Government provides free help for SMEs
- Published on Monday, 21 February 2011 10:38
- Posted by Roger Tolman
Free tools to help SMEs get their business records ship shape have been launched by HM Revenue Customs
The four new products are suitable for the self employed, sole traders and small businesses. They have been produced in advance of the launch of HMRC’s new Business Record Checks programme later this year, which will impose penalties for significant record-keeping failures.
Brian Redford, HMRC’s Acting Director, Business Customer Unit, said:
“In these tough times, keeping good records makes sound business sense.“It may seem like a challenge, particularly when you’re starting out, but keeping good records will bring real advantages to your business. Get a proper system in place and you’ll not only be confident that you are paying the right tax, but you’ll keep up-to-date with how much you owe suppliers and how much you are owed.
“Later this year, HMRC will start a programme of Business Records Checks that will look at the adequacy and accuracy of business records in SMEs to bring about a major improvement in the standard of record-keeping. Now is the time to invest a bit of effort to make sure your business records are perfect.”
There is something for everyone – from basic factsheets to online tools:
Source: ©HM Revenue &Customs;