21/05/2026
What records are required?
When you’re claiming expenses, bank statements alone aren’t enough, they show money going in and out but not what was actually purchased or whether it was business-related.
To support your claims, you need to keep records for at least 7 years such as receipts, invoices or agreements.
At the end of the day, the responsibility sits with the taxpayer, not your accountant. We’re here to help and we’ll always guide you on what’s needed and we’re here to make it as simple as possible.