Basic Record Keeping for the Self-Employed

I talk you through basic record keeping for self-employed businesses. I also go through everything you need to know to keep you legal and ensure you have the info you need when submitting your returns. Here is the template so you can do your own bookkeeping - https://www.annetteandco.co.uk/basic-... Time Stamps: 00:00 Intro 01:09 The two methods of accounting and record keeping 02:22 What records do you need to keep as a sole trader, as a partner in a partnership or as someone who is self-employed? 03:34 The expenses that are allowed as deductions to your income 05:38 Ways to do basic record keeping to produce personal tax returns If you’re struggling to understand the accounting for your business I’d love to help! Reach out to me at [email protected] and let me know how I can help! If you want me & my team's expert accounting and tax help, you can book a fitting call through our website → 🌏 https://annetteandco.co.uk/fitting ★☆★ OUR MISSION ★☆★ Our missing at Annette & Co is to support you to take more money home from your business for you and your family to enjoy. If you want me & my team's expert accounting and tax help, you can book a fitting call through our website → 🌏 https://annetteandco.co.uk/fitting 🚶FOLLOW ME ON: Facebook:   / ukannetteferguson   Twitter:   / annette_fergs   Instagram:   / annettefergs   Instagram:   / annetteandco_   🎬 KEEP LEARNING MONEY STUFF FOR FREE    / @annetteferguson-accountant   ________________________ *Affiliate Disclaimer: Note this description may contain affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. While this channel may earn minimal sums when the viewer uses the links, the viewer is in no way obligated to use these links. Thank you for your support! GENERAL DISCLAIMER Our videos are for general guidance, support and education in helping you understand accounting, tax, profit first and the numbers in your business. They in no way constitute specific advice to your specific circumstances. My team & I would be delighted to help you with your specific queries, accounting or profit first requirements through a formal engagement - you can book a call to discuss https://annetteandco.co.uk/fitting #businessrecords #selfemployedrecords #soletraderrecords