Free Guide on
Many people who start their own business do so as a sole trader (sometimes referred to as a sole proprietor or sole operator) …
A guide to the Documents That You Must Keep
All businesses, no matter what their size, must keep certain records and documents to ensure they are operating legally. This includes tax, employee and health and safety records.
Certain documents must be retained as soon as you start a business, and some documents must be kept on an ongoing basis. Proper tax records, in particular, must be retained. Failure to keep the right documents can cost time and money and can, in some circumstances, lead to a fine or imprisonment.
This factsheet details the essential records business owners should keep. It is not an exhaustive list of all the records that should be retained, but it highlights the rules that affect most firms. It also includes hints and tips and sources of further information.
Share This Guide
You may also be interested in ...
Free Guide on
Organisations that handle personal data must comply with data protection legislation designed to …
Free Guide on
Food safety in the UK is enforced by various pieces of legislation.
Free Guide on
Any person who controls a business premises, or some part of it, is legally responsible for protecting users of the premises from fire …
Free Guide on
Starting up your own business is both exciting and rewarding, but for many people it can be a daunting experience …
Free Guide on
Every business needs to have a clear plan for where it is going and what it is trying to achieve …
