Welcome to Phillips & Co Accountants Chester
Accountants in Chester with 67 5-star Google reviews. Call or WhatsApp today on 01244 220 062.
Accountants Chester
Phillips & Co Accountants Chester are a leading firm of accountants based in Chester, Cheshire. Established in 2012, we have helped thousands of small businesses and individuals in Chester and beyond with their accounting, business and tax requirements. Phillips & Co Accountants Chester will use over 60 years of experience to help streamline your accounts process and minimise your tax obligations.
We have a mission to provide stress-free accounting and tax services to small businesses, individuals and landlords. We are a modern firm of Chester Accountants with traditional values, set up with a focus on bringing value-added services to our clients & helping them make critical decisions and grow their business.
As a proactive and modern firm of Accountants in Chester, Phillips & Co Accountants Chester offer a 100% online service for those who struggle to find the time or opportunity to attend face-to-face meetings.
Contact Phillips & Co Accountants Chester on 01244 220 062 to find out how we can bring you financial peace of mind.
Alternatively, please visit our Quote page to request a no-obligation, online quote (please note that you will not be required to provide a telephone number to receive a quote).
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Member of the Association of Chartered Certified Accountants
Phillips & Co Accountants Chester offer a comprehensive range of financial, business, payroll and tax support services. Our aim is to provide a professional, personal and efficient solution to all your accounting and tax concerns.
Call or WhatsApp Phillips & Co Accountants Chester on 01244 220 062 to enquire about our services.
Expertise and Experience
Phillips & Co Accountants Chester use expertise to complete our work to the highest standard, and experience to explore opportunities and identify potential problems before they arise.
Phillips & Co Accountants Chester also use the latest software to provide a cost-effective, real-time service.
Accounts
Accounts preparation is a core part of our service to ensure you are able to fulfill all the reporting responsibilities your business must meet in respect of its obligations to stakeholders and regulatory bodies, such as HMRC and Companies House. We prepare non-statutory accounts for sole traders and statutory accounts for limited companies.
Tax
We will prepare and submit your Company’s Corporation Tax Return to HMRC and advise you on any tax liability which is due within nine months of the year end. If you are a sole trader, knowing how much tax you have to pay, and when you have to pay it, is vital. We have years of experience looking after the tax affairs of unincorporated business owners.
Business
Our business services include: planning, budgeting and raising finance through: expansion, restructuring, mergers and management buy-outs. We help start-up businesses save time, money and stress. Our services include: Company formation, devising business plans and producing management accounts.
Payroll
Whether you employ only a handful of people or a large workforce, dealing with payroll tasks and ensuring compliance with legislation, is yet another burden to distract you from running your business. Our payroll service will ensure that payment is made in accordance with the appropriate legislation, allowing you to focus on other matters.
Our aim is simple…provide the best service we can for our clients. Phillips & Co Accountants Chester complete all work to the highest standard and communicate findings in a clear and concise manner. We value feedback as an opportunity to continue to develop our services and team.
Call or WhatsApp Phillips & Co Accountants Chester on 01244 220 062 to enquire about our services.
Thousands of Happy Clients in Chester and Beyond
Over the past 10 years, Phillips & Co Accountants Chester have helped thousands of businesses and individuals in Chester and beyond with their accounting, business and tax requirements.
5.0 out of 5.0 Google Rating (67 reviews)
4.7 out of 5.0 Trustpilot Rating (33 reviews)
To read some of the kind words written about Phillips & Co Accountants Chester, please follow the links below:
Our experience with Terry and his team has been one of the best we’ve ever had. They were able to understand what we needed and have made what we thought would be a difficult process very simple. We would highly recommend Phillips & Co Accountants Chester.
I can’t recommend Terry and the rest of the team at Phillips & Co Accountants Chester enough for everything they have done for me and my business. If you choose them as your accountants, you will be in very good hands and they won’t let you down.
Such a friendly business! Really helpful from the 1st phone call. Phillips & Co Accountants Chester have helped me with all aspects of my business and go the extra mile to make sure I’m on track. The team really made me feel relaxed and at ease with it all.
Enquire About Our Services
Please complete and submit this form to make an enquiry about our individual, landlord and small business services.
Phillips & Co Accountants Chester will not divulge your contact details to any other 3rd party. For more information please read our Privacy Policy.
If you already have an accountant, the changeover is simple and Phillips & Co Accountants Chester will take care of it all for you.
Accountants Chester – Where Are We?
Phillips & Co Accountants Chester are based in the historic city of Chester, west of the city centre. We are located off the A548 Sealand Road which links Chester with Deeside and leads on to the Greyhound Retail Park and Chester Racecourse.
