Self Employed – Keeping your Records
I can’t recommend it highly enough to self employed business owners, how important keeping good records is, but it tends to be ignored.
Keeping a good record of income coming in, and going out is very important to all parties. Yourself, your bookkeeper and not forgetting the HMRC. Keep hold of invoices and receipts
The HMRC can at any time ask to inspect the trail of records which could cause problems if they are unable to trace them.
A bookkeeper could obviously be charging you a higher fee if he has to sort out your records before he even starts. If you have to use an accountant the problem will be even more complex.
Go in to HMRC and have a look at their advice.
http://www.hmrc.gov.uk/sa/rec-keep-self-emp.htm
