Accountants Chester – Phillips & Co
Self-Assessment & Limited Company Specialists
Accountants Chester | Tax & Business Services | Phillips & Co
Phillips & Co Accountants deliver experienced accounting and tax services for businesses and individuals throughout Chester. Need personalised financial solutions? Partner with the Chester accountants trusted by local businesses for expert guidance.
Our Core Services include:
Tax Planning and Compliance
Self-Assessment
Limited Company Accounts
Bookkeeping
Startup Business Services
With a 4.9 Google rating (94 reviews), we are committed to providing reliable, professional accounting support. Simplify your tax season – let our expert accountants in Chester help individuals ensure accurate Self-Assessment returns.
Get your no-obligation quote today.
Trusted Accountants Chester Businesses Choose for Success
For over 10 years, Phillips & Co has been the trusted partner for Chester businesses and individuals needing expert accounting and tax support. We understand the local Chester financial landscape, providing tailored solutions to help you achieve your goals and avoid financial stress. Get reliable, accurate, and timely service from the accountants local businesses turn to.
Why Choose Phillips & Co As Your Chester Accountants?
- Local Expertise: Solutions genuinely tailored for the Chester market.
- Maximum Tax Savings: We ensure you claim every deduction available.
- Cloud Accounting: Real-time data for better financial management (Xero Certified).
- Proven Excellence: Our 4.9 Google rating (94 reviews) shows our commitment.
- Certified Professionals: Experienced, ACCA-accredited accountants with local Chester knowledge.
Trusted by Businesses Across Chester
We’re proud to partner with a diverse range of businesses throughout Chester, helping them achieve financial clarity and success. Below are just some of the valued clients who trust Phillips & Co with their accounting needs.
Transparent Accountants Chester Businesses Trust
At Phillips & Co, we offer clear, competitive accounting fees specifically for businesses in Chester. Understanding the local need for cost-effective solutions, we help you ensure accurate annual accounts and VAT compliance through meticulous record-keeping. Rely on the accountants Chester businesses trust for financial clarity.
Tailored Accounting Packages for Chester:
Our accountants in Chester collaborate with you, understanding your unique business goals to craft bespoke accounting packages. Expect solutions tailored to your budget, delivered with complete fee transparency – no hidden costs.
Empower Your Chester Business:
Don’t wait! Get a free, no-obligation quote from our Chester accountants today and see how we fuel business growth. We empower you with the insights needed for informed financial decisions and long-term success in Chester.
Contact Our Chester Accounting Team
Call/WhatsApp: +44(1244) 220-062
Sole Trader
Ltd Company
Partnership
Individuals
Local Accountants Chester Businesses & Startups Recommend
Phillips & Co provides comprehensive accounting support designed for growth right here in Chester. Our experienced accountants understand the specific needs of local businesses – from established firms navigating compliance to ambitious startups finding their feet. If you’re launching a new venture, we’re the accountants Chester startups trust for expert guidance.
Full-Service Accounting Support in Chester
We offer a complete suite of services tailored for the Chester market. Let our dedicated Chester accounting team help you manage finances and achieve your goals:
- Expert
Tax Planning & Compliance Corporation Tax Returns Limited Company Accounts Business Services Self-Assessment - Efficient
Bookkeeping & VAT - Reliable
Payroll & CoSec Startup Business Services
Speak to Your Local Chester Accountants
Have questions about your business finances or tax obligations in Chester? Let Phillips & Co provide the clarity and expert guidance you need. We offer tailored accounting solutions and proactive support designed to help local businesses thrive.
Fill out the form below, and our friendly Chester team will be in touch shortly to discuss how we can help simplify your finances and achieve your goals.
Are complex accounting tasks draining your time and energy? Contact our experienced accountants in Chester. They will handle your finances, maximizing profits and minimizing tax burdens. Focus on growing your Chester business with confidence.
Chester Accountants: Tax Tips & Business Insights
Stay informed with practical tax advice and business insights from the accountants Chester businesses and individuals rely on. We share timely updates on HMRC regulations, effective tax-saving strategies, and local trends relevant to the Chester area.
What You’ll Find on Our Blog:
- HMRC Updates Explained: Understand the latest compliance changes simply.
- Actionable Tax-Saving Tips: Proactive strategies to optimise your finances.
- Chester Business & Market News: Insights relevant to the local economy.
Read the latest articles from our Chester accounting experts.
Accountants Chester: Tax Tip No. 176
Smart Profit Extraction
17 April 2025
The new 2025/26 tax year is upon us (starting April 6th, 2025), and for business owners, it’s the perfect time to think strategically about how you take money out of your company. Efficient profit extraction isn’t just about accessing your hard-earned cash; it’s about doing so in the most tax-efficient way possible. The ‘best’ method depends heavily on your business structure, profit levels, personal circumstances, and goals. Let’s explore the common options.
1. Sole Traders & Partnerships: Drawings
If you operate as a sole trader or in a traditional partnership (not an LLP), extracting profit is straightforward. You simply take ‘drawings’ – withdrawing cash from the business bank account for personal use.
