Styles & Associates Accountancy

Styles & Associates Accountancy We are an accountancy practice based in Alton, Hampshire.

We offer a wide range of services including limited company accounts, self-assessment tax returns, sole trader & partnerships and much more...

Budget 2026: What could it mean for hospitality businesses?With the 2026 Budget taking place on 28 October, hospitality ...
06/10/2026

Budget 2026: What could it mean for hospitality businesses?

With the 2026 Budget taking place on 28 October, hospitality businesses will be watching closely for any changes that could affect their costs, cash flow and profitability.

The sector is currently calling for action in four key areas:

๐Ÿ“Œ VAT โ€“ a proposed reduction in hospitality VAT from 20% to 10%

๐Ÿ“Œ Business rates โ€“ further support following the 2026 revaluation

๐Ÿ“Œ Employer National Insurance โ€“ increasing the secondary threshold to ยฃ10,000 by April 2029

๐Ÿ“Œ Tourism taxation โ€“ changes to how tourism-related investment is funded

These are industry proposals, not confirmed Budget measures, so businesses should avoid making financial decisions based on changes that have not yet been announced.

In the meantime, hospitality businesses can prepare by reviewing their cash flow, staffing costs, business rates and VAT position.

We've taken a closer look at the key issues and what hospitality businesses should be watching ahead of the Budget.

๐Ÿ‘‰ Read the full article on our website: https://www.stylesandassociates.co.uk/post/budget-2026-what-could-it-mean-for-hospitality-businesses

๐Ÿ“… Need to register for Self Assessment? The deadline is 5 October 2026.If you had untaxed income during the 2025/26 tax ...
29/09/2026

๐Ÿ“… Need to register for Self Assessment? The deadline is 5 October 2026.

If you had untaxed income during the 2025/26 tax year and have never filed a Self Assessment tax return, you may need to register with HMRC by 5 October 2026.

This could apply if you:

โ€ข Became self-employed and earned more than ยฃ1,000
โ€ข Started renting out a property and your income exceeded the relevant allowance
โ€ข Became a partner in a business partnership
โ€ข Had Capital Gains Tax to pay
โ€ข Received other untaxed income that wasn't collected through PAYE

HMRC has also introduced an improved online registration service, making it easier to register and receive your Unique Taxpayer Reference (UTR).

Missing the registration deadline could result in a penalty.

Our latest guide explains who needs to register, how the new process works, the key Self Assessment deadlines and what happens if you miss the 5 October deadline.

๐Ÿ‘‰ Read the full guide: https://www.stylesandassociates.co.uk/post/register-for-self-assessment-by-5-october-2026-what-you-need-to-know

24/09/2026

๐Ÿฐ Macmillan Fundraising Day at Styles & Associates and Mascolo & Styles ๐Ÿ’š

We were delighted to come together for our annual fundraising day in support of Macmillan Cancer Support.

There was plenty of homemade baking on offer, with an impressive selection of cakes, treats and goodies brought in by the team. And, most importantly, it was all for a great cause.

A big thank you and well done to everyone who baked, donated, bought a treat or helped make the day such a success. Your support makes a real difference.

Itโ€™s always lovely to see everyone getting involved and supporting such an important charity. ๐Ÿ’š

๐—œ๐—ป๐˜ƒ๐—ฒ๐˜€๐˜๐—ถ๐—ป๐—ด ๐—ถ๐—ป ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ฝ๐—ฒ๐—ผ๐—ฝ๐—น๐—ฒ ๐—ถ๐˜€ ๐—ฏ๐—ฒ๐—ฐ๐—ผ๐—บ๐—ถ๐—ป๐—ด ๐—ต๐—ฎ๐—ฟ๐—ฑ๐—ฒ๐—ฟ ๐—ณ๐—ผ๐—ฟ ๐˜€๐—บ๐—ฎ๐—น๐—น ๐—ฏ๐˜‚๐˜€๐—ถ๐—ป๐—ฒ๐˜€๐˜€๐—ฒ๐˜€Small businesses play a huge role in developing skills, ...
15/09/2026

๐—œ๐—ป๐˜ƒ๐—ฒ๐˜€๐˜๐—ถ๐—ป๐—ด ๐—ถ๐—ป ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ฝ๐—ฒ๐—ผ๐—ฝ๐—น๐—ฒ ๐—ถ๐˜€ ๐—ฏ๐—ฒ๐—ฐ๐—ผ๐—บ๐—ถ๐—ป๐—ด ๐—ต๐—ฎ๐—ฟ๐—ฑ๐—ฒ๐—ฟ ๐—ณ๐—ผ๐—ฟ ๐˜€๐—บ๐—ฎ๐—น๐—น ๐—ฏ๐˜‚๐˜€๐—ถ๐—ป๐—ฒ๐˜€๐˜€๐—ฒ๐˜€

Small businesses play a huge role in developing skills, offering work experience and giving people their first opportunity in the workplace.

