A Guide to Documents That You Must Keep
- Price: £3.60
- Published: September 2015
- Type: Business Information Factsheet
- Format: PDF
All businesses, no matter what their size, must keep certain records and documents to ensure they are operating legally. This includes tax, employee and health and safety records.
Certain documents must be retained as soon as you start a business, and some documents must be kept on an ongoing basis. Proper tax records, in particular, must be retained. Failure to keep the right documents can cost time and money and can, in extreme circumstances, lead to a jail sentence.
This factsheet details the essential records business owners should keep. It is not an exhaustive list of all the records that should be retained, but it highlights the rules that affect most firms. It also includes hints and tips and sources of further information.