Author: Phillips & Co Accountants, Chester Date: May 12, 2025 Launching a new business in Chester is an exciting...
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Essential Financial Strategies for Your Chester Business to Thrive in 2025
Author: Phillips & Co Accountants, Chester Date: May 6, 2025 The business landscape in 2025 continues to present...
Get Ready for MTD for Income Tax!
Date: April 22, 2025 The way self-employed individuals and landlords manage and report their taxes is undergoing a...
Smart Profit Extraction: Strategies for UK Business Owners in 2025/26 Smart Profit Extraction
Date: April 17, 2025 The new 2025/26 tax year is upon us (starting April 6th, 2025), and for business owners, it's the...
National Insurance Changes 2025/26
Accountants Chester: National Insurance Changes 2025/26Date: March 25, 2025 For businesses in Chester, the upcoming...
Trading and Property Allowances
The 2023/24 tax year presents valuable opportunities for small businesses and property owners to reduce their tax liabilities through the Trading and Property Allowances.
Cash Accounting Becomes the Default for Sole Traders
As of 2024, a significant change has been implemented in the way you manage your accounting: cash accounting is now the default method for your business.
Are You Missing Out on a Tax Refund?
It’s a question that likely pops into every UK employee’s mind at some point: “Am I paying the right amount of tax?” This blog will delve into what is often an overlooked subject, and explain what tax codes are, how they work, and how a simple check could mean a nice tax refund.
Understanding Payments on Account
Navigating Payments on Account can feel daunting for self-employed individuals. This initial instalment of our self-assessment series aims to clarify this frequently misunderstood part of the tax system.
Navigating Self-Employment National Insurance
As a self-employed professional in Chester, understanding National Insurance Contributions (NICs) is crucial for accurate tax calculations and avoiding future surprises. Let’s break down the nuances of Class 4 NICs: