by Terry Phillips | Mar 25, 2025 | National Insurance, Accountants, Uncategorized
Accountants Chester: National Insurance Changes 2025/26 Date: March 25, 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...
by Terry Phillips | May 27, 2024 | accountancy, Allowances, business management, Business Owner, Chester, expenses, hmrc, partner, Self employed, Self-Assessment, Sole trader, tax, Tax planning, Tax return
The 2023/24 tax year presents valuable opportunities for small businesses and property owners to reduce their tax liabilities through the Trading and Property Allowances.
by Terry Phillips | May 13, 2024 | Cash Accounting, accountancy, Accountants, bookkeeping, Business Owner, Chester, Family Business, hmrc, Income, Income Tax, Self employed, Self-Assessment, Sole trader, tax, Tax return, Trading Expenses
As of 2024, a significant change has been implemented in the way you manage your accounting: cash accounting is now the default method for your business.
by Terry Phillips | May 8, 2024 | tax, accountancy, Accountants, Chester, employee, Employer, hmrc, part time, PAYE, Self-Assessment, tax rebate, Tax return
It’s a question that likely pops into every UK employee’s mind at some point: “Am I paying the right amount of tax?” This blog will delve into what is often an overlooked subject, and explain what tax codes are, how they work, and how a simple check could mean a nice tax refund.
by Terry Phillips | Apr 28, 2024 | Payments on Account, accountancy, Accountants, Business Owner, Chester, director, Employer, hmrc, Income, Income Tax, Influencers, Self employed, Self-Assessment, Sole trader, tax, Tax return
Navigating Payments on Account can feel daunting for self-employed individuals. This initial instalment of our self-assessment series aims to clarify this frequently misunderstood part of the tax system.
