Accountants Chester - 01244 220 062

Accountants Chester:

Welcome to Phillips & Co Accountants Chester

Accountants in Chester with over 65 5-star Google reviews. Call today on 01244 220 062.

Accountants Chester

Phillips & Co Accountants Chester are a leading firm of Accountants based in Chester, Cheshire. We have successfully helped thousands of small businesses and individuals in Chester and beyond with their accounting and tax obligations. Phillips & Co Accountants Chester will use over 50 years of experience to help save you time, minimise your tax obligations and bring you financial peace of mind. We know how hard you work and the rewards you deserve!

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 are able to offer a 100% online service for those who struggle to find the time or opportunity to attend face-to-face meetings.

Call or WhatsApp Phillips & Co Accountants Chester on 01244 220 062 to find out how we can bring you financial peace of mind.

For a no-obligation, online quote please visit our Request a Quote page. Please note that you do not need to provide a telephone number to receive a quote.

Tom Graham
Tom Graham
2022-05-26
Mark was brilliant from start to finish when helping with my self assessment. He made the process very smooth and straight forward for me. Would recommend to anyone
Terence Peter
Terence Peter
2022-05-11
Phillips & Co Accountants Chester are a firm of accountants in Chester with a reputation for providing an honest, thorough and value for money service. They were recommended to me by a friend who has used them for a number of years now both as a director of a limited company and as a sole trader business owner. Phillips & Co Accountants Chester are proactive, responsive and very helpful when you have a question. The financial side of running a business can be very daunting and distract you from the service you are supplying to your clients. Phillips & Co Accountants Chester have taken this stress away from me and allow me to concentrate on running my business. They are approachable and make you feel that you can ask them even the most rudimentary questions. I particularly like the fact that they offer a 100% online service as it can be difficult and time consuming for me to attend face-to-face meetings. I am very glad that Phillips & Co Accountants Chester were recommended to me and I have passed on my recommendation of them to a number of friends and family members.
John Ahern
John Ahern
2022-02-11
Always been very supportive and managed my tax affairs with great care and diligence. Best accountants in over 30 years in business.
James Cook
James Cook
2022-01-31
Phillips and co. Done my self assessment and they were easy to deal with and very helpful with any queries and questions. I dealt with Mark and he was great to communicate with, is very knowledgeable and easy to approach. I will definitely use Phillips and co. again in the future.
Steve Ray
Steve Ray
2022-01-06
Great service received from Phillips & Co Accountants. Will continue to use. Great comms and a speedy service . S. Jones
Darryl White
Darryl White
2021-12-01
Terry and the team at Phillips & Co are great. Really responsive and professional, provide guidance when I need it and always on hand to answer questions and help me out. Certainly taken the headache out of ours accounts and bookkeeping!
Ray Lear
Ray Lear
2021-11-30
Hugh and Alex Barrow
Hugh and Alex Barrow
2021-11-28
Great service! Knowledgeable, friendly and quick to respond to queries. Would definitely recommend!
Matt owen & Lee owen
Matt owen & Lee owen
2021-11-25
We have used Phillips & Co since starting our company, everything has always been straight forward and done everything that’s needed for a fair price
Andrew e
Andrew e
2021-11-10
I’ve only been with Phillips & co for 12 months and in that 12 months they have been so helpful. Would recommend to anyone looking for a reliable and trust worthy 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.

Phillip & 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 business start-ups save time, money and stress in the long run. Our services include: Company formation, supporting raising finance, opening bank accounts, business plans and management accounts.

Payroll

Whether you employ only a handful of people or a large workforce, dealing with the payroll and ensuring compliance with legislation, and avoiding possible fines, can be yet another burden and concern. By using our payroll service, you will be able to ensure pay is made in accordance with the appropriate legislation, allowing you to focus on your business.

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

Accountants Chester with over 65 5-star Google reviews. Phillips & Co Accountants Chester have successfully helped thousands of businesses and individuals in Chester and beyond with their accounting and tax obligations.

5.0 out of 5.0 Google Rating (66 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.

Yourgaff Ltd

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.

Jason Howard Photography

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.

Accelerate With Kate

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

Phillips & Co Accountants Chester - Tax Free Childcare

Tax-Free Childcare - 27/05/22

The latest Tax-Free Childcare statistics reveal that more than half a million families received financial support towards the cost of childcare during the 2021 to 2022 tax year.

According to the statistics published by HMRC, 512,415 families received up to £2,000 towards their childcare costs during the 2021-2022 tax year. This record figure is up from 374,135 in the previous tax year.

A total of £240 million is paid annually by the government in top-ups to provide thousands of eligible working families with vital financial support towards the cost of their childcare.

For every £8 paid by families into a Tax-Free Childcare online account, the government will automatically top up the account with an additional £2. Accounts can be opened at any time of the year and be used straight away. Money can be deposited at any time and used when needed. The top-up support is available for children aged up to 11, or 17 if the child has a disability.

