TaxRelief Diary 2022/23

NEW EDITION April 2022 to April 2023. The TaxRelief Diary is an easy to use, clear and straightforward DIY book-keeping system for cash-based 'lifestyle' businesses. UK law requires you to keep business records which are good enough to enable you (or your accountant) to complete your tax return form. If your books are disorganised, full of gaps or non-existent, you’ll find it much more difficult and stressful to fill in your tax return; much more expensive if you pay an accountant to sort it out for you; and you may end up paying too much tax. The TaxRelief Diary will also help you protect yourself against a tax office investigation. If you don’t have proper records the taxman is entitled to estimate your income from any information available to him. But if you have a good set of records which you write up as you go along, you put the onus on the taxman to try to prove they’re unreliable. NB not suitable for VAT registered businesses.