Welcome to Phillips & Co
Chartered Certified Accountants in Chester
Specialising in Landlord and Property Accounts
01244 220 062
Important Information For Clients COVID-19 (Coronavirus) - Please Click Here
COVID-19 (Coronavirus) Guidance and Support for Businesses and the Self Employed - Please Click Here
Phillips & Co Chartered Certified Accountants are a firm of small business accountants in Chester specialising in landlord and property accounts. With over 40 years experience in helping small businesses grow, we have the expertise to help your business thrive. We understand the importance of communicating with clients because we know that no two businesses are the same and we use our experience to tailor our accounts, tax, bookkeeping, payroll and business services to each individual client. As a family-run firm of accountants in Chester we are passionate about helping local businesses succeed and be as tax efficient as possible.
What Our Clients Say
"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 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 provided the results needed."
Director - Jason Howard Photography Limited
"It is a pleasure to recommend the services of Phillips & Co. They have answered all my queries professionally and, to me more importantly, in a language I can understand. From a technical view point, their knowledge and understanding of my business has helped us with complex tax issues, hence saving my company money. Terry runs a very professional and friendly practice and I have no hesitation in recommending them as assets to any business."
Fairmitre (Shropshire) Windows & Conservatories Ltd
"Having worked with many accountants over the past 20 years whilst running my business, I can say without reserve that Phillips & Co have provided the most valuable, accurate and timely information of any accountants I have worked with. Questions are always answered swiftly and succinctly, allowing a degree of financial management that has really moved my business forward. I highly recommend Terry and the rest of the team at Phillips & Co unreservedly."
Director - Desarch Limited
Latest Tax News
New Measures to SME Loan Scheme
The chancellor, Rishi Sunak, is extending the Coronavirus loan scheme for small and medium businesses who have been affected by the disease. Mr Sunak has extended CBILS to all viable small and medium business who have faced financial difficulty during the Coronavirus pandemic. The government is also stopping lenders from requesting personal guarantees for loans under £250,000 and making operational changes to speed up lending approvals. Since 23 March, around 1,000 loans worth around £90m have been processed.
IR35 Changes Postponed
As part of the package of measures aimed to help people as a result of COVID-19, HM Treasury have said they intend to postpone the introduction of the off-payroll working rules to the private sector. The extension of the off-payroll working rules was due to commence on 6 April 2020. The start date will now be deferred to 6 April 2021. Speaking in the House of Commons, Chief Secretary to the Treasury Stephen Barclay stressed that this was a deferral, and not a cancellation, to help businesses and individuals in response to the ongoing spread of the virus.
All the key points from Rishi Sunak’s first budget, including:
Fuel, beer, wine and spirit duties all frozen,
Business rates discount for pubs at £5,000 this year only, National Insurance threshold to rise from £8,632 to £9,500, saving a typical employee £104 annually, Corporation Tax remains at 19% and will not be cut to 17%.
Research and development investment will rise to £22bn annually, reducing the lifetime limit for Entrepreneurs' Relief from £10m to £1m - saving taxpayers' £6bn.
Call us on: 01244 220 062