Welcome to Phillips & Co
Small business accountants and tax advisors
COVID - 19 Update
We are committed to delivering an exceptional service in these exceptional times. Our team are available to support and advise you by telephone, video and face-to-face meetings with strict social distancing measures in place.
Phillips & Co Accountants Chester are a firm of Chartered Certified Accountants in Chester with over 40 years experience in helping small businesses realise their full potential. We have clients in Chester, Wirral, North Wales and North Shropshire and tailor our accounts, tax, bookkeeping, payroll and business services to suit each individual client. We understand the importance of communication, transparency and fair value and are passionate about helping local small businesses and landlords be as tax efficient as possible. We are proud of the 40 plus 5-star Google reviews we have received and continue to strive to provide the best possible service we can.
Let Phillips & Co Accountants Chester guide you through one of the worlds most complex tax systems.
01244 220 062
Our aim is simple…to provide the best service we can for our clients. We complete all work to the highest standard and communicate the process and our findings in a clear and concise manner. It is both rewarding and motivating when we receive positive feedback and we are proud of our 40 plus 5-star Google reviews. Read them here.
A few years ago I was looking for a firm of local, professional accountants that would understand myself and my business and provide the services a small business requires. I can honestly say it’s been one of the best decisions I’ve made. Phillips & Co Accountants provide not only a professional service based on sound knowledge from years of experience, but whenever I have needed help and advice they always respond immediately and informatively.
Phillips & Co have supported our business with both accounts filing and advice for several years now, and they have provided us with a tailored service that suits us down to the ground. Fantastic value for money is combined with a wealth of experience and knowledge of business accounting structures and mechanisms. Their flexibility and willingness to help has ensured that our business has gone from strength to strength since we teamed up with them.
I have been using the services of Phillips & Co for a number of years for three businesses that I own, one as a sole trader, one as a partnership and the other as a limited company. I have found Phillips & Co to be extremely reliable, efficient and most importantly, easy to communicate with. I have recommended Phillips & Co to others and have had very positive feedback with a number of them engaging Phillips & Co as their accountants.
We’ll provide you with all the services your business needs to grow. That’s not just accounting, tax and VAT services, but a wide range of other business services too. At all steps along the way we will explain to you which services you may require and why. For costing purposes, we can then quote for each individual service or group them as part of a package, depending on client preferences. We use industry leading accounts, tax, bookkeeping and payroll software to provide the highest quality service.
As chartered certified accountants, our experience and knowledge helps us understand our clients’ businesses, allows us to work closely with them and complete accounting assignments to agreed timescales and with an agreed fee structure.
Many landlords are moving their properties into a company and purchasing any additions to their portfolio through the company. This may be the best course of action for some, however, the options need to be evaluated on an individual basis.
At Phillips & Co, Our accountants and financial advisors prepare business management accounts, budgets and forecasts. We meet regularly with our clients to provide financial advice and discuss their business development goals.
The financial aspects of running a new company, and such matters can often appear daunting. The support of a firm of experienced accountants who specialise in helping startups find their financial feet, can be priceless.
With our bookkeeping service you can go about your business safe in the knowledge that you will receive accurate and professional reporting of your business affairs using the cloud based accounting software KashFlow.
Payroll is the sum of all financial records of salaries, bonuses and deductions for an employee. From a business perspective, payroll is a key area as employees are very sensitive to payroll errors and issues.
01244 220 062
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The latest tax news from Phillips & Co Accountants Chester
Applicants for third SEISS grant will face new test, warns ICAEW
26 November 2020 Applicants for the third Self-employment Income Support Scheme (SEISS) grant will face a new test as the government tightens eligibility criteria, warns the Institute of Chartered Accountants in England and Wales (ICAEW). The guidance for the third SEISS grant has been published ready for the portal to open for claims on 30 November. To qualify for SEISS grants, businesses must be adversely affected due to the coronavirus (COVID-19). They must either be currently trading but be impacted by reduced demand, or have been trading but be temporarily unable to do so.
Real Living Wage increases across the UK by 20p to £9.50 per hour
16 November 2020 The Real Living Wage (RLW) has increased to £9.50 per hour across the UK. The Living Wage Foundation, the charity which sets the voluntary wage, has raised the national Real Living Wage rate by 20p to £9.50 an hour. The London RLW has risen by 10p to £10.85 per hour. The increase will benefit over 250,000 people working for almost 7,000 Real Living Wage employers throughout the UK, according to the Foundation. The UK rate is 78p per hour more than the government minimum wage (for over 25s), and the London RLW is £2.13 per hour higher.
From 10 November you can top up your existing bounce back loan
09 November 2020 The scheme helps small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000. The government guarantees 100% of the loan and there won’t be any fees or interest to pay for the first 12 months. After 12 months the interest rate will be 2.5% a year. The scheme is open to applications until 31 January 2021. If you already have a Bounce Back Loan but borrowed less than you were entitled to, from 10 November you can top up your existing loan to your maximum amount.
The information on this website is intended for guidance only. It is based upon our understanding of current legislation and is correct at the time of publishing. No liability is accepted by TPP Accountants T/A Phillips & Co Chartered Certified Accountants for actions taken in reliance upon the information given. Furthermore, this website contains links to external sources of information which we believe you will find useful. However, we are not responsible for the content or integrity of any external websites and, as such, accept no liability for any viruses or malware connected to those sites and any resultant damage caused. Phillips & Co Accountants Chester.