Have you thought about using your smartphone to help you with your record keeping?

If so, you may be interested in the new Record Keeping Apps. There is a list of these on HMRC’s website, although they are not endorsing them in any way.

It might be useful for those of you who are always out and about and need to record items of income and expenditure as you go. Although these are suggested for those who only complete very simple tax returns and who are not registered for VAT, they do not offer a proper bookeeping system, and may be best used as a supplement to an existing system. 

This blog was written by Lorraine Dale from Rightway Accounting Services. Do contact Lorraine for more information or if you need clarity on any of the points.