INITIAL RESULTS By: Caroline

Initial results from the HMRC “test and learn” phase of its Business Records Check (BRC) initiative are being monitored, as businesses receive letters after the BRC visit. It would appear that HMRC has a template letter and recommends improvement in common areas across the board, such as sales invoices with consecutive numbers, maintained cash book, mileage logs, drawings records etc, all written up at least weekly.
Get the bookkeeping basics right and you should have nothing to fear from the visit.
If you would like Haxton to help assess your records and recommend areas for improvement please contact Haxton Chartered Accountants West London.