How to Keep Records for the Self Employed

How to Keep Records for the Self Employed

We found this quick but fairly in-depth guide aimed at self employed business owners about how to set-up a successful record-keeping system for VAT.

Guiding you through some of the basic steps involved, length of time to keep records for and what to record, and using mobile applications to help you get the job done, this is a great resource on HMRC’s YouTube channel that explains a lot in just over 2 minutes.

Ricky Steedman

Ricky worked as an Investigator in the Inland Revenue for over 20 years before founding Steedman & Company in 1987, giving him the experience and knowledge that enabled him to help so many clients over the years.

His appearance on a Channel 4 television programme about the inside workings of Revenue and Customs was watched by 4.1m which sealed his status as one of the most highly respected tax consultants to ever work in Scotland.

Ricky led all tax investigation and COP 9 cases, using his extensive knowledge to help people reach a positive resolution to their situation.

Ricky passed away suddenly and unexpectedly in June 2022 after leaving his indelible mark on the company he founded and headed for over 35 years.