Tax Blog
Chester Tax Blog by Phillips & Co Accountants
Phillips & Co Accountants bring you expert tax news, HMRC updates, and actionable tips through our Chester tax blog. As ACCA-certified Chester accountants, we cover essential topics for sole traders, limited companies, partnerships, and employees, helping you understand changes, stay compliant, and save money. Whether you’re navigating self-employment taxes or planning for the 2025/26 tax year, our blog empowers you with the knowledge to make informed financial decisions. Subscribe or contact us to discuss any topic further!
Why Follow Our Tax Blog?
– Stay Updated: Get the latest HMRC changes and tax news.
– Practical Tips: Actionable advice for Chester clients.
– Expert Insights: From ACCA-certified accountants.
– Save Money: Learn how to maximize tax savings.
– Trusted Source: 4.9 Google rating from 130+ reviews.
Latest Tax Insights
Stay informed with the latest UK tax insights tailored for Chester businesses and individuals.
Starting Up in Chester? Your Business Plan’s Financial Foundations are Key!
Author: Phillips & Co Accountants, Chester Date: May 12, 2025 Launching a new business in Chester is an exciting prospect! But turning a great idea into a successful venture requires careful planning. A comprehensive business plan is your roadmap, essential not...
Going Self-Employed in Chester? Your Quick Start Guide!
Author: Phillips & Co Accountants, Chester Date: May 9, 2025 Taking the leap into self-employment is an exciting step. Whether you're starting a new business, freelancing, or becoming a sole trader in Chester, getting your affairs in order from the outset is...
Essential Financial Strategies for Your Chester Business to Thrive in 2025
Author: Phillips & Co Accountants, Chester Date: May 6, 2025 The business landscape in 2025 continues to present both exciting opportunities and unique challenges for local enterprises here in Chester. As we move further into the year, ensuring your business not...
Get Ready for MTD for Income Tax!
Date: April 22, 2025 The way self-employed individuals and landlords manage and report their taxes is undergoing a significant transformation. Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) is on the horizon, marking a major shift towards a fully...
Smart Profit Extraction: Strategies for UK Business Owners in 2025/26 Smart Profit Extraction
Date: April 17, 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...
Self-Assessment Tax Year End 2024/25 Guide
Date: April 04, 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...
National Insurance Changes 2025/26
Accountants Chester: National Insurance Changes 2025/26Date: 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...
Trading and Property Allowances
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.
Cash Accounting Becomes the Default for Sole Traders
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.
Are You Missing Out on a Tax Refund?
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.
Understanding Payments on Account
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.
Navigating Self-Employment National Insurance
As a self-employed professional in Chester, understanding National Insurance Contributions (NICs) is crucial for accurate tax calculations and avoiding future surprises. Let’s break down the nuances of Class 4 NICs:
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This website’s information is for guidance only and reflects our understanding of current laws, which may change. We are not liable for actions taken based on this information. Always seek professional advice tailored to your situation. We are not responsible for external website content or reliability.
FAQs
Got questions about our Chester Tax Blog? We’ve got answers!
What kind of information can I find on the Chester Tax Blog?
The Phillips & Co Chester Tax Blog provides practical insights, tips, and updates on UK tax and accounting matters relevant to both businesses and individuals. Topics often include Self-Assessment, Corporation Tax, VAT, payroll, HMRC announcements, tax-saving strategies, and business advice, frequently discussed with a focus on the Chester context where applicable.
Who writes the articles for this Chester accountant blog?
Our blog posts are written by the experienced team of qualified professionals at Phillips & Co Accountants in Chester. We share our knowledge of UK tax law and practical insights gained from working directly with a diverse range of clients in Chester and the surrounding areas.
How often is the Chester Tax Blog updated?
We aim to update our Chester Tax Blog regularly with timely information, especially when significant HMRC changes occur or during key periods like the run-up to tax deadlines. While frequency may vary, our goal is to provide consistent, valuable tax advice and insights for our Chester audience.
How is this blog relevant specifically to people or businesses in Chester?
As Chester accountants, we understand the local business landscape. While UK tax rules apply nationwide, we often frame our advice, examples, and commentary with the Chester community in mind, addressing specific challenges or opportunities relevant to operating or living in Chester.
Can I find advice on a specific tax issue I'm facing here?
You can browse recent posts or use our website's search function (if available) to look for specific topics covered previously on our tax blog. We cover many common areas. However, please remember this blog provides general information and insights, not personalised tax advice.
Does reading this tax blog replace needing personalised advice from an accountant?
No. This Chester Tax Blog is a valuable resource for general information and staying updated, but it cannot replace professional advice tailored to your unique financial situation. Tax law is complex and individual circumstances vary greatly. For personalised guidance, we strongly recommend scheduling a consultation with one of our accountants in Chester. Contact Us.
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