

Solutions in Accounting We are a vibrant accountancy and business advisory practice, based in Witney, Oxfordshire. We have b

Please note our team will be working reduced hours over the festive period and our office will be closed from lunchtime ...
18/12/2025

Please note our team will be working reduced hours over the festive period and our office will be closed from lunchtime on 19th December to 4th January – reopening on the 5th January. We will endeavour to reply to any messages or calls during this period.

MTD for income tax will be with us for the tax year 2026/2027 which will mean quarterly digital online filings for certain clients. Initially affecting self employed and landlords with a turnover of £50,000 in 2024/25. Some of you already have been notified that you will be enrolled following submission of your self assessments for 2024/2025. We will need to review with you the extra compliance and services required.

The Government link below gives further information.

https://makingtaxdigital.campaign.gov.uk/?utm_source=bing&utm_medium=CPC&utm_campaign=mtd&utm_content=mtd&msclkid=7bb25f5f4e611e2ecde4361dd22d53fc&utm_term=MTD%20for%20Income%20Tax

Contact Us: https://solutionsinaccounting.co.uk/

Autumn Budget November 2025In the Autumn Budget delivered on 26 November 2025, Chancellor Rachel Reeves announced up to ...
28/11/2025

Autumn Budget November 2025

In the Autumn Budget delivered on 26 November 2025, Chancellor Rachel Reeves announced up to £26 billion in tax-raising measures, including a three-year extension of the Income Tax threshold freeze, alongside increases to taxes on property, dividends and savings. The Budget also introduced both employee and employer National Insurance contributions on salary-sacrifice pension contributions above £2,000 a year and brought in a new tax on homes valued at £2 million or more.

On spending, Ms Reeves took action to cut energy bills, freeze rail fares and end the two-child benefit cap.
Ms Reeves said: ‘I can tell you today that, for every family we are keeping our promise to get energy bills down and cut the cost of living with £150 taken off the average household energy bill from April.
‘Money off bills, and in the pockets of working people. That is my choice.’
Autumn Budget 2025 read full document:
https://solutionsinaccounting.co.uk/wp-content/uploads/2025/11/Autumn-Budget-Word-November-2025.pdf

The Spring Statement 2025Chancellor of the Exchequer, Rachel Reeves, held the Spring Statement on Wednesday 26 March 202...
28/03/2025

The Spring Statement 2025

Chancellor of the Exchequer, Rachel Reeves, held the Spring Statement on Wednesday 26 March 2025. In the run up to the event, the Chancellor stated that she ‘remains committed to one major fiscal event a year to give families and businesses stability and certainty on upcoming tax and spending changes and, in turn, to support the government’s growth mission’.

Read more:https://solutionsinaccounting.co.uk/wp-content/uploads/2025/03/Spring_Statement_25-1.pdf
Contact Us: https://solutionsinaccounting.co.uk/

Please remember the payment deadline for your 2023/2024 personal tax deadline has now passed and interest will be accrui...
17/02/2025

Please remember the payment deadline for your 2023/2024 personal tax deadline has now passed and interest will be accruing on any tax owed.

Also any tax owing for 2023/2024 will incur a 5% surcharge if not paid within 30 days of the deadline – see below for late payment penalties

Penalties are set as follows:
Late payment
Penalty
30 days late - 5% of tax outstanding at that date
6 months late - 5% of tax outstanding at that date
12 months late - 5% of tax outstanding at that date

The penalties do not apply to payments on account – although interest will be due.

If you are struggling to meet the tax due – you could apply online for a time to pay arrangement, to avoid penalties it is important this is in place before 1st March.

Please review the attached documenthttps://solutionsinaccounting.co.uk/wp-content/uploads/2025/02/Minimise-late-payment-penalties.pdf for more information on interest and penalties.

Read more:https://solutionsinaccounting.co.uk/wp-content/uploads/2025/02/Minimise-late-payment-penalties.pdf

Contact us: https://solutionsinaccounting.co.uk/
Tel: 01993 774502

Wishing you all the best for the holiday seasonPlease note our team will be working reduced hours over the festive perio...
11/12/2024

Wishing you all the best for the holiday season

Please note our team will be working reduced hours over the festive period and our office will be closed from 24th December to 2nd January.

Contact us: https://solutionsinaccounting.co.uk/

Address

Ground Floor, 2 Compton Way
Witney
OX283AB

Opening Hours

Monday 10:30am - 6pm
Tuesday 10:30am - 6pm
Wednesday 10:30am - 6pm
Thursday 10:30am - 6pm
Friday 10:45am - 5pm

Telephone

+441993774502

Website

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