May 14 2012.

Whether you're self-employed, a partnership or limited company, you can find out what records you should be keeping by completing a simple set of questions on the government's Business Link online resource for businesses.

The site contains essential information, support and services for businesses, whether a large organisation or someone starting up, the record-keeping tool identifies the records you must keep as a business and assesses how well you are keeping them.

The tool works in two ways. If you are thinking of starting up, it will ask you a few simple questions about what you are doing before providing a list of the records you will need to keep. This option only takes a minute or two to complete.

If you are already running a business, it will establish the records you need to keep and then ask you a series of questions about what records you currently keep and how you maintain them, before giving you feedback and advice on any improvements you may need to make. This option may take between five and ten minutes to answer all questions depending on the size and nature of your business.