The concise reference work for all small businesses, updated to 2016. The process of keeping accurate records which are acceptable to Her Majesty's Revenue and Customs, without the use of an accountant can and does often lead to problems. This fourth edition of the concise guide will prove invaluable for all those in business. The reader should find the process of bookkeeping and preparation of accounts made that much easier. No prior knowledge of accountancy or bookkeeping in general is assumed.