Record keeping – working throughout the year

The best way to prepare is to keep diligent records throughout the financial year. Keep a track of all your expenses – office costs, phone bills, stationery and repair call outs linked to your business can all be claimed back. If you lose receipts, get into the habit of taking photos of them and emailing them to yourself or saving them online using software. Keeping everything in one place will save you time in the long run.