mystylefinance

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 can feel hard to...

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 • Higher rate...

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 earns. That...