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Sole Traders and Landlords: MTD
From April 2026, Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) becomes mandatory for sole traders and landlords earning over £50,000.

Styles & Associates
Apr 242 min read


How Will Small Businesses in the UK Be Affected by US Trade Tariffs?
How will the US trade tariffs effect small business in the UK? Read our latest article.

Styles & Associates
Apr 105 min read


Government Announces Tax Reporting Threshold Increase for Side Hustles
The UK government announced plans last month to raise the Income Tax Self Assessment (ITSA) reporting threshold for trading income from £1,000 to £3,000.

Styles & Associates
Apr 103 min read


Spring Budget 2025 - Summary
On 26th March 2025 the Chancellor, Rachel Reeves delivered the Spring Statement. Read our summary.

Styles & Associates
Mar 272 min read


​HMRC Escalation Service
HM Revenue & Customs (HMRC) is launching a new escalation service to assist tax agents with persistent PAYE & Self-Assessment issues.

Styles & Associates
Mar 272 min read


UK Minimum Wage Set to Rise from April 2025
Effective April 1, 2025, the United Kingdom will implement increases to both the National Living Wage (NLW) and the National Minimum Wage (N

Styles & Associates
Mar 131 min read


Advisory Fuel Rates March 2025
As of March 2025, HMRC has updated its advisory fuel rates (AFRs) for company car users.

Styles & Associates
Feb 271 min read


State Pension Top-Up Before April 2025
Limited-time opportunity to top up missing contributions before April 5, 2025.

Styles & Associates
Feb 273 min read


Bank Rate Reduced To 4.5% – February 2025
At its meeting on 5th Feb 2025, the Monetary Policy Committee voted to reduce the Bank Rate by 0.25 percentage points to 4.5%

Styles & Associates
Feb 131 min read


Small Employers Relief increased to 8.5%
HM Revenue and Customs (HMRC) informed payroll software developers of an increase in NICs Comp for child-related statutory payments.

Styles & Associates
Feb 131 min read


Is it cheaper to have a company car or van?
Is it cheaper to have a company car or van? A guide for the self employed.

Styles & Associates
Feb 136 min read


ONS Reports Drop In Inflation For December 2024
This week, the Office for National Statistics (ONS) reported a decline in UK inflation to 2.5%, a decrease of 0.1% from the previous month.

Styles & Associates
Jan 162 min read


How Will the National Insurance Increase Affect Employers?
Employer strategies for the National Insurance Increase April 2025

Styles & Associates
Jan 163 min read


Business Rate Cut For High Street From 2026
The government outlined plans to permanently reduce business rates for retail, hospitality, and leisure properties starting in 2026.

Styles & Associates
Dec 19, 20241 min read


Spreading Joy This Holiday Season
This year, the teams at Mascolo & Styles and Styles & Associates came together to support a cause close to our hearts. We proudly donated...

Styles & Associates
Dec 19, 20241 min read


Christmas Bauble Competition 2024 - The Winners!
We’ve been blown away by the creativity in this year’s bauble competition. Here are our winners!

Styles & Associates
Nov 24, 20241 min read


Continuous Professional Development at Styles & Associates
This week, Brittany has been diving into some sessions at the Accountex Virtual Summit—a testament to her commitment to CPD.

Styles & Associates
Nov 21, 20241 min read


UK inflation rate rose to 2.3% in October 2024
The UK inflation rate rose to 2.3% in October 2024, up from 1.7% in September, according to the Office for National Statistics (ONS).

Styles & Associates
Nov 21, 20242 min read


Interest Rate Reduced to 4.75%
At its meeting on November 6th 2024, the MPC voted 8–1 to lower the Bank Rate by 0.25 percentage points to 4.75%.

Styles & Associates
Nov 8, 20241 min read


Autumn Budget 2024: Key Points
Key points of the Autumn Budget 2024 and how they affect you.

Styles & Associates
Oct 31, 20243 min read