For more information, call or WhatsApp Phillips & Co Accountants Chester on 01244 220 062.
Please use the following address for your Sat Nav when travelling to our office:
Obsidian Offices, Chantry Court, Chester, CH1 4QN
Phillips & Co Accountants Chester
Obsidian Offices, Chantry Court
Chester, CH1 4QN
01244 220 062
Latest Tax News
The latest UK tax news from Phillips & Co Accountants Chester
Mileage Rates Update – 06/07/22
HMRC’s latest update of mileage rates for company car drivers came into force on 1 June 2022 and were met with fleet industry criticism. The majority of the criticism was focused on whether the increasing cost of charging electric vehicles would be covered by the rates, even if the charging was predominantly done at home.
The Advisory Fuel Rates (AFR) and Advisory Electric Rate (AER) are HMRC approved per-mile rates at which drivers can either be reimbursed for business journeys or pay back their employers when they have made private journeys using company fuel. The rates are updated each quarter in a bid to match pump prices and improvements in vehicle efficiency.
The new rates for petrol and diesel take into account the effects of price increases as a result of the war in Ukraine. Petrol and diesel have increased in price by 10% and 16% respectively, leading to adjustments of 1p and 3p per mile in the AFR. There has been no similar increase in the AER, which remains at 5p per mile, despite criticism that the rate is not covering charging costs for some larger, less efficient models or public charge points.
Phillips & Co Accountants Chester
Online P11D EV Errors – 04/07/22
End-of-year expenses and benefits are reported to HMRC using form P11D. Unfortunately, the form is not particularly intuitive when it comes to reporting the use of electric cars, and mistakes are easy to make. Such mistakes often lead to employees being overcharged for their company electric vehicles.
For the tax year 2021/22, the taxable benefit for having the private use of an electric company car was only 1% of the list price. For the 2022/23 tax year, the equivalent figure is set at 2%, which it will remain frozen at until at least 2024/25.
However, those who have used HMRC’s online PAYE system to complete the P11D form, have reported that the calculation of assessable benefit is producing some strange results. It is not clear why the error occurs, but users have found that when it does, the calculator defaults to treating the electric vehicle as petrol-powered with high emissions of CO2.
This results in the benefit in kind being assessed at 37% of the vehicle list price rather than 1% or 2%. With the showroom price of electric vehicles tending to be much more expensive than equivalent petrol or diesel models, this miscalculation could result in some considerable assessable benefits.
How to ensure the assessable benefit is correct
It may be necessary to check the PAYE codes of employees who have a company-provided electric vehicle, to see if the amount of assessable benefit-in-kind has been calculated as expected.
Where an error in the PAYE code highlights an incorrect car benefit figure, the only way for employees to get this amended is by contacting HMRC by phone on the general helpline.
Alternatively, the employer or their tax agent, could attempt to resolve the computer glitch by calling the employer helpline on 0300 200 3200. The employer, or agent, will need to have the PAYE scheme number and the accounts office reference to hand.
Phillips & Co Accountants Chester
Working Family Boost – 20/06/22
HMRC is urging working families in the UK to not miss out on a £500 tax-free boost to help cover childcare costs over the summer holidays. More than 500,000 families used the Tax-Free Childcare scheme last year but it is believed that up to 1.3m families may be eligible.
Working parents with young or school-aged children could receive as much as £1,000 (if a child is disabled) every three months to help with childcare costs. This boost could be especially important with the school summer holidays approaching fast and the increasing costs of living. The extra funds can be used to help pay for holiday clubs, before and after school clubs, childminders and nurseries over the summer months.
Families that deposit £8 into a Tax-Free Childcare online account will receive an additional £2 in UK Government top-up. The scheme is available for children aged up to 11, or 17 if that child has a disability.
With an estimated 1.3 million families potentially eligible for this support, it is vital that parents and carers check their eligibility for the scheme. Last year (2021/22 tax year) a total of 512,415 families made use of tax-free childcare in the UK. This is compared to 374,135 in the 2020/21tax year.
Helen Whately, HM Treasury’s Exchequer Secretary to the Treasury, said: “It’s fantastic that more parents are taking up Tax-Free Childcare. This support provides a helping hand with childcare costs for working families.
“With over one million families eligible, I want to encourage parents to take advantage of Tax-Free Childcare and keep the extra pounds in their pocket.”
Myrtle Lloyd, HMRC’s Director General for Customer Services added: “Tax-Free Childcare can make a big difference to families, helping with the bills for things like nurseries, childminders and after school clubs.”
Phillips & Co Accountants Chester
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