Sole Trader Accounting Packages
Across Chester, Wirral & Liverpool
Affordable, chartered certified accountancy for sole traders, freelancers, and contractors across Chester, the Wirral, and Liverpool. With transparent fixed monthly retainers starting from £65/month and zero added VAT, we streamline your Self-Assessment, optimise allowable business expenses, and guarantee full Making Tax Digital (MTD) compliance—with zero surprise bills.
Clear, Fixed-Fee Pricing
for Sole Traders
We believe expert accounting should never come with surprise bills. Our transparent, fixed-fee monthly packages give you complete financial certainty, knowing your statutory HMRC compliance, Self-Assessment filings, and allowable expense claims are proactively managed with zero added VAT across Chester, Wirral, and Liverpool.
Sole Trader Pricing Guarantee: Flat Rates — Zero Added VAT
Save 20% Out-of-PocketBecause non-VAT registered sole traders cannot reclaim VAT on professional fees, traditional practices charging standard-rate VAT cost you an extra 20% on top. At Phillips & Co, the price you see is the exact price you pay—saving you 20% out-of-pocket every single month.
Essential
Stress-Free Annual Compliance
- Annual Trading Accounts & Self-Assessment return (SA100)
- Dedicated ACCA chartered certified accountant for your trade
- Proactive allowable expense optimisation & tax relief guidance
- Direct partner email, telephone advice & HMRC representation
Growth
Built for Expanding Businesses
- Includes every core feature from the Essential package
- Quarterly VAT Return preparation, reconciliation & MTD submission
- Seamless cloud accounting software setup & direct integration
- Quarterly bookkeeping health reviews & digital ledger controls
MTD Compliant
Complete Digital Peace of Mind
- Complete annual trading accounts & comprehensive tax filing
- All 4 quarterly MTD digital updates prepared & submitted to HMRC
- Year-End MTD Final Declaration submission & audit defense
- Quarterly VAT returns included if dual-registered
Customise Your Package: Payroll & CIS Add-Ons
Not every sole trader employs staff or contracts site labor. To keep core accountancy retainers as cost-effective as possible, we provide transparent payroll and Construction Industry Scheme (CIS) management as optional, modular add-ons:
Monthly Payroll & RTI
1–2 Staff MembersComplete end-to-end processing for fixed monthly salaries. Includes secure digital employee payslips, HMRC Real Time Information (RTI) submissions, workplace pension compliance, and statutory P60 generation.
Monthly CIS Returns
Up to 5 SubcontractorsIncludes monthly CIS payment and deduction statement preparation, online HMRC verification of new subcontractors, and timely monthly CIS300 electronic submissions to prevent automatic penalties.
HMRC Scheme Setup
PAYE or CIS ActivationOfficial setup and registration of your new PAYE employer or CIS contractor scheme directly with HMRC, including tax office reference allocations, accounts activation, and digital portal linking.
Important Software & Tax Scope Boundaries
100% Direct Data Ownership & Software
Subscriptions to cloud accounting platforms (e.g. Xero) are strictly not bundled inside our package fees. We mandate that clients hold their software licenses directly, ensuring you retain 100% legal ownership of your commercial ledgers and are never locked in by an accountancy firm.
Personal Tax Returns Scope
The Self-Assessment return included within our sole trader packages covers your primary trading profits, allowable expenses, and CIS deductions suffered. Distinct personal complexities—such as buy-to-let rental properties (SA105), foreign earnings, or capital asset disposals—fall outside base compliance and are scoped transparently before work commences.
Bookkeeping Standards & Quarterly Data Quality
Our fixed-fee compliance retainers assume digital transactions and bank feeds are kept reconciled—either annually (Essential Package) or quarterly (Growth & MTD Compliant Packages).
To comply with HMRC statutory filing cutoffs, reconciled ledgers must be available by our agreed timetable. If historical accounts require significant clean-up or unreconciled bank transactions need matching, a transparent Quarterly Bookkeeping Catch-Up fee (from £45/quarter) or a one-off Bookkeeping Rescue fee will apply.
Additional Accounting Services
Across Chester, Wirral & Liverpool
We understand that not every sole trader, freelancer, or contractor requires an ongoing monthly retainer. That is why we provide transparent one-off accounting solutions—delivering senior ACCA compliance, zero added VAT, and clear fixed pricing with zero long-term tie-ins.
One-Off Annual Accounts & Tax Service
Ideal for sole traders and freelancers across Chester, Wirral, and Liverpool who prefer a single annual settlement without ongoing monthly engagement. Covers comprehensive trading accounts preparation, allowable expense claims, and your statutory HMRC Self-Assessment filing (SA100).
