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.
- Fixed-Fee Pricing: Transparent accountancy packages starting from just £35/mo.
- Strict MTD Compliance: Seamless digital transitions for the active HMRC mandate.
- Trusted Local Experts: Jargon-free support from our ACCA-regulated local firm.
Important Update: Making Tax Digital (MTD) is Here
If your gross sole trader income exceeds £50,000, the traditional method of filing an annual Self-Assessment tax return has officially ended.
As of April 2026, HMRC’s Making Tax Digital for Income Tax (MTD for ITSA) mandate is legally in effectUnder these strict new rules, you are now required to:
- Replace all manual spreadsheets and outdated paper-based processes with secure digital records.
- Maintain all financial data digitally using approved, MTD-compatible cloud accounting software.
- Submit strict quarterly income & expense updates to HMRC, alongside a final annual declaration.
Seamless MTD Compliance with Phillips & Co
Navigating these new HMRC regulations does not need to disrupt your business. At Phillips & Co, our fixed-fee sole trader packages are fully MTD-compliant. We set you up on industry-leading Xero cloud software, manage your ongoing digital bookkeeping, and handle every single quarterly submission on your behalf. We guarantee your digital HMRC compliance, ensuring you never have to worry about late filing penalties.
How It Works: A Stress-Free Transition
Switching your sole trader accounting to Phillips & Co is incredibly straightforward.
1. The Initial Consultation
We begin with a brief consultation to understand your business. We will then recommend the ideal fixed-fee package to secure your strict HMRC compliance.
2. The Digital Onboarding
We manage the whole digital setup process on your behalf. We swiftly and securely migrate all your financial records to the cloud with zero business disruption.
3. Complete Financial Peace of Mind
You run your business while we actively manage your quarterly Making Tax Digital submissions and annual Self-Assessment tax returns, ensuring you never miss any 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!
Millie Katharine,
Chester
★★★★★
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.
Tom Graham,
Chester
★★★★★
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.
Gary Drew,
Chester
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 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:
Essential
Stress-Free Self-Assessment- Annual Accounts & Tax Return preparation
- Dedicated local accountant for your firm
- Proactive reminders & year-round support
Growth
Built for Scaling Sole TradersEvery feature from our Essential package
Quarterly VAT Return filing & management
Ongoing software support for your growth
MTD Ready
Complete Peace of Mind- Includes every feature from Growth tier
- Quarterly MTD update prep and submission
- Dedicated MTD tax & cloud software setup