Property Tax Reform 2025: What Homeowners and Sellers Need to Know
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...Understanding Your Income Tax: A Guide to Rates & Allowances for Chester Businesses & Individuals
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...
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.