How long do I need to keep records for?

Keeping records makes good business sense! How long should you keep them? This really depends on the type of entity you are – whether you are a sole trader or a limited company. The general rule of thumb for a sole trader is that you need to keep accounting records for a minimum of 7 years.  However, if...

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Tax Free Childcare now for parents with children under 12

On 14 February 2018, the Government’s Tax Free Childcare Scheme was opened up to all children under the age of 12.  The new scheme helps working parents with the cost of childcare. It’s quick and easy to apply and parents could save thousands of pounds each year.  For every £8 parents pay into their childcare account, the government...

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Childcare support for the self employed

Did you know that the Government can help the self-employed with childcare costs? Tax-Free Childcare is a government scheme that helps working parents with childcare costs – from tax credits and tax-free childcare vouches, to free childcare. If eligible, self employed parents could receive up to £2,000 per child, per year to spend on childcare. To see if...

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Accountants247 Urmston

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