Bookkeeping and Business Tips


Bookkeeping and Business Tips -Bitesize

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November 2008

Are you aware that if the Inland Revenue find that you do not keep adequate records, such that your tax liability can be correctly identified, you will have a problem.

If your bookkeeping does not provide the detail and backup to your accounts sufficient to satisfy your Inspector, then the Inspector can decide what he feels is reasonable!!!

And you will have no basis to argue!!!

Good bookkeeping is the surest way to make sure you pay the least tax legally permissible.