But new research from the Federation of Small Businesses highlights a difficult reality: the cost of investing in people is rising at the same time as businesses are facing higher employment costs.

According to the research:

๐Ÿ”น 32% of small employers have reduced their training budget because of higher tax bills

๐Ÿ”น 27% have reduced training because of rising labour costs

๐Ÿ”น 84% provided training to existing staff over the past year

๐Ÿ”น The average training spend was ยฃ1,810 per employee

At the same time, apprenticeships and work experience can bring significant benefits, but smaller businesses often face barriers including employment costs, training costs, paperwork and the management time involved.

For small businesses, the question isn't simply "Should we invest in training?"

It's also "How can we make sure that investment supports the future of the business?"

Before committing to additional training or recruitment, it's worth looking at the bigger financial picture, including available tax relief, grants and funding, the full cost of employment and the potential impact on productivity and staff retention.

Weโ€™ve taken a closer look at what the latest research means for small businesses in our latest article.

๐Ÿ‘‰ Read the full article on our website: https://www.stylesandassociates.co.uk/post/small-businesses-face-growing-pressure-to-invest-in-skills-and-training

๐— ๐—ฎ๐—ธ๐—ถ๐—ป๐—ด ๐—ง๐—ฎ๐˜… ๐——๐—ถ๐—ด๐—ถ๐˜๐—ฎ๐—น ๐—ณ๐—ผ๐—ฟ ๐—œ๐—ป๐—ฐ๐—ผ๐—บ๐—ฒ ๐—ง๐—ฎ๐˜…: ๐—›๐— ๐—ฅ๐—– ๐˜€๐—ถ๐—ด๐—ป-๐˜‚๐—ฝ๐˜€ ๐—ฏ๐—ฒ๐—ด๐—ถ๐—ป ๐˜๐—ต๐—ถ๐˜€ ๐—บ๐—ผ๐—ป๐˜๐—ตSeptember marks an important point for sole traders and...
10/09/2026

๐— ๐—ฎ๐—ธ๐—ถ๐—ป๐—ด ๐—ง๐—ฎ๐˜… ๐——๐—ถ๐—ด๐—ถ๐˜๐—ฎ๐—น ๐—ณ๐—ผ๐—ฟ ๐—œ๐—ป๐—ฐ๐—ผ๐—บ๐—ฒ ๐—ง๐—ฎ๐˜…: ๐—›๐— ๐—ฅ๐—– ๐˜€๐—ถ๐—ด๐—ป-๐˜‚๐—ฝ๐˜€ ๐—ฏ๐—ฒ๐—ด๐—ถ๐—ป ๐˜๐—ต๐—ถ๐˜€ ๐—บ๐—ผ๐—ป๐˜๐—ต
September marks an important point for sole traders and landlords who need to use Making Tax Digital for Income Tax for the 2026/27 tax year.

HMRC is now starting to sign up people who need to use MTD but havenโ€™t signed up themselves.

If your qualifying income from self-employment and property was over ยฃ50,000, you may already be required to use MTD for Income Tax.

So why sign up yourself rather than wait for HMRC?

โœ”๏ธ You can check the information HMRC holds is correct
โœ”๏ธ You can make sure your current income sources are included
โœ”๏ธ You can account for changes in your circumstances
โœ”๏ธ You can get your software and records ready in your own time

HMRC has already confirmed that more than 570,000 customers have signed up, with over 436,000 having submitted their first quarterly update.

Not sure whether MTD for Income Tax applies to you, or need help getting ready?

Read our latest article for more information, or get in touch with the Styles & Associates team. We can talk through your requirements and provide you with a quote for our accounting services.