- How it’s Taxed: Drawings themselves aren’t taxed directly. Instead, you pay Income Tax and Class 2 & Class 4 National Insurance Contributions (NICs) on the total taxable profits of the business via your annual Self-Assessment tax return, regardless of how much you actually withdrew as drawings.
- Pros: Simple administration.
- Cons: Less flexibility for tax planning compared to a limited company. Your personal liability for business debts is unlimited.
Accountants Chester: Tax Tip No. 175
Tax Year End (24/25)
04 April 2025
As the 2024/25 tax year officially ends on April 5th,2025, and the new 2025/26 tax year begins on April 6th, 2025, we’re writing with some important reminders and information to help you prepare for your accounts and tax return preparation.
Action Required: Your 2024/25 Tax Year Records
Now is the perfect time to start gathering your financial information for the year ended April 5th, 2025, so we can prepare your accounts and/or tax return efficiently.
To help you identify exactly what information is needed, especially for Self-Assessment, please refer to our checklist here: https://phillipsco-accountants.co.uk/self-assessment-checklist/
Please begin collecting documents such as:
- Bank statements (business and relevant personal)
- Sales invoices and summaries of income
- Records of all business expenses (receipts, invoices)
- P60s, P11Ds, P45s (from employment/directorships, if applicable)
- Dividend vouchers received
- Details of any rental income and expenses (for landlords)
- Records of personal pension contributions made
- Any other information relevant to your income and expenses for the year.
Accountants Chester: Tax Tip No. 174
National Insurance Changes 2025/26
25 March 2025
For businesses in Chester, the upcoming 2025/26 tax year (starting April 6th) brings significant changes to National Insurance Contributions (NICs).
To navigate these changes, which will directly impact payroll, having expert advice from accountants Chester is essential.
What Chester Employers Need to Know:
Key NIC Changes and Accountants Chester’s Role
- Increased Employer NIC Rate:
- The rate of employer NICs will rise to 15%. This means higher employment costs for Chester businesses. Accountants Chester can help you understand and plan for this.
- Reduced Threshold:
- The threshold for paying NICs drops to £5,000, affecting more of your payroll. Local accountants Chester can provide strategic solutions.
- Enhanced Employment Allowance:
- The Employment Allowance increases to £10,500, potentially offsetting costs. Accountants Chester can ensure you maximize this benefit.
Your Chester Accounting Questions Answered
Choosing the right accountants in Chester is crucial for your business’s success. We understand you likely have questions when selecting accountants Chester businesses can rely on. To help, here are answers to common queries we hear from our local clients, designed to help you make an informed decision.
What types of services do Phillips & Co offer as accountants in Chester?
Phillips & Co Accountants provides comprehensive accounting and tax services tailored for both businesses and individuals in Chester. Our core services include year-end accounts preparation, Self-Assessment tax returns, Corporation Tax compliance, VAT returns, efficient bookkeeping, payroll management, and expert advice specifically for Chester startups and established businesses. Our Services.
Why should I choose a local Chester accountant like Phillips & Co?
Partnering with local Chester accountants like Phillips & Co means you get personalised service from professionals who truly understand the Chester business environment and local financial landscape. We offer face-to-face availability (if needed), tailored advice relevant to the area, and are committed members of the Chester business community, dedicated to supporting local success.
What kinds of clients do your accountants in Chester typically work with?
Our experienced accountants in Chester support a diverse range of clients across the region. This includes sole traders, partnerships, limited companies, private individuals, landlords, contractors, and freelancers operating in various industries within Chester and surrounding areas. We tailor our services to meet your specific needs, regardless of size.
How does Phillips & Co structure fees for accounting services in Chester?
At Phillips & Co Accountants in Chester, we prioritise transparency. We typically offer fixed-fee packages agreed upon in advance, based on the specific services you require. This means no surprise bills. Contact our Chester office for a free, no-obligation quote tailored precisely to your business or personal accounting needs. Our Fees.
Are your accountants qualified and regulated?
Yes, absolutely. Phillips & Co are Chartered Certified Accountants, demonstrating our commitment to high professional standards. We are proud members of ACCA (Association of Chartered Certified Accountants), ensuring the advice and service our Chester clients receive is expert, ethical, and up-to-date. About Us.
How can I get started with Phillips & Co Accountants in Chester?
Getting started with our accountants in Chester is simple. You can call our Chester office directly on +441244 220 062, email us at info@phillipscoaccountants.co.uk, or complete the contact form on our website. We'll promptly arrange a free, initial consultation to discuss how we can best support your financial goals. Contact Us.
Legal Disclaimer
Need Accountants Chester? Contact Phillips & Co. for personalised accounting advice. While our website offers helpful information, always consult a professional for decisions impacting your finances. Laws and regulations change, and we cannot be liable for outdated information. External links are for reference but may not be secure. Accountants Chester | Phillips & Co | Accountancy & Tax