Episode 20: Is Your Record-Keeping HMRC-Ready — Or Just a Shoebox of Hope?

Send us Fan Mail (https://www.buzzsprout.com/2553269/fa...) In episode 20, Annie talks about what HMRC actually expects from you as a sole trader when it comes to record-keeping.  Because most bakers have a vague sense they should be keeping records without really knowing what that means in practice — or quite how long they need to keep them. The episode covers: • What HMRC requires (and what it doesn't) • The five-year rule and why it matters more than most people realise • What counts as a record for both income and expenses • Five questions to honestly assess whether your current system actually works • Why the bakers with the least financial stress aren't the most organised — they're the most consistent This isn't about having a perfect system. It's about having one that exists and works for your real life. Want to go deeper? April is finance month inside the Home Baking Business Academy. We're covering record-keeping and expenses, tax changes and MTD in practice, National Insurance and payments on account, and a full step-by-step Self Assessment walkthrough — designed specifically for home bakers, in plain language.  Join The Home Baking Business Academy Membership https://anniebennett.co.uk/the-home-b... The start up guide which includes the finances guide: https://anniebennett.co.uk/#subscribe For free tips, insight and real-world business talk: Follow me on social media   / thehomebakingbusinessacademy     / thehomebakingbusinessacademy     / hbbacademy     / annie-bennett-hbba   For her website with all this and more: anniebennett.co.uk (http://anniebennett.co.uk) Support the show (https://www.buzzsprout.com/2553269/su...)