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hello and welcome to this HMRC webinar about record-keeping for the self-employed this webinar will cover setting up a record-keeping system what to record how long to keep records and record-keeping mobile applications it doesn't matter whether you start working for yourself as a plumber child minder electrician or odd job man it's important to put in place a good record-keeping system that you keep up-to-date regularly before we look at your options for setting up a record-keeping system and how having a good system in place can help you I'd like to take a few minutes to explain a couple of terms you might not be familiar with you'll come across these terms when you come to complete your self-assessment tax return and you'll need to bear them in mind when keeping your business records accounting periods you should organize your business records in accounting periods an accounting period is the length of time that you'll record details of business income and business expenses for exam

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