Business Records Health Check
Do you struggle with keeping good business records?
How good are you at keeping your books and records up to date?
Do you know what information needs to be kept and how long for?
We can provide a Business Records Health Check service:
keep good business records
need to keep
needs to be kept for
If we prepare your financial accounts or bookkeeping, this health check will be included at no extra cost.
Health Check -
View how you currently keep your books & records
Create a simple, bespoke filing system for your books & records to cater for your businesses' requirements
Ensure you are keeping all the required records to HMRC standards, highlighting records which are missing or incomplete
Provide help & training with recording your income & expenses and any other key areas such as payroll and CIS
Factsheets issued for future reference detailing what records need to be kept and how to record the information
HMRC carried out a pilot scheme called the Business Records Checks (BRC) programme to ensure businesses are keeping adequate and accurate business records. This pilot highlighted how many businesses struggle with their records and record keeping.
The BRC programme has been put on hold at present, but is due to be rolled out later in the year.
HMRC did issue fines to businesses during the pilot who kept inadequate records.