19th January 2015

TLC Loves – Record Keeping, Saving Time and Trees

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 […]