Work & Business guide

Keep business records ready for HMRC

Set up a simple system for income, expenses and receipts so your tax return is quicker, your figures are accurate and you are ready if HMRC asks questions.

Estimated time: 1–2 hoursUpdated: 28 September 2026

Use this guide if you are self-employed or run a small business and your paperwork is scattered. Have your bank statements, invoices you have sent, receipts for business costs and any accounting software login ready.

Step by step

  1. Separate business and personal money

    Use a separate bank account for your business if you can, even as a sole trader. This makes it much easier to see business income and expenses. Limited companies must keep company money separate.

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