What records do I need to keep?
Keeping records makes sound business sense and is a legal requirement, so it is important to get a proper system in place from the outset and to update the information regularly.
It is your responsibility (even if you make use of an accountant or tax adviser) to make sure your tax returns are completed accurately and received by Her Majesty's Revenue and Customs (HMRC) in time.
HMRC provide some guidance on record keeping, and I have provided some links to their website resources. However, it is often better to talk it through with an experienced accountant who can help you set up the records you need, tailored to your business. For an initial discussion give me a call or drop me an e-mail.
Links and downloads: