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Becoming self-employed is an exciting step, it offers freedom, flexibility, and the opportunity to grow your own venture. But with independence comes responsibility, and one of the most important (and often dreaded!) is filing your tax return. At SW&P Accountancy, we believe in empowering self-employed individuals with the knowledge to take control of their finances. … Continued

Managing your business finances is essential, but it doesn’t have to be overwhelming. At SW&P, we support businesses across the UK in streamlining their accounting systems and staying compliant with HMRC regulations, including Making Tax Digital (MTD). To help you stay on top of your expenses, here’s our list of the top 10 accounting tools … Continued

From 6 April 2025, HMRC is making important changes to the tax treatment of double cab pick-up trucks. These vehicles will be reclassified as cars for both Benefit-in-Kind (BIK) and capital allowance purposes – significantly increasing the tax burden for both businesses and employees. Double Cab Pick-Ups Reclassified as Cars Currently, many double cab pick-ups … Continued

Running a small business comes with its fair share of challenges, from managing cash flow to navigating tax regulations. But with the right accounting habits, you can stay compliant, improve profitability, and make smarter decisions for long-term growth. At SW&P Accountancy, we work with small businesses every day, helping them build strong financial foundations. If … Continued

Client Overview  Bobble Digital is a fast-growing digital marketing agency that specialises in delivering performance-led campaigns across paid social media, SEO, and PPC. As the business scaled, they needed a forward-thinking accountancy partner who could support their ambitious growth plans. That’s where SW&P Accountancy came in.  Background  Bobble Digital was referred to SW&P through multiple … Continued

Whether you’re a sole trader, a growing SME, or an established business, accurate accounting is the foundation of long-term success. But even the most diligent businesses can fall victim to common accountancy mistakes, errors that can lead to cash flow issues, HMRC penalties, and missed opportunities for growth. At SW&P Accountancy, we’ve helped hundreds of … Continued

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.