Prestons Accountants

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Prestons was established in 2007, and today we continue to build on our enviable reputation for providing excellent advice and first class service to our business and personal clients alike.

🚨The move is part of the sweeping changes to employee rights sets out in the government’s flagship Employment Rights Act...
13/08/2026

🚨The move is part of the sweeping changes to employee rights sets out in the government’s flagship Employment Rights Act 2025. When the consultation was released previous minister for business Peter Kyle said the measure would ‘ensure all jobs provide a baseline level of security and predictability, ending exploitative zero hours contracts’.

Under the new rules, these workers, including those placed through agencies, will have the right to:

guaranteed hours, where the number of hours offered reflects the hours worked by a qualifying worker during a reference period;
reasonable notice of shifts and changes to these; and
payment for shifts cancelled, curtailed or moved at short notice.
Now the government has released costings for the proposals, setting out a maximum £2.9bn bill for businesses every year to comply with the rules. This includes a total of £450m per annum to pay for the right to guaranteed hours, £1.2bn to implement the workers’ new right to reasonable notice of shifts, and up to £1.3bn in compensation payments for cancelled or shortened shifts.

🚨HMRC’s performance data for 2025/26 shows it has made progress on customer service but still has a way to go, according...
12/08/2026

🚨HMRC’s performance data for 2025/26 shows it has made progress on customer service but still has a way to go, according to the Chartered Institute of Taxation (CIOT).

The data shows a mixed picture with progress on compliance activity, digital adoption and HMRC’s telephone service.

However, challenges remain around debt levels, correspondence handling and customer satisfaction.

The CIOT welcomed the news that HMRC has met their target of 85% of attempts to get through to an HMRC helpline adviser succeeding. This is the first time it has met their target in this area.

The CIOT also noted that HMRC has missed its other four customer experience targets.

🚨Prime Minister Andy Burnham has slashed business rates for pubs, clubs and live music venues in England by 20%.The redu...
12/08/2026

🚨Prime Minister Andy Burnham has slashed business rates for pubs, clubs and live music venues in England by 20%.

The reduction will take effect from April 2027 and will save the typical pub an estimated £1,100 next year, according to the government.

Designed to cut costs for working people and communities, the move will benefit nearly 32,000 pubs, clubs and live music venues, the government said.

The changes will be fully funded, including through reviewing reliefs for businesses that do not make a positive contribution to local communities, such as v**e shops.

Mr Burnham said: ‘For too long, governments have stood by while cherished venues have disappeared from our local high streets.

🚨In a new development HMRC has confirmed it will begin automatically signing up taxpayers who should already be using Ma...
12/08/2026

🚨In a new development HMRC has confirmed it will begin automatically signing up taxpayers who should already be using Making Tax Digital (MTD) for Income Tax but have yet to enrol.

HMRC stated: ‘From September 2026, HMRC will begin signing up customers who should be using MTD for the 2026 to 2027 tax year but have not yet done so, helping them meet their requirements. This will happen in stages over the coming months.’

🚨Hospitality businesses, teams and organisations are being urged to sign a new petition calling for the government to cu...
10/08/2026

🚨Hospitality businesses, teams and organisations are being urged to sign a new petition calling for the government to cut the VAT rate for the sector to 10% by UKHospitality.

The trade group has launched , a sector-wide campaign asking for the government to cut the rate of VAT for hospitality businesses, so it is in line with European levels.

UKHospitality is urging the entire sector to back its call by signing a new petition, with the aim to get a million signatures.

Hospitality groups, including the British Beer and Pub Association, the British Institute of Innkeeping and CODE Hospitality, are also supporting the campaign

🚨Small businesses and the self-employed struggling with their finances to receive a helping hand as debt advice services...
10/08/2026

🚨Small businesses and the self-employed struggling with their finances to receive a helping hand as debt advice services are strengthened, the Treasury has announced.

The Treasury is making a £4 million funding boost over three years for business debt advice services support.

The funding will go towards expanding access to expert support to help businesses get back on track. The Treasury says this will benefit an additional 16,000 businesses over the next three years to total 75,000 businesses.

The Treasury says the funding builds on the success of the Business Debtline delivered by Money Advice Trust

There will be an additional £2 million funding this year to help modernise debt advice, it added.

🚨The headline approved mileage rate has increased to 55p per business mile for the first 10,000 miles, with effect from ...
10/08/2026

🚨The headline approved mileage rate has increased to 55p per business mile for the first 10,000 miles, with effect from 6 April 2026. For each business mile over 10,000 miles, the approved mileage rate remains at 25p per business mile.

This is part of a government package of measures intended to address rising fuel prices.

Approved mileage rates may provide relief from Income Tax where an employee or a self-employed individual makes business journeys in their own vehicle. Similar rules apply for the purposes of national insurance contributions (NIC).

Separate rates apply for motorcycles and bicycles, and there is also a rate for passenger payments.

No changes have been announced to these rates. However, the government has committed to a review of all rates and has indicated that this will be set out at a future Budget.

🚨Over 400,000 landlords and self employed still not signed up to MTD for Income Tax if have £50,000 qualifying income wi...
27/07/2026

🚨Over 400,000 landlords and self employed still not signed up to MTD for Income Tax if have £50,000 qualifying income with first quarterly return deadline only two weeks away
The new Making Tax Digital (MTD) for Income Tax system is compulsory, except for a very few exemptions, so it is absolutely critical to sign up even though the up to £200 HMRC financial penalties will not be imposed in year one for failure to file returns quarterly. Meantime, agents in the beta trials pre-launch are coming up against problems filing year ends for beta clients due to delays with MTD software updates.

The deadline to register and file first quarterly update for Making Tax Digital (MTD) for Income Tax is Friday 7 August, only two weeks away, with a total of 864,000 taxpayers required to file based on their earnings in 2024-25 tax year. It is a legal requirement and is mandatory for taxpayers in scope.

🚨Prominent economists including Jim O’Neill, an ally of Andy Burnham, are urging the MP for Makerfield to pursue radical...
13/07/2026

🚨Prominent economists including Jim O’Neill, an ally of Andy Burnham, are urging the MP for Makerfield to pursue radical tax and spending reform to “unlock the gridlock that plagues the country” when he is confirmed as prime minister.

🚨31 July 2026 pending……
13/07/2026

🚨31 July 2026 pending……

Address

Unit 5 Bowes Business Park, Wrotham Road
Meopham
DA130QB

Opening Hours

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

Telephone

+441474368520

Website

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