While our standalone year-end filing is available at £795/year, joining our Essential Monthly Package (£65/month = £780/year) spreads your compliance costs predictably across 12 months with zero added VAT—while unlocking proactive allowable expense reviews, direct phone/email support, and complete filing peace of mind with zero January deadline panic.
Custom Solutions & Complex Setups
Operating a hybrid trade, managing multiple CIS revenue streams, or preparing for high-turnover MTD thresholds? We build bespoke accounting retainers calibrated to your exact commercial structure.
All quotes are agreed in writing in advance with zero added VAT. Complex advisory work is always scoped transparently prior to commencement.
In-Depth Package Breakdowns —
Exactly What You Get
We believe expert accounting for the self-employed should be completely transparent. When you partner with Phillips & Co on a fixed monthly retainer, you receive far more than a basic year-end submission—you gain a proactive ACCA accounting practice across Chester, Wirral, and Liverpool with zero added VAT and zero hidden extras.
The Essential Package
The complete compliance solution for sole traders, freelancers, and contractors who demand guaranteed peace of mind, proactive allowable expense claims, and punctual HMRC filings.
Comprehensive Annual Accounts Preparation
We transform your digital bookkeeping and bank transactions into clear, statutory profit statements.
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Income & Expense Review: Meticulous examination of all trade receipts and bank feeds, claiming every legitimate deduction—from simplified business mileage and use-of-home allowances to capital equipment write-offs.
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Profit Optimisation: Verification of your commercial trade ledger to guarantee taxable profits are accurately minimized within HMRC legislation before final filing.
Personal Self-Assessment Tax Return (SA100)
Complete elimination of tax season friction and stressful January submission deadlines.
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Tax & NICs Computations: Accurate calculation of Income Tax and Class 4 National Insurance liabilities, while verifying National Insurance credits to safeguard your State Pension record.
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Direct Digital Submission: Electronic submission of your SA100 return directly through our HMRC agent gateway, accompanied by an itemised tax breakdown and payment timetable.
Year-Round Proactive Support & Representation
Direct access to experienced qualified accountants who serve as your continuous financial partners.
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Dedicated Accountant Access: Direct telephone and email contact with your assigned ACCA accountant for quick, jargon-free answers whenever business queries arise.
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Proactive Deadline Management: Early record call-in timetables that eliminate last-minute rushes, surprise tax bills, and statutory late-filing surcharges.
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HMRC Agent Representation: We manage all official HMRC correspondence and compliance reviews on your behalf—sparing you from hours lost in HMRC telephone queues.
The Growth Package
Engineered specifically for expanding sole traders. If your turnover is approaching the mandatory VAT threshold or you have registered voluntarily, this package lifts the entire quarterly reporting burden.
Quarterly VAT Returns & MTD Compliance
Strict filing deadlines, digital audit trails, and HMRC VAT regulations managed with precision.
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Input vs. Output Reconciliation: Detailed transaction reconciliations to maximize every permissible input VAT reclamation on equipment, tools, materials, and overheads.
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Making Tax Digital Submissions: Secure digital linking and quarterly submission of your VAT returns to HMRC, eliminating manual errors and late penalty points.
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Cash-Flow Forecasting: Clear, advance notification of your precise quarterly VAT liability well before the direct debit due date to protect working capital.
Continuous Cloud Accounting Ledger Guidance
As transaction volume expands, your bookkeeping records remain synchronized and audit-ready.
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Cloud Software Alignment: Continuous ledger oversight and feed health checks across certified platforms (Xero and FreeAgent) to ensure live bank feeds balance without unreconciled suspense accounts.
The MTD Compliant Package
Custom-built for sole traders earning over £50,000 complying with Making Tax Digital for ITSA, and proactive self-employed trades over £30,000 preparing early for the mandatory April 2027 rollout.
MTD for ITSA Quarterly Submissions & Final Declaration
Full execution of HMRC's quarterly digital reporting obligations with zero stress.
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4x Quarterly Digital Submissions: We process, review, and digitally transmit mandatory quarterly trading updates to HMRC every 3 months. (Assumes digital transactions and bank feeds are kept reconciled by agreed quarterly cutoff dates).
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Year-End Final Declaration: Following the tax year-end, we review all four quarterly digital submissions, make statutory accounting adjustments, and file your formal Final Declaration.
Seamless Cloud Accounting Setup & Digital Linking
Structured digital onboarding onto HMRC-approved cloud accounting platforms.
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HMRC Digital Gateway Linking: We configure the digital link between our practice portal and your cloud subscription (e.g. Xero), ensuring you preserve 100% legal ownership of your records.
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Automated Receipt & Bank Workflows: Setup of automated bank matching rules and receipt capture software, saving hours of monthly administrative bookkeeping.