This varies based on the service, but in the UK, the general rule is that you need to keep records for 6 years. We will let you know exactly what you need whenever a reporting period is ready to be prepared, but you if you would like to know in advance you can read our "What records do I need to keep?" post for more detail.
As a brief summary, keep a digital copy of all paper expenses at a minimum, e.g. using a Google Drive. Ideally, file any electronic invoices/emails into a single folder for easy retrieval. For personal taxes, keep all of your end of year employment documents (e.g. P11D, P45, P60), any end of year interest statements from non-ISA bank accounts, and a record of any income that is not taxed at source (e.g. rental income, sales of shares outside of ISA accounts, Sole Trader work, etc).
If you're after a bit of advice and not ready to commit to an accountant, you can book a consultation call with us.
Ahead of the call you can fill in a questionnaire to grab the basic details about your business so we can spend our time discussing higher value points. We can cover a range of topics including:
The call is 15 minutes.
Not strict. If we have a couple minutes of chit-chat about recent global pandemics, we'll add this on at the end. We leave a 15 minute buffer after calls to accommodate this.
If you come onboard as a client your fee is credited back to your account.
What is the cost?
The consultation call is £50, including VAT.
What if I just want to ask about your services?
In this case, please get in touch by submitting a message on the Instant Quote form.
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