According to HMRC rules, if you are in business, you must keep records of;
It might sound a lot to keep on top of, and alongside the requirement to retain certain records for differing lengths of time things can become confusing. To help you out, here are the length of time certain records should be retained;
For a full and detailed list of requirements, please check the governments records https://www.gov.uk/running-a-limited-company/company-and-accounting-records
27 November 2019
HMRC recently published new guidance on the structures and buildings allowance (SBA) following changes to the rules. This includes important information about how to claim it.
11 November 2019
Even in this digital age some businesses remain heavily reliant on cash transactions. HMRC views these as high risk and as a result targets cash businesses with VAT enquiries, using special techniques to justify investigating them.
6 November 2019
The first big deadline for MTDfV is history and whilst there was a fairly high failure rate, it was not as bad as originally feared.
29 October 2019
BPR shelters the value of your business from the HMRC. The trouble is though, when you retire from your unincorporated business, the relief disappears immediately. CHW explain how you can preserve it.