Families can receive up to £500 every 3 months, per child, or £1,000 if their child is disabled, and this can help fund the cost of before and after-school clubs, childminders and nurseries, holiday clubs and other approved childcare schemes.

Unfortunately, hundreds of thousands of families could be missing out, as research carried out recently by HMRC, estimates that about 1.3 million families could be eligible for this government support.

Parents and carers are being urged to check their eligibility and register for Tax-Free Childcare via GOV.UK.

HMRC’s Director General for Customer Services, Myrtle Lloyd, said:

“Tax-Free Childcare can make a big difference to families, helping with the bills for things like nurseries, childminders and after school clubs. It’s easy to register – search ‘Tax-Free Childcare’ on GOV.UK.”

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.”

Phillips & Co Accountants Chester

Phillips & Co Accountants Chester - Scammer Warning

Tax Credits Scams - 26/05/22

HMRC has issued a warning to those claiming Tax Credits to be aware of scams and fraudsters who pose as the Department, in an attempt to steal their personal information or money. The warning is especially important at this time of year when around 2.1 million people are expected to renew their Working Tax Credits and Child Tax Credits.

 In the 12 months, to April 2022, HMRC received 277,000 suspicious contact referrals from the public. It had been reported that fraudsters will use telephone calls, text messages and emails to try and trick individuals. They will attempt to force the person into making a quick decision.

 HMRC has stated that it will not call anyone, without notice, threatening arrest – only criminals do that.

Common examples of scams include:

  • Phone calls threatening arrest if people don’t immediately pay fictitious tax owed – sometimes they claim that the victim’s National Insurance number has been used fraudulently,
  • Emails or texts offering spurious tax rebates, bogus Covid-19 grants or claiming that a direct debit payment has failed.

HMRC’s Director General for Customer Services, Myrtle Lloyd, said: “We’re urging all of our customers to be really careful if they are contacted out of the blue by someone asking for money or bank details.

“There are a lot of scams out there where fraudsters are calling, texting or emailing customers claiming to be from HMRC.

“If you have any doubts, we suggest you don’t reply directly, and contact us straight away. Search GOV.UK for our ‘scams checklist’ and to find out ‘how to report tax scams’.”

HMRC does not and will not charge Tax Credits customers to renew their annual claims. The department is urging people to be alert to misleading websites or adverts which are designed to make them pay for UK Government services that should be free. One example is individuals being charged for a connection to HMRC phone helplines.

Customers can renew their Tax Credits for free via GOV.UK or the HMRC app and are advised to search GOV.UK to get the genuine information and guidance.

Phillips & Co Accountants Chester

Phillips & Co Accountants Chester - Do you pay tax on tips received

Tips Received - 25/05/22

You will have to pay Income Tax on any tips you receive at work. You may also have to pay National Insurance.

Who is responsible for reporting the tax and deciding whether you pay National Insurance depends on:

  • how the customer paid the tip
  • how tips are managed at your workplace

If a customer pays the tip directly to you and you keep the tip, then you must report the tip to HMRC yourself.

Tips can be reported in one of the following ways:

  • in a Self-Assessment tax return if you already fill one in,
  • through your personal tax account online, or
  • by calling HMRC

HMRC will alter your tax code if needed and your employer will then deduct any tax you owe on tips when you get paid. You will not need to pay National Insurance in this case.

You must update your personal tax account or call HMRC each time the amount of tips you receive changes substantially. This will help stop you paying too much or too little tax over the course of the year.

If your tips are paid through work, you do not have to report tips:

  • passed on by your employer, for example, discretionary tips customers added to their bill payments
  • paid through a separate system for managing and sharing out tips at your workplace.

Any Income Tax you owe on these tips will be deducted when you get paid.

Whether you have to pay National Insurance will depend on how much your employer is involved in deciding how the tips are shared out. If it is determined that you have to pay National Insurance then your employer will deduct it when you get paid.

Service charges

Service charges are added to the bill before it is given to the customer.

If the charge is compulsory, it is not treated as a tip. If your employer gives it to you, it is treated in the same way as your wages.

If the service charge is voluntary then you will pay tax and National Insurance in the same way as for tips.

Bonuses

Bonuses are part of your pay and so you will pay tax and National Insurance on them. Your employer will deduct these from your wages before you receive them.

Cash in hand wage payments

It is illegal for your employer to pay you your wages ‘cash in hand’ without first deducting tax and National Insurance contributions.

Phillips & Co Accountants Chester

The information on this website is intended for guidance only. It is based upon our understanding of current legislation and is correct at the time of publishing. No liability is accepted by TPP Accountants Ltd T/A Phillips & Co Accountants Chester for actions taken in reliance upon the information given. Furthermore, this website contains links to external sources of information which we believe you will find useful. However, we are not responsible for the content or integrity of any external websites and, as such, accept no liability for any viruses or malware connected to those sites and any resultant damage caused. Phillips & Co Accountants Chester.