by Terry Phillips | Jul 1, 2026 | director
Author: Phillips & Co Accountants, Chester Date: 01 July , 2026 Running a highly profitable limited company is only half the battle. Following the aggressive government Autumn Budget—which hiked Employer National Insurance to 15%, slashed the NI threshold to just... by Terry Phillips | Jun 22, 2026 | making tax digital, Uncategorized
Author: Phillips & Co Accountants, Chester Date: 22 June , 2026 We are officially in the Making Tax Digital (MTD) era for Income Tax. If you are a sole trader or landlord with a gross annual income over £50,000, the new rules legally took effect on 6 April 2026.... by Terry Phillips | Jun 11, 2026 | mileage rates, tax
Author: Phillips & Co Accountants, Chester Date: 11 June , 2026 In May 2026, Chancellor Rachel Reeves announced a targeted economic support package aimed at mitigating inflationary pressures for both consumers and commercial operators. The most structurally... by Terry Phillips | Jun 9, 2026 | dividends, Limited Company
Author: Phillips & Co Accountants, Chester Date: 09 June , 2026 Introduction Extracting funds from a close company is becoming increasingly expensive. A succession of statutory rate changes across Corporation Tax, National Insurance, and now Income Tax on... by Terry Phillips | Jun 1, 2026 | Uncategorized
Author: Phillips & Co Accountants, Chester Date: 01 June , 2026 Cloud accounting software like Xero and FreeAgent has made it easier than ever to manage your business finances. But while clicking “reconcile” is simple, the underlying tax rules are...