blog | Mystyle Finance

The Mystyle Finance blog.

Welcome to the Mystyle Finance blog, your go-to resource for accountancy support.

We know that running your own business can be an exciting adventure, but it also raises plenty of questions, especially when it comes to finances.

Whether VAT thresholds have got your head spinning, you’re wondering which expenses you can claim for, or you’ve just gone freelance and have no idea where to start with handling your books, our blog has tips and resources to help you feel more confident with your numbers.

Here, you’ll find tax planning advice, business formation support, and information on the latest HMRC updates.

If you can’t find the answers you need, please don’t hesitate to get in touch. Our small business accountants are here to help put your mind at ease, and if you have a topic you’d like some in-depth advice on, let us know and we’ll see if we can get a blog article on the go to cover it. From payroll to student loan repayments, we’re happy to help.

Switching off without guilt as a business owner.

For many business owners, Christmas doesn’t arrive with a neat pause button. The emails might slow down, but the mental to do list often doesn’t. There is usually something left to finish, reply to, plan or prepare for January. That can make switching off feel harder than it should. Instead of rest, the end of the year can come with quiet pressure to wrap everything up properly before you are allowed to relax. This year, we've been thinking a lot about that feeling. Why it ca

Autumn Budget 2025 - everything you need to know

Earlier today, Chancellor Rachel Reeves delivered the Autumn Budget, outlining a number of tax and financial changes over the next few years. We have summarised the key points below to help you understand what is changing and when... Personal tax thresholds The freeze on personal income tax thresholds has been extended for a further three years. Thresholds will remain fixed until the start of the 2030/31 tax year. The thresholds are... • Basic rate threshold - £0 to £50,270 •

Why we don't outsource client work abroad - and why it matters

Outsourcing is becoming incredibly common in accounting. Many firms now send bookkeeping and tax prep work overseas to save money or deal with staff shortages. At Mystyle, we’ve made a clear choice - we never do this. Every client’s work stays in-house, handled by our UK-based team. Why do firms outsource abroad? Rising costs, busy seasons, and staff shortages push firms to look for cheaper labour. Offshore accounting teams often charge a fraction of what a UK accountant earn

Autumn Budget 2025: Are VAT changes on the horizon?

As the Autumn Budget approaches, there’s growing talk that the government may look to VAT to raise extra revenue. For small businesses and entrepreneurs, any adjustment to VAT rules or thresholds could have a direct impact on pricing, cash flow, and compliance. Here’s what might be coming, and how to prepare. What might change A few possibilities are being discussed ahead of the Budget: Reducing or removing reduced rates on items currently taxed at 0% or 5%, such as food, dom

What does a small business accountant actually do?

Running a small business often means juggling everything yourself - sales, admin, invoices, and tax. But when it comes to your finances, having professional support makes all the difference. That’s where a small business accountant comes in. Many business owners think an accountant just files tax returns, but that’s only one part of what they do. A good accountant is a financial partner who helps you save time, stay compliant, and make confident decisions about your money. Bo

Are we moving towards a world where no one owns anything?

Once upon a time, you bought a CD, a DVD box set, or a copy of Microsoft Office and that was it - you owned it. Now, most of what we use every day is rented through a monthly fee. Spotify, Netflix, Adobe, Microsoft 365, Apple iCloud - even cars, clothes, and coffee machines are turning into subscriptions. The 'subscription economy' has quietly changed how we spend, how we budget, and how we think about value. From ownership to access We used to think of ownership as the goal.