M Reynolds & Co. Accountants

Winter Fuel Payments - Reminder❗

If your total income is over £35,000, any Winter Fuel Payment you receive will be recovered by HMRC.
HMRC will recover your Winter Fuel Payment either by:
• adjusting your tax code; or
• by including a Winter Fuel Payment charge through your self assessment tax return
If you would prefer not to receive this payment, you can opt out of the 2026/27 payment by:
✅Contacting the Winter Fuel Payment Centre on 0800 731 0160
✅Completing the opt out form
✅Using the Manage your State Pension service
Opt out deadlines for 2026/27 are as follows:
• telephone - 18 September 2026
• online - 20 September 2026
If you're unsure whether your income will exceed the £35,000 threshold, check before deciding whether to opt out.
For more information, contact us:
📞 07833 141978
📧 [email protected]

As we move into September, there are now just five months until the 2025/26 Self Assessment filing deadline of 31 January 2027.

Filing your tax return early can give you peace of mind, let you know any tax due well in advance of the deadline, give you more time to budget for the payment and avoid the last minute rush to gather the information and supporting documentation needed. If a repayment is due, you may also receive it sooner.

Getting organised now means one less thing to worry about in the months ahead.

If you haven't yet started gathering your information, get in touch today. We would be pleased to help you prepare and submit your return well before the deadline.

Contact us:
📧 [email protected]
📞 07833 141978

Our office will be closed on Monday for the August Bank Holiday. We hope you have a lovely long weekend!

Winter Fuel Payments

If your total income is over £35,000, any Winter Fuel Payment you receive will be recovered by HMRC.

HMRC will recover your Winter Fuel Payment either by:
• adjusting your tax code; or
• by including a Winter Fuel Payment charge through your self assessment tax return

If you would prefer not to receive this payment, you can opt out of the 2026/27 payment by:

✅Contacting the Winter Fuel Payment Centre on 0800 731 0160
✅Completing the opt out form
✅Using the Manage your State Pension service

Opt out deadlines for 2026/27 are as follows:

• telephone - 18 September 2026
• online - 20 September 2026

If you're unsure whether your income will exceed the £35,000 threshold, check before deciding whether to opt out.

For more information, contact us:
📞 07833 141978
📧 [email protected]

A quick reminder that today's the deadline for your self assessment 2nd payment on account for 2025/26. Make sure your payment reaches HMRC on time.

🔧Running a plumbing business often means early starts, long days and dealing with the unexpected. The last thing you want is to spend your evenings catching up on paperwork.

We help plumbers stay on top of their bookkeeping, accounts and tax, giving you a clearer picture of your finances and more time to focus on your customers.

Whether you're a sole trader or limited company, we're here to provide straightforward, reliable support.

Get in touch to find out how we can help.

📧[email protected]
📞07833 141978

⏰Reminder - one week to go!

If you are required to make self assessment payments on account, the 2nd payment is due by Friday 31 July 2026.

If you miss the deadline late payment interest could be charged on the outstanding amount.

Contact us
📧[email protected] 📞 07833 141978

🚨 Less than 3 weeks to go!

The first MTD for Income Tax quarterly update deadline is fast approaching.

If you've been putting it off, hoping it will somehow sort itself out, you're not alone.

Now is a good time to make sure your records are up to date and your quarterly update is ready to submit.

Need help with:
✅Software setup
✅Record keeping
✅Quarterly submissions

We're here to help, contact us at
📧[email protected] or 📞07833 141978

Already submitted your update? Let us know in the comments how you found the process.

What a gorgeous day to head into Tenby for the first Business Breakfast Club held at GTBAL Upper Frog Street.
It was a great opportunity to meet local business owners and chat with those just starting out on their business journey. Plenty of good conversations and new connections.
Looking forward to the next one! ☕