What records do I need to keep and how long do I need to keep them? 
 
This is one of the most common questions asked of accountants and bookkeepers. The answer is: IT DEPENDS! 
But it isn't that complicated really. HMRC have published a 4 page leaflet which clearly details what you need to keep in order to satisfy their rules whether you are a sole trader, partnership or limited company and whether you are VAT registered or not. It's easy to read and is a great start for anyone new in business but also a good check for those who have been in business for a while - things do change and you may even find that you don't need to keep as much 'stuff' as you thought you did. 
 
 
If you need any help sorting out your old or current paperwork, give us a call. It's what we do! 
And we can take away all the stuff you don't need and have it shredded securely at great rates. 
Tagged as: HMRC, Record Keeping
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