You need to keep your receipts for expenses for at least five years after the 31 January submission deadline for the relevant tax year.
It helps to minimise paperwork wherever possible, so we recommend taking a picture of your receipts and storing these images away digitally. You can use cloud storage platforms like Dropbox or an expenses app like Expensify.
<p>You need to keep your receipts for expenses for at least five years after the 31 January submission deadline for the relevant tax year. <br></p><p>It helps to minimise paperwork wherever possible, so we recommend taking a picture of your receipts and storing these images away digitally. You can use cloud storage platforms like <a href="https://www.dropbox.com/features/cloud-storage" target="_blank">Dropbox</a> or an expenses app like<a href="https://www.expensify.com/" target="_blank"> Expensify</a>.</p>
Our small business accounting guide walks through absolutely everything you need to know if you're considering starting a limited company. From different taxes, limited company advantages/ disadvantages, how to pay yourself, and what your key filing requirements are.
- When to register a Ltd company
- When to register for VAT
- How to take money out of your company
- Dividend tax rates
- Limited company expenses & corporation tax
- Annual accounts and deadlines
Read more of our Small Business Accounting guides:
Book a free consultation to discuss your allowable business expenses.
Our limited company expenses guide talks through all the different expense categories you can claim for along with key examples and how this can impact your corporation tax.
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