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Hello, I’m Sara, a Chartered Accountant who transitioned into running an online business. I understand just how daunting and confusing it can be to take the leap into self-employment. The questions, the uncertainties, and the steep learning curve are all challenges I’ve faced myself. Whether you’re in the early stages of planning to go self-employed, just dipping your toes into making money on your own terms, or already fully committed, this blog is dedicated to helping you every step of the way. Through detailed guides, expert tips, and practical advice, I aim to be your go-to resource. From mastering financial management and navigating tax obligations to setting up the foundations of your business, I’m here to provide you with the clarity and confidence you need to thrive in your self-employment journey.

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HMRC Now Accepts Digital Copies for Business Records

Good news! HMRC has officially accepted that digital copies of invoices, receipts, and business records are now acceptable. This means you can store your records electronically without worrying about compliance.

There are numerous apps and scanners available that can simplify this process for you. Just ensure that whichever method you choose for storing your digital data, it is both secure and backed up reliably.

Read More: How to Choose a Bookkeeping System

How Long Should You Keep Copies of Your Invoices and Business Records?

You are required to retain copies of your invoices and business records for a period of 6 years.

Do I Need to Keep Paper Copies of Invoices?

  • The Ultimate List of Self-Employed Expenses You Can Claim

  • The Ultimate List of Self-Employed Expenses You Can Claim

  • The Ultimate List of Self-Employed Expenses You Can Claim

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