Tag Archives: HMRC Compliance

The importance of getting R&D tax claims right

A recent First-tier Tribunal case involving Beer Express Ltd serves as a timely reminder that, in today’s R&D tax relief environment, how a claim is prepared can be just as important as the work being claimed. The company sought R&D tax relief for a number of projects, one of these […]

How Long Do You Need To Keep Business Financial Records For?

Filing cabinet containing business records

How long do you need to keep business financial records? Ever wondered about the optimal duration to retain those crucial financial records? Well, according to HMRC regulations, businesses are advised to keep their financial records for a span of 6 years post the accounting year end. However, the importance of holding […]