by Terry Phillips | Sep 30, 2025 | PAYE, Income Tax, Self-Assessment, Trading Allowance
Author: Phillips & Co Accountants, Chester Date: 30 September, 2025 As Accountants in Chester, we’re often asked: “I’m on PAYE but earn on the side — do I need to file Self Assessment?” Often, yes. If you have untaxed income, certain thresholds mean you’ll need to... by Terry Phillips | Sep 19, 2025 | making tax digital, MTD ITSA
Author: Phillips & Co Accountants, Chester Date: 19 September, 2025 MTD for Income Tax (MTD ITSA) starts soon. If your qualifying income (gross self-employment + UK property) is over £50,000 on your 2024/25 return, you’ll need to use MTD from 6 April 2026. Those... by Terry Phillips | Sep 8, 2025 | making tax digital, Income, Income Tax, MTD ITSA
Author: Phillips & Co Accountants, Chester Date: 08 September, 2025 MTD for Income Tax (MTD ITSA) arrives from April 2026 for many sole traders and landlords. But not everyone has to join. Before you buy software or rewire your bookkeeping, check whether you’re... by Terry Phillips | Aug 20, 2025 | tax
Author: Phillips & Co Accountants, Chester Date: 20 August, 2025 The UK property tax system could be about to change in a big way. In August 2025, reports indicated that Chancellor Rachel Reeves is exploring sweeping reforms designed to increase revenues and close... by Terry Phillips | Jun 11, 2025 | Income Tax, MTD ITSA, tax
Author: Phillips & Co Accountants, Chester Date: June 11, 2025 Understanding your Income Tax can feel like deciphering a complex puzzle. With rates, bands, and various allowances, it’s easy to get lost. But for every sole trader, small business owner, and...
