5 TIPS – Record Keeping for Business

VERY IMPORTANT TO CONSIDER IF YOU ARE: thinking of starting a business the owner and responsible for keeping the business records responsible for managing the records of small businesses; for example, you are the bookkeeper or a tax agent Tip 1 Legal RequirementIt’s a legal requirement that you must keep good records. The law states you must keep business records for– for 7 years after they have been prepared or the transaction completed, whichever occurs latest– in English or a type of form

 



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