![]() To stay legally compliant and avoid legal problems, it’s a good idea to organize all your paper receipts until you don’t need them.įirstly, because you may be subject to a financial audit. Organize paper receiptsĪccording to the IRS (Internal Revenue Service), small business owners or self-employed are required to keep the records of business expenses for the period of 3 years. Not only will this save you a lot of time, but it’ll also ensure all of your receipts can be found in one place. But once you’ve uploaded all of your paper receipts, consider switching to a digital receipts tool that can make and send customized receipts to your customers. You never know when you’ll need that receipt from a lunch with a client that you had a year ago, or the invoice for your services. ![]() What’s more, you can get rid of all the papers after the required time of 3 years and still have all documents and receipts at hand.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |