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Did You
Practice No.
13444
Bookkeeping
Bookkeeping is simply the meticulous recording of the daily transactions that occur in your business in a way that clearly illustrates income received and expenses incurred.
Bookkeeping is not just for the self-employed; anyone who is required to complete a Self Assessment tax return must keep such supporting records by law. Steep penalty fines of up to £3,000 may be imposed where records are found to be inadequate.