This is a question we are asked very often. There is no simple answer to this. It depends on the type of business you run and the type of person you are. There are certain records you need to keep. However, you have several options how you keep these records. The following link will take you to a Business Link website that explains this area extremely well:
If you would like any further information, please do not hesitate to contact Southside Accountants Wimbledon & London.