Chester Accountants
for Sole Traders
We handle your HMRC compliance and proactive tax planning in plain English. Enjoy complete peace of mind while you focus on running your business—backed by clear, fixed-fee monthly pricing and expert local guidance.
What We Do: Complete Accounting Services for Sole Traders
Running as a self-employed sole trader shouldn't mean spending your evenings worrying about HMRC deadlines or overpaying tax. We take care of all your financial administration and tax planning, giving you complete clarity and freedom to focus on your work.
Year-End Accounts & Profit Statements
We compile your sales records, invoices, and bank feeds into clear, professional Profit & Loss statements that reflect your true business performance.
Self-Assessment Tax Returns (SA100)
Full preparation and digital submission of your mandatory SA100 return directly to HMRC, ensuring your earnings, savings, and personal tax position are 100% compliant.
Allowable Expense Optimisation
We review every single transaction to claim all legitimate tax deductions—from business mileage and home-office use to equipment, tools, and professional subscriptions.
Income Tax, NICs & HMRC Representation
We calculate your exact Income Tax and Class 2/4 National Insurance liabilities. As your official HMRC agent, we handle all tax authority communications on your behalf.
Important Update: Making Tax Digital is Live
If your qualifying sole trader turnover exceeds £50,000, the traditional method of filing a single annual Self-Assessment tax return has legally ended. If your turnover is over £30,000, you must now prepare for the strict April 2027 rollout.
Replace paper receipts and manual spreadsheets with approved, MTD-compatible cloud accounting software.
Submit digital income and expense updates to HMRC every 3 months, followed by a final annual declaration.
Phillips & Co manages your cloud software setup and quarterly submissions so you never face late-filing fines.
How It Works: A Stress-Free Transition
Switching your sole trader accounting to Phillips & Co is quick, seamless, and completely hassle-free.
1. Free Consultation
We begin with a brief consultation to understand your business turnover and trading structure. We then match you to the ideal fixed-fee package with zero hidden costs.
2. Digital Onboarding
We manage the entire setup process. We securely configure your cloud accounting software under your direct ownership with zero disruption to your daily work.
3. Ongoing Peace of Mind
You focus on growing your business while we handle your quarterly MTD updates, year-end accounts, and annual tax returns—ensuring you never miss an HMRC deadline.
Trusted by Chester Sole Traders
Do not just take our word for it. Read how our jargon-free, fixed-fee approach has helped local sole traders stay compliant, save money, and completely eliminate their tax season stress.
"I have been with Phillips & Co since becoming self-employed in Chester. They are brilliant, efficient, and happy to answer my questions. I highly recommend them!"
"Mark was brilliant from start to finish helping with my self-assessment. He made the tax process very smooth and straightforward. Have recommended to friends."
"Fantastic accountants. Quick, informative, and nothing is too much trouble for Terry and his team. My annual Self-Assessment is highly cost-effective. Thank you."
Clear, Fixed-Fee Pricing for Sole Traders
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 MTD compliant package (specifically designed for business owners with a qualifying turnover over £50,000 who must now legally comply with the active MTD mandate, and proactive earners over £30,000 preparing for the strict April 2027 rollout), choose the perfect tier for your business below.
Clear Pricing Guarantee: Flat Rates — No VAT Charged On Our Fees
Save 20% Out-of-Pocket: Unlike standard accountancy practices, Phillips & Co does not charge VAT on client fees. The price you see is the exact amount you pay — saving non-VAT registered sole traders 20% compared to standard practices.
Essential
Stress-Free Self-Assessment
- ✓ Annual Accounts & Tax Return preparation
- ✓ Dedicated local accountant for your firm
- ✓ Proactive reminders & year-round support
- ✓ Allowable business expense claim optimisation
Growth
Built for Scaling Sole Traders
- ✓ Every feature from our Essential package
- ✓ Quarterly VAT Return filing & management
- ✓ Integration with your direct software subscription
- ✓ Ongoing growth & profitability guidance
MTD Compliant
Complete Peace of Mind
- ✓ Includes every feature from Growth tier
- ✓ 4x Quarterly MTD ITSA digital update filings
- ✓ Final Annual Tax Declaration submission
- ✓ Covers Quarterly VAT Returns if registered
Important Bookkeeping & Software Information
Our fixed-fee compliance packages assume your digital transactions are fully reconciled prior to submission—either annually (Essential Package) or quarterly (Growth & MTD Compliant Packages). If your records require significant clean-up or unreconciled bank feeds need matching before a quarterly submission, a one-off Bookkeeping Rescue fee or quarterly top-up fee will apply.
Customise Your Package: Payroll & CIS Add-Ons
Team Payroll (Up to 2 Staff)
End-to-end processing for fixed monthly salaries and monthly RTI submissions to HMRC.
Monthly CIS Subcontractor Returns
Covers up to 5 subcontractors (£3/mo per additional subcontractor) with deduction statements.
PAYE or CIS Scheme Registration
Official one-off HMRC scheme setup and employer reference number registration.