by Zoë Hopgood | Jan 14, 2026 | HMRC
Records You Must Keep By law, business owners must keep accurate records in a digital format. You are responsible for retaining: Sales invoices Purchase invoices Receipts Bank statements Payroll records You must: Keep your own copies Store them securely Retain them... by Zoë Hopgood | Jan 14, 2026 | HMRC
Your Responsibility as a Business Owner While accountants assist with preparation and submission, you are legally responsible for your tax affairs. This includes: Paying tax on time Reading HMRC letters Monitoring your HMRC gateway Contacting HMRC if you cannot pay... by Zoë Hopgood | Jan 14, 2026 | HMRC
Why You Cannot Claim VAT Without a VAT Receipt To reclaim VAT, HMRC requires a valid VAT invoice. No invoice = no VAT claim. A valid VAT receipt must include: Supplier name and address VAT number Invoice date Net amount VAT amount Total amount What is not acceptable:... by Zoë Hopgood | Jan 14, 2026 | HMRC
How to invite your accountant to Xero For your accounts to be prepared efficiently, your accountant must be invited into your Xero organisation with the correct permissions. What you need to do: Log into your Xero account Go to Settings → Users Click Invite a user... by Zoë Hopgood | Jan 14, 2026 | HMRC
No Documents = No Tax Return Accountants do not “make up figures.” If there are no documents, there is no tax return. Every tax return, VAT return, and set of accounts is backed by a legal declaration stating that the figures are true, complete, and supported by...
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