by Terry Phillips | Sep 17, 2025 | Self-Assessment, AI, Self employed, Sole trader
Author: Phillips & Co Accountants, Chester Date: 17 September, 2025 AI tools can speed up your Self Assessment prep—sorting receipts, explaining jargon and drafting checklists. But generic tools can also misapply UK rules and miss reliefs. Here’s how to use AI... by Terry Phillips | Sep 16, 2025 | VAT, hmrc, VAT late submission penalties
Author: Phillips & Co Accountants, Chester Date: 16 September, 2025 If HMRC doesn’t collect your VAT Direct Debit after you’ve filed a return, panic is understandable. In some cases HMRC has cancelled the DD (for example, when moving a business onto payments on... by Terry Phillips | Sep 9, 2025 | Sole trader, Limited Company
Author: Phillips & Co Accountants, Chester Date: 09 September, 2025 If you’re a sole trader and growth is coming fast, you’ve probably asked: “Should I go limited?” The answer depends on numbers, risk and goals. Here’s a clear, no-jargon guide so you can choose... by Terry Phillips | Sep 8, 2025 | making tax digital, Income, Income Tax, MTD ITSA
Author: Phillips & Co Accountants, Chester Date: 08 September, 2025 MTD for Income Tax (MTD ITSA) arrives from April 2026 for many sole traders and landlords. But not everyone has to join. Before you buy software or rewire your bookkeeping, check whether you’re... by Terry Phillips | Aug 29, 2025 | Self-Assessment
Author: Phillips & Co Accountants, Chester Date: 29 August, 2025 If this is your first Self Assessment (new sole trader, new landlord, or you’ve got untaxed income such as dividends or gains), you must register with HMRC by 5 October following the end of the tax...