Sole Trader Accounting Packages
in Chester

We believe that expert accounting for the self-employed should be completely transparent. When you choose a fixed-fee monthly package with Phillips & Co, you are not just paying for a year-end tax return—you are gaining a dedicated financial partner.

Explore the comprehensive breakdowns below to see exactly how much administrative heavy lifting we take off your shoulders at every tier, ensuring your sole trader business remains highly profitable and strictly compliant with HMRC.

The Essential Package (£55/month)

The perfect foundational package for freelancers, contractors, and newer sole traders who want absolute peace of mind, zero surprise tax bills, and flawless HMRC compliance.

Comprehensive Annual Accounts Preparation We take your raw financial data and turn it into a clear, compliant picture of your business.

Income & Expense Review: We meticulously review your digital bookkeeping records, ensuring you claim every single relief you are legally entitled to (from home-office use to travel and equipment).

Profit Optimisation: We review your ledger to ensure your final profit figure is completely accurate and highly tax-efficient before it ever reaches HMRC.

Personal Self-Assessment Tax Return (SA100) We eliminate the stress of the January tax season completely.

Tax & National Insurance Calculation: We calculate your exact Income Tax and Class 4 National Insurance liability, while advising on voluntary Class 2 contributions to protect your state pension.

Complete Tax Return Filing: We prepare and submit your full Self-Assessment tax return directly to HMRC, providing you with a clear summary of exactly what you owe and precisely when to pay it.

Year-Round Proactive Support & Alerts Unlike a one-off accountant, we act as your ongoing financial safety net.

Dedicated Local Accountant: You get a dedicated Phillips & Co expert who understands your specific business and is always available for plain-English advice.

Deadline Management: We actively chase you for your records well ahead of time, ensuring you never miss an HMRC deadline or face a late-filing penalty.

HMRC Agent Representation: We act as your officially authorised tax agent, meaning we deal directly with HMRC on your behalf so you do not have to wait in call queues.

The Growth Package (£95/month)

Built specifically for expanding sole traders. If your business is crossing the VAT threshold or you want to register voluntarily to claim back expenses, this package takes the administrative burden completely off your hands.

Everything in the Essential Package You receive comprehensive preparation of your Annual Accounts, your full Self-Assessment tax return, and year-round proactive support from our dedicated Chester team.

Quarterly VAT Returns & MTD Compliance VAT can be a minefield of strict deadlines. We ensure you never overpay or miss a filing.

Input vs. Output Checking: We rigorously review your transactions to ensure you are claiming back every allowable penny of VAT on your business purchases.

MTD Digital Submissions: We ensure your records are fully Making Tax Digital compliant and submit your precise VAT returns to HMRC every single quarter.

Liability Forecasting: We give you plenty of advance notice on exactly what your upcoming VAT bill will be, so you can manage your cash flow confidently without sudden shocks.

Ongoing Cloud Software Support As your business grows, your financial tools need to keep up.

Software Guidance: We provide ongoing support for your cloud accounting software, helping you streamline your invoicing, manage digital receipts, and connect your bank feeds flawlessly.

The MTD Compliant Package (£145/month)

Includes Complete VAT Management:

If you are VAT-registered, this package covers both your 4x Quarterly VAT Returns AND your mandatory 4x Quarterly MTD ITSA Updates + Final Declaration. All-in compliance under one fixed fee.

HMRC’s strict new MTD digital mandate is now active. Are you compliant?

Designed specifically for sole traders with a qualifying turnover over £50,000 who must now legally comply with the Making Tax Digital mandate, and proactive earners over £30,000 securing their systems ahead of the strict April 2027 rollout.

Everything in the Growth Package You receive full Annual Accounts preparation, your complete year-end tax calculations, Quarterly VAT Returns (if applicable), and ongoing expert support.

Making Tax Digital (MTD) Quarterly Submissions: We handle the complete transition to HMRC’s mandatory new digital tax system so you do not have to lift a finger.

Quarterly Digital Updates: Instead of one annual return, HMRC requires four quarterly digital updates. We process, sanity-check, and submit these mandatory income and expense updates to HMRC every three months.

(Note: Requires your bank feeds and digital records to be updated and reconciled quarterly by our agreed cutoff dates to avoid late-filing penalties).

Final Declaration: At the end of the tax year, we process your Final Declaration, tying all your quarterly digital updates into one legally compliant final tax bill.

Seamless Cloud Software Integration: Navigating new HMRC digital requirements can be daunting. We make the transition effortless.

Digital Integration: We seamlessly link our HMRC-approved filing systems to your direct cloud software subscription (such as Xero), ensuring your data remains 100% under your ownership while meeting strict MTD rules.

Automated Record Keeping: We help you implement automated receipt capturing and bank reconciliation tools, drastically reducing the hours you spend on business administration.