Read the full article: https://www.stylesandassociates.co.uk/post/making-tax-digital-for-income-tax-26-27-hmrc-sign-ups-begin-this-month

๐—ก๐—ฒ๐˜„ ๐—”๐—ฑ๐˜ƒ๐—ถ๐˜€๐—ผ๐—ฟ๐˜† ๐—™๐˜‚๐—ฒ๐—น ๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐—ณ๐—ฟ๐—ผ๐—บ ๐Ÿญ ๐—ฆ๐—ฒ๐—ฝ๐˜๐—ฒ๐—บ๐—ฏ๐—ฒ๐—ฟ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐ŸฒIf your business operates company cars or reimburses employees for business...
27/08/2026

๐—ก๐—ฒ๐˜„ ๐—”๐—ฑ๐˜ƒ๐—ถ๐˜€๐—ผ๐—ฟ๐˜† ๐—™๐˜‚๐—ฒ๐—น ๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐—ณ๐—ฟ๐—ผ๐—บ ๐Ÿญ ๐—ฆ๐—ฒ๐—ฝ๐˜๐—ฒ๐—บ๐—ฏ๐—ฒ๐—ฟ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฒ

If your business operates company cars or reimburses employees for business mileage, now is a good time to check your payroll and expenses processes and make sure the correct rates are being applied.

๐Ÿ‘‰ Read our latest article for the full breakdown of the September rates: https://www.stylesandassociates.co.uk/post/new-advisory-fuel-rates-from-1-september-2026

The 31st July Self Assessment payment deadline is fast approaching. If you make Payments on Account, your second payment...
01/07/2026

The 31st July Self Assessment payment deadline is fast approaching. If you make Payments on Account, your second payment for the 2025/26 tax year must be paid by this date.

If you miss the deadline, interest may be charged, so it's worth checking now whether you need to make a payment.

You will usually need to make Payments on Account unless:
ยท your last Self Assessment tax bill was under ยฃ1,000, or
ยท you paid more than 80% of your tax through PAYE or other deductions.

If paying your tax bill in full feels difficult, don't put it off. HMRC offers payment plans for eligible taxpayers, which can help you spread the cost into more manageable amounts.

It also pays to think ahead. Filing your tax return well before January can help you understand your tax position early and avoid unnecessary stress later on.

Need an accountant for your next Self Assessment? Get in touch with Styles & Associates for a free quote:

๐Ÿ“ž 01420 541 554
โœ‰๏ธ [email protected]

Developing new products, processes, or tech? You could be owed money in R&D Tax Relief, but a strict HMRC deadline is ap...
27/05/2026

Developing new products, processes, or tech? You could be owed money in R&D Tax Relief, but a strict HMRC deadline is approaching.

If youโ€™ve spent the last couple of years innovating, overcoming technical challenges, or improving your business processes, HMRC wants to reward that effort. However, you only have a strict window to claim.

Make sure your hard work pays off. Weโ€™ve put together a quick, straightforward guide outlining the upcoming deadlines and how you can protect your claim.

Click the link below to find out what steps to take next! ๐Ÿ‘‡ ๐Ÿ”— https://www.stylesandassociates.co.uk/post/r-d-tax-relief-deadline-approaching

Last week Michaela and Brittany represented Styles & Associates at the 2026 Accountex exhibition - one of the UKโ€™s leadi...
21/05/2026

Last week Michaela and Brittany represented Styles & Associates at the 2026 Accountex exhibition - one of the UKโ€™s leading events for the accounting and finance profession.

Accountex brings together accountants, tax advisers, software providers, and industry experts to explore the latest developments shaping the profession, from AI and automation through to tax compliance, practice efficiency, and client advisory services.

Some of the key takeaways from this yearโ€™s event included:

-The growing role of AI in streamlining compliance and reporting
-Increasing focus on HMRC compliance and changing tax regulations
-Greater demand for advisory-led accounting services
-New software tools helping firms improve efficiency and client communication
-Continued importance of specialist services such as R&D tax relief and employment tax planning

It was a great opportunity to meet suppliers, hear from industry speakers, and stay up to date with the latest developments affecting accountants and their clients.

Inflation has fallen to 2.8% in April 2026, but what does that actually mean for businesses, households, interest rates,...
20/05/2026

Inflation has fallen to 2.8% in April 2026, but what does that actually mean for businesses, households, interest rates, and future financial planning?

Our latest article breaks down:
-Why inflation has eased
-The impact on everyday costs
-What businesses should be watching next

Read the full article here: https://www.stylesandassociates.co.uk/post/inflation-drops-to-2-8-april-2026

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Berkeley House, Amery Street
Alton
GU341HN

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Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

01420 541 554

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