Self-Assessment Services
Self-Assessment Tax Returns in Chester
Struggling with the annual stress of Self-Assessment? You’re not alone. Our ACCA-certified accountants in Chester provide an expert service to ensure your tax return is accurate, filed on time, and that you claim every deduction you’re entitled to. Avoid HMRC penalties and gain complete peace of mind with our trusted support.
Who Do We Help?
Our Self-Assessment service is ideal for a wide range of clients in the Chester area, including:
- Self-Employed Sole Traders & Freelancers
- Landlords and Property Owners
- Company Directors receiving dividends
- High Earners (earning over £100,000)
- Individuals with Capital Gains or investment income
“I have used Phillips & Co with to support my tax self assessment, something I always find quite complex, they have been very responsive, really helpful and very professional. Something that concerned me greatly has been dealt with by experts. Highly recommend and I wouldn’t hesitate to use them again. Mark has been my contact and he has been a pleasure to deal with.”
Our Simple 3-Step Process
We make your Self-Assessment completely hassle-free. Our process is designed for clarity and efficiency:
- Simple Information Gathering: We start with a straightforward checklist to help you easily gather all your necessary income and expense documents for the tax year.
- Expert Preparation & Review: Our team meticulously prepares your return, applying all available reliefs and allowances to legally minimise your tax bill. Every return is thoroughly reviewed for accuracy.
- Timely Filing & Clear Advice: We file the completed return directly with HMRC on your behalf, well before the deadline. We then provide you with a clear summary and advice on your tax liability and payment date.
“Phillips & Co were brilliant from start to finish when helping with my self assessment. They made the process very smooth and straight forward for me. Would recommend to anyone!”
Your Self-Assessment Checklist
To help you prepare, here is a guide to the information we typically need and the common reliefs we can claim for you:
- National Insurance Number: Your taxpayer ID.
- UTR (Unique Taxpayer Reference): Your 10-digit Self-Assessment number.
- Income Proof: Bank statements, invoices, receipts.
- Expenses: Business receipts for deductions.
- P60/P45 (If employed): Summarises taxed income
- March Payslip: Shows full year earnings.
- Pension Contributions: Yours and employer’s.
- Gift Aid Donations: Boost tax benefits.
- **Top Tip**: Start early to reduce stress and maximize deductions.
Income to Report Checklist
- Employment Income: Gross pay from your job (P60)
- Self-Employment Profits: Taxable income after expenses
- Investments: Interest, dividends, capital gains
- State Pension: Regular payments and lump sums
- Private Pension Income: Gross amounts received
- Taxable Benefits: Incapacity, jobseeker’s, bereavement, carer’s benefits, incapacity, jobseeker’s, bereavement, carer’s, etc
- Other Income: Anything not covered above, including expenses
Deductions & Reliefs We Maximise
- Pension Contributions: Eligible for tax relief
- Charitable Giving: Gift Aid donations
- Blind Person’s Allowance: If applicable
- Student Loans: Employer-deducted payments.
- High Income Child Benefit Charge: Applies if income exceeds £60,000.
- Marriage Allowance: Transferable if income is below £12,570.
Transparent Fixed-Fee Pricing
We believe in clear, upfront pricing with no surprises.
Our fixed fee for a standard Self-Assessment tax return starts from £225.
Contact us for a precise, no-obligation quote based on your specific circumstances.
“In over 50 years of using accountancy services, this company is the best ever found. Superb service and highly recommended.” “Fantastic service received, v. responsive and great value, would definitely recommend them.”
Frequently Asked Questions
Got questions about Self-Assessment in Chester? Our FAQs provide answers for local clients. Need more? Contact us!
What exactly does the Phillips & Co Self-Assessment service include for Chester clients?
Our comprehensive Self-Assessment service, designed for clients in Chester, typically covers preparing your tax return accurately from the information provided, calculating your precise tax liability, ensuring all allowable expenses and reliefs are claimed to potentially minimise your tax bill, filing the completed return directly with HMRC online, and advising you clearly on payment deadlines and amounts.
Who generally needs your Self-Assessment services in Chester?
We help a wide range of clients in Chester with their Self-Assessment obligations. This commonly includes the self-employed (sole traders), partners in partnerships, company directors, landlords with rental income, individuals earning over £100,000 per year, and those with significant income from savings, investments or foreign sources. If you're unsure, our Chester accountants can quickly clarify if you need to file.
Can using your Self-Assessment service actually save me money compared to doing it myself?
Yes, it often can. While there is a fee for our professional Self-Assessment services, our Chester accountants are experts in UK tax legislation and dedicated to identifying every allowable expense and tax relief applicable to your situation – opportunities often missed when filing yourself. These savings, combined with avoiding costly HMRC penalties for errors, can frequently outweigh our fee, alongside saving you considerable time and stress.
What information will I need to provide to use your Self-Assessment service?
To prepare your return accurately, we'll need details of all your income sources for the tax year (e.g., self-employment records, P60/P45s, rental income statements, dividend vouchers) and records of relevant expenses. We provide clear guidance, and you can use our helpful Self-Assessment checklist. Our Chester team is always available to clarify what's needed.
How much do you charge for Self-Assessment services in Chester?
We offer transparent and competitive pricing. As experienced Chester accountants, we typically provide fixed-fee quotes for our Self-Assessment services, based on the complexity of your financial affairs (e.g., number and type of income streams). This ensures you know the cost upfront. Please contact us for a free, no-obligation quote tailored specifically for your Self-Assessment needs in Chester.
What is the process if I hire Phillips & Co for my Self-Assessment?
Our process is designed to be smooth and hassle-free for our Chester clients: 1. Contact us for an initial discussion and quote. 2. Once you engage our Self-Assessment service, securely provide us with your financial information (we'll guide you). 3. Our expert accountants meticulously prepare your tax return and calculations. 4. We send the draft return to you for review and approval. 5. Upon your approval, we electronically file the return with HMRC well before the deadline.
Why should I pay an accountant in Chester when I can file Self-Assessment myself online?
While HMRC offers online filing, tax rules can be complex and subject to change. Using our professional Self-Assessment service in Chester provides peace of mind that your return is accurate and compliant, minimising the risk of HMRC enquiries or penalties. Furthermore, our Chester accountants focus on maximising your tax efficiency and save you the significant time and potential stress involved in preparing it yourself.
Ready to Simplify Your Self-Assessment?
Partner with Phillips & Co, Chester’s 4.9-star accountants, for accurate, stress-free Self-Assessment.