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

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

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

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.

A business owner recently mentioned a myth that VAT registration only becomes worth it once sales hit £110,000. Apparently, below that,...

Starting a business with someone you trust can be incredibly rewarding, but before you dive in, it’s essential to understand what forming...