Sole Trader Accounting Packages in Chester

Affordable, expert accountancy for Chester sole traders — with transparent fixed fees and tailored support to help you stay compliant and grow your business with confidence. Read our guide on sole trader expenses.

We believe that expert accounting should never come with surprise bills. Our transparent, fixed-fee monthly packages give you complete peace of mind, knowing your HMRC compliance, tax returns, and proactive advice are fully covered.

Whether you are just starting out, growing your operations, or need our dedicated MTD Ready package (specifically designed for those with a combined income over £50,000 or proactive owners looking to volunteer for Making Tax Digital early), choose the perfect tier for your business below:

We know not every Chester sole trader needs ongoing monthly support. That’s why we offer flexible one-off accounting solutions — expert service and clear fixed fees with no ongoing commitment.

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 (£32/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 Calculation: We meticulously compile your annual income and allowable business expenses, 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 accurately calculate your exact Income Tax liability alongside your Class 2 and Class 4 National Insurance contributions.

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 (£52/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 Ready Package (£75/month)

Total peace of mind ahead of the April 2026 mandate. Designed specifically for sole traders with a combined gross income over £50,000, or highly proactive business owners looking to volunteer for Making Tax Digital early.

► 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 now requires quarterly digital submissions. We process and submit these mandatory income and expense updates on your behalf every three months.

Final Declaration (EOPS): At the end of the tax year, we seamlessly process your End of Period Statement and Final Declaration, tying all your quarterly updates into one legally compliant final tax bill.

► Dedicated MTD Cloud Software Setup Navigating new HMRC software requirements can be daunting. We make it effortless.

Full Digital Onboarding: We fully migrate your sole trader finances onto approved, industry-leading cloud accounting software (such as Xero) tailored specifically for the new MTD for ITSA rules.

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