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Bank of England Cuts Interest Rate to 4%
Earlier this month, the Bank of England's Monetary Policy Committee (MPC) voted to reduce the Bank Rate by 0.25 percentage points to 4%, the lowest level since March 2023.

Styles & Associates
Aug 141 min read


Self Assessment July 31st Payment on Account Deadline
If you're registered for Self Assessment, the July 31, 2025 deadline for your second payment on account is today.

Styles & Associates
Jul 312 min read


Consumer price inflation, UK: June 2025
This week the ONS reported that inflation rose in June; standard CPI increased to 3.6% from 3.4%

Styles & Associates
Jul 172 min read


Consumer Price Inflation – May 2025 (ONS Overview)
At the end of last month the ONS (Office For National Statistics) reported that inflation Consumer Prices Index (CPI) slowed from 3.5% to 3.4% year-on-year, with a modest 0.2% monthly rise.

Styles & Associates
Jul 31 min read


Making Tax Digital for Income Tax: What You Need to Know
Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is fast approaching. Are you ready?

Styles & Associates
Jul 35 min read


Bank of England keeps interest rate at 4.25% - June 2025
On June 19, 2025, the Bank of England’s Monetary Policy Committee (MPC) announced that it will maintain the bank rate at 4.25%, voted by majority.

Styles & Associates
Jun 191 min read


7 Ways Small Businesses Can Improve Online Security on a Budget
7 Ways Small Businesses Can Improve Online Security on a Budget - You don’t need to be a tech expert or spend a fortune to protect your business.

Styles & Associates
Jun 53 min read


Highlights from Accountex London 2025
Last week, Brittany and Ella from the Styles & Associates team, had the opportunity to attend Accountex in London

Styles & Associates
May 221 min read


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