Bookkeeping services are instead an obligation than a luxury. UK based small businesses are liable to a fine of up to £3,000 and director’s can face disqualification from the post of company director in future if books are not kept adequately.
It is essential to keep the receipts and invoices used in all business dealings to ensure real and fair small business operations. You are obligated to keep a detailed record of all assets owned and all debts which your company owes or owed to.
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