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... by Terry Phillips | Jun 3, 2025 | Sole trader, Self employed
Author: Phillips & Co Accountants, Chester Date: June 03, 2025 As a sole trader or small business owner, you’re likely juggling many tasks. While focusing on your core business is crucial, neglecting your finances can lead to serious problems down the line.... by Terry Phillips | May 12, 2025 | Startup
Author: Phillips & Co Accountants, Chester Date: May 12, 2025 Launching a new business in Chester is an exciting prospect! But turning a great idea into a successful venture requires careful planning. A comprehensive business plan is your roadmap, essential not... by Terry Phillips | May 9, 2025 | Self employed
Author: Phillips & Co Accountants, Chester Date: May 9, 2025 Taking the leap into self-employment is an exciting step. Whether you’re starting a new business, freelancing, or becoming a sole trader in Chester, getting your affairs in order from the outset is... by Terry Phillips | May 6, 2025 | Business Owner
Author: Phillips & Co Accountants, Chester Date: May 6, 2025 The business landscape in 2025 continues to present both exciting opportunities and unique challenges for local enterprises here in Chester. As we move further into the year, ensuring your business not... by Terry Phillips | Apr 22, 2025 | Self-Assessment
Date: April 22, 2025 The way self-employed individuals and landlords manage and report their taxes is undergoing a significant transformation. Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) is on the horizon, marking a major shift towards a fully... by Terry Phillips | Apr 4, 2025 | Self-Assessment
Date: April 04, 2025 As the 2024/25 tax year officially ends on April 5th,2025, and the new 2025/26 tax year begins on April 6th, 2025, we’re writing with some important reminders and information to help you prepare for your accounts and tax return preparation....
by Terry Phillips | Mar 25, 2025 | National Insurance, Accountants, Uncategorized
Accountants Chester: National Insurance Changes 2025/26 Date: March 25, 2025 For businesses in Chester, the upcoming 2025/26 tax year (starting April 6th) brings significant changes to National Insurance Contributions (NICs). To navigate these changes, which will...
