02/01/2022
Tip of the Day!!
Most tax departments require businesses to keep the documents that back up their tax claims for a minimum of 5 and often 7 years. These are documents such as invoices, receipts, wage records, etc.
๐ Below are four ideas on how to get well-organized and start a filing system for your business. ๐
๐ Issue your receipt a local keep area in your office and even if you donโt have time to sort them least each month you can find them.
๐ Also have an organized filing system in your computer as well, issuing folders for invoices, deposit records, HR and payroll.
๐ Backing up your work to an external hard drive will ensure you have backups of your documents. You can also use cloud based apps like drobox or google drive.
๐ Lastly having a password list or having them stored in apps like LastPass, google passwords, or last thing having them on a password protected excel worksheet.