Welcome to Phillips & Co
Accountants Chester
Small business accountants and tax advisors in Chester
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.
*Please note that due to current lockdown restrictions we are only able to offer Zoom or telephone meetings.*
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. Call Phillips & Co Accountants Chester on 01244 220 062 to see how we can bring you financial peace of mind. If you already have an accountant, the changeover is simple and we take care of it for you.
Let us guide you through one of the world’s most complex tax systems.
01244 220 062
Our aim is simple…to provide the best service we can for our clients. Phillips & Co Accountants Chester 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 Chester 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 Accountants Chester have supported our business with 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.
I have been using the services of Phillips & Co Accountants Chester 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 them to be extremely reliable, efficient and most importantly, easy to communicate with. I have recommended Phillips & Co Accountants Chester to others and have had very positive feedback with a number of them engaging them as their accountants.
Phillips & Co Accountants Chester will 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.
Accounting
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.
Landlord
Many landlords are moving their property portfolios into a limited company and purchasing any additional properties through the company. This may be the best course of action for some, however, the options need to be evaluated individually.
Business
At Phillips & Co Accountants Chester, 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 goals.
Value Added Tax
VAT is an increasingly complex part of running a business. Phillips & Co Accountants Chester provide specialist VAT services on a range of areas, identifying opportunities to improve cash flow and save time reclaiming VAT back.
Business Start Up
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.
Bookkeeping
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
Payroll is the sum of all financial records of salaries, bonuses and deductions for an employee. From a business and accounting 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
SEISS third grant open to applications until 29 January 2021
19 January 2021 The third of four taxable Government grants for self-employed individuals is now open. It covers the period from 1 November 2020 to the end of January 2021 with a deadline to apply of 29 January 2021. This is to ensure HMRC’s systems can cope with the volume of traffic – as the deadline for filing self-assessment income tax returns is 31 January 2021. You can get as much as £7,500. This is made up of 80% of three months’ worth of average monthly trading profits capped at £2,500 per month. HMRC looks at your tax returns from 2018/19, 2017/18 and 2016/17.
Taxpayers using Time to Pay to spread cost of tax payments
14 January 2021 Tax payments worth over £69 million are being spread through HMRC’s Time to Pay facility, according to the tax authority. HMRC said that nearly 25,000 self assessment taxpayers have set up an online payment plan to manage their tax liabilities in up to 12 monthly instalments. Last October HMRC increased the threshold for self-serve Time to Pay arrangements from £10,000 to £30,000. Once self assessors have completed their 2019/20 tax return and know how much tax they owe, they can use the self-serve facility to set up monthly direct debits.
Chancellor unveils £4.6 billion lockdown grant package
06 January 2021 Chancellor Rishi Sunak has announced a new £4.6 billion package of grants to support businesses through the latest national lockdown. UK businesses in the retail, hospitality and leisure sectors are to be given one-off grants worth up to £9,000. The payments are expected to support 600,000 business properties across the UK. A further £594 million will be made available to councils and devolved nations to support businesses not covered by the new grants. The Chancellor, Rishi Sunak, said: ‘The new strain of the virus presents us all with a huge challenge.
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