Discussion:Client bookkeeping and tax records
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| 28 September 2007 | |
| What do you keep copies of and for how long? i.e. do you copy everything, including receipts, etc.?
Thanks, Michael | |
Bottom Line (talk|edits) said: | 28 September 2007 |
| No way would I copy receipts. I do keep copies of things like W-2's and payroll tax reports. I also keep copies of tax returns, correspondence, memos, etc especially if there's a possibility of a CYA later. (Why do I owe so much tax? Because you didn't make the quarterly estimated payments like I told you to.) Others on this forum have gone to a paperless office where everything is scanned. Also remember to have some system of off-site backup. | |
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