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Client Overview  Background  Dimension Digital is a Leeds-based content agency founded by Josh, a videographer dedicated to producing high-quality content that helps businesses grow online. Initially operating as a sole trader, Josh quickly realised that as his business expanded, managing finances and tax obligations became increasingly complex.  The Challenge  Before partnering with SW&P Accountancy, Josh … Continued

Discover how the April 2025 changes to National Insurance impact sole directors. Explore tax-efficient salary options and optimise payroll for your business.

Your VAT Questions Answered

If you run a business, it is highly likely you will be eligible for VAT. In this blog, we answer all your questions regarding VAT.

What is the construction industry scheme?

Contractors and subcontractors in the construction industry must abide by certain rules set out under the construction industry scheme.  This scheme allows the contractor to deduct money from a subcontractor’s payment and pass it on to HMRC.

In April 2019, the government introduced making tax digital.
This means businesses must keep digital records of their accounts and send quarterly or yearly updates of their VAT returns to HM Revenue and Customs (HMRC).

Whether your financial year ends on 31st December or 31st March, the end of 2024 is a good idea to start planning and thinking about your year end. This is a crucial step for any business owner or CEO as it will help shape the direction their business will take in 2025.

Our director Matthew Whelan has created the summary below of the Autumn Budget Statement.

Here are the key points from Chancellor Rachel Reeves’s “Autumn Budget” 2024.

I’ve been working at SW&P for just over two years now. In September 2022 I began my journey as an apprentice. I started my career straight from school at the age of 18, having completed my A-Levels

Self Assessment is a system HM Revenue and Customs (HMRC) uses to collect Income Tax. Tax is usually deducted automatically from wages and pensions. People and businesses with other income , must report it in a tax return.

If you have individuals working for you under a contract of employment, you must pay them via a payroll scheme, deducting PAYE, National Insurance etc where applicable, and submit these details to HMRC.