Atkinson Accounts
In short, yes! Why? HMRC are able to carry out their investigation’s years after your submissions. If they are to investigate the amount owed, they will need your records! You can receive a fine for failure to comply with keeping your records for the required amount of time, so it is important you get this.
Although it feels as though the January rush has only just come to an end, we have in fact just passed the end of another tax year (5th April). With this, a lot of people have already begun receiving their notices to deliver a personal tax return by 31st January. Did you know that after.
Are you thinking of setting up your own business? Well then Congratulations! It truly is one of the most rewarding journeys you can begin. You’re doing something you love, whilst reaping the financial rewards and all whilst being your own boss. Before you even consider taking sales orders or opening your door to customers there.
Whether you are a small business owner or not, we are all used to seeing (and paying) VAT on the majority of our bills and receipts. VAT or value added tax is a tax based on the value of goods or services. VAT is charged when a VAT registered business sells goods or services to.
