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Styles & Associates
Jan 19, 20232 min read
Self Assessment - Allowable Expenses
If you are self employed and receive any income though dividends, shares or savings you have to submit a self assessment tax return. Self...
Styles & Associates
Oct 23, 20221 min read
Self Assessment deadline
HMRC have issued a reminder to taxpayers that the self assessment deadline is approaching. Self Assessment taxpayers have until 31...
Styles & Associates
Oct 13, 20221 min read
HMRC raises late payment interest from 11 October 2022
Following the Monetary Policy Committee decision to increase the Bank of England base rate to 2.25%, HMRC announced increases to both...
Styles & Associates
Oct 13, 20222 min read
UK SMEs struggling to manage digital services
This month the British Chambers of Commerce (BCC) reported that 37% of small and medium enterprises (SMEs) believe they lack capacity to...
Styles & Associates
Sep 26, 20222 min read
Sept 2022 Mini Budget
On Friday Chancellor Kwasi Kwarteng unveiled a "mini-Budget" where he reduced national insurance, income tax and stamp duty. The...
Styles & Associates
Aug 31, 20222 min read
HMRC releases details MTD for Income Tax
HMRC has published more details on how Making Tax Digital for Income Tax (MTD for IT) will work for buy-to-let landlords and sole traders...
Styles & Associates
Jul 7, 20222 min read
MTD for income tax pilot extended
The pilot for Making Tax Digital for Income Tax Self Assessment (MTD ITSA) is being extended by HMRC to more self-employed workers and...
Styles & Associates
Mar 24, 20222 min read
Spring Statement 2022
Chancellor announces tax cuts With cost of living prices rising 6.2% in the 12 months to February 2022 chancellor Rishi Sunak delivered a...
Styles & Associates
Feb 7, 20222 min read
Help To Grow: Up To £5,000 Discount On Accounting Software
The government's Help to Grow: Digital scheme – designed to support smaller businesses in adopting digital technologies – is now open for...
Styles & Associates
Aug 17, 20211 min read
Partners and sole traders in UK face bigger tax bills in 2022
The Institute of Chartered Accountants in England and Wales (ICAEW) has predicted that almost 250,000 partners and 280,000 sole traders...