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What Are the Legal Requirements for Sole Trader Bookkeeping?

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As a sole trader in the UK, there are specific legal requirements for bookkeeping that must be adhered to in order to comply with tax laws and avoid penalties. Sole traders are legally required to keep accurate financial records of all business income and expenses, including invoices, receipts, and bank statements. These records must be kept for at least five years after the 31 Januar... https://xactaccountants.co.uk/services/bookkeeping/

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