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Window Cleaning Forum / Re: Tax records
« Last post by AuRavelling79 on Yesterday at 11:09:45 pm »I'm not a big business. I run a 20 year old car, a 14 year old van and a 44 year old motorbike, I keep accurate records. No expenditure on big ticket items that I can't explain.
If people are taking and not declaring cash then they may well suffer from the attention of HMRC especially if a disgruntled ex employee/subbie dobs them in.
Nothing in my financial life beyond 5 years ago that keeps me awake. If HMRC point to a significant expenditure from beyond 5 years ago I can explain what it was and how I got the money.
It wasn't from tax evasion that's for sure.
I'll take my chances in line with government rules. In a past life I was a Finance Director for 8 years. Dealt with accountants where I needed to and my dad was an accountant.
Others can do as they feel necessary.
If people are taking and not declaring cash then they may well suffer from the attention of HMRC especially if a disgruntled ex employee/subbie dobs them in.
Nothing in my financial life beyond 5 years ago that keeps me awake. If HMRC point to a significant expenditure from beyond 5 years ago I can explain what it was and how I got the money.
It wasn't from tax evasion that's for sure.
I'll take my chances in line with government rules. In a past life I was a Finance Director for 8 years. Dealt with accountants where I needed to and my dad was an accountant.
Others can do as they feel necessary.
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