Here is the TLC guide to record keeping for sole traders, partnerships or limited companies:

We all know we need to keep records right, otherwise the taxman will impose penalties on us. So, here is a little recap of the time limits:

If you’re a sole trader or partnership, you need to keep all your receipts and invoices for 5 years after the 31st January of the relevant year. eg for the accounting year 2013/2014 you need to keep them until after 31st Jan 2020.

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