Who it’s for
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Sole traders and freelancers
Especially if you now need to keep digital records for Making Tax Digital for Income Tax.
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Limited companies
Accurate books are the basis of your annual accounts and your Company Tax Return.
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Businesses behind on their records
We can bring your books up to date before the next deadline.
Our bookkeeping services
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Transaction Recording
We meticulously record all business transactions, ensuring accuracy and completeness in your financial records.
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Financial Management
Our services keep you ahead of your finances, providing real-time insights and helping you make informed decisions.
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Receipt Classification
We oversee the classification of hundreds of different receipts, making sure everything is organised and easily accessible.
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Timely and Accurate Solutions
Our bookkeeping solutions are delivered promptly and with precision, ensuring your financial data is always up-to-date.
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Customised Support
We tailor our bookkeeping services to meet the unique needs of your business, regardless of its size or nature.
How we work
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Set up your records
As a Xero Platinum Partner we can set up cloud bookkeeping and connect your bank feeds, or review the records you keep now.
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Record and classify
We record your transactions and classify receipts, so everything is organised and easy to find.
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Reconcile with your bank
We match your records against your bank statements, so the figures are accurate.
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Keep you up to date
You get a current view of your finances, ready for VAT returns, tax returns and year-end accounts.
What we need from you
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Bank statements or bank feed access
For every account the business uses.
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Invoices and receipts
Copies or photos of sales invoices, bills and receipts.
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Loans, equipment and drawings
Details of loans, equipment purchases and money taken out of the business, so they are recorded correctly.
Key dates and figures
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5 years
How long sole traders must keep records after the 31 January submission deadline for the tax year they relate to.
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6 years
How long limited companies must keep accounting records, from the end of the financial year they relate to.
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Digital records
Required for every VAT-registered business under Making Tax Digital, and for sole traders and landlords with qualifying income over £50,000 since 6 April 2026.
Figures and dates as published on GOV.UK for the 2026/27 tax year. They can change, usually at a Budget or in April.
Frequently asked questions
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Why keep books through the year?
Year-end accounts are only as good as the records behind them. Keeping your books up to date avoids a scramble before deadlines and gives you figures you can actually use.
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Can you move my bookkeeping to Xero?
Yes. As a Xero Platinum Partner we can set your business up on Xero, with bank feeds bringing transactions in as they happen.
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How long do I need to keep receipts?
Sole traders must keep records for at least 5 years after the 31 January submission deadline, and limited companies for 6 years from the end of the financial year. Records can be kept on paper or digitally.
Other services
Have a question about this service?
Call 020 3417 4242 or email info@piyaaccountancy.co.uk, and we will explain what is involved and what happens next, in plain English, before you commit to anything.
