Are your business records accurate?

October 21, 2014 admin Bookkeeping Advice 0 Comments

In business it has always been vital to maintain accurate business records. Accuracy is crucial in avoiding penalties by HM Revenue and Customs. You may be charged if you fail to keep records for the required amount of time, or if the record are inadequate. These charges also apply when submitting self-assessment tax returns. Follow our guidelines below to keep your business records accurate!


Bookkeeping mistakes to avoid!

October 21, 2014 admin Bookkeeping Advice Tags: , , 0 Comments

During the first year of operation accurate financial management is crucial to the success of your business. When running a business and faced with multiple daily tasks, bookkeeping often gets pushed to one side, resulting in a pile up of papers and bills needing to be paid. However, by avoiding some key mistakes, your business finances will be readily available for submission to an accountant.


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