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Client Entertainment and Hospitality
Client entertainment means the provision of free or subsidised hospitality or entertainment. The person being entertained may be a customer, a potential customer or any other person. I was talking with a client and he mentioned that he was having a coffee in a famous coffee shop and bumped into one of his own clients. They got talking about business and my client ended up buying a coffee and... -
Record Keeping and HMRC
Record Keeping and HMRC A question I frequently get from clients is – What records i need to keep for tax purposes? What should i keep? Examples of the types of records you need to keep to prove your income are items such as sales invoices, till rolls and paying-in slips. For expenditure, you should retain records such as receipts, purchase invoices and cheque book stubs. Other documents you...