A business will have different types of tax to take care of the main ones being payroll tax sales tax and income tax.
Business filing system template.
The system for saving onto your computer s hard drive or saving to an online storage facility are the same the only thing different is the location.
Digital online filing system.
Keep the two types of information separate in your business filing system.
Filing receipts and invoices properly is one of the most important things a small business needs to do.
Bank statements cancelled checks bank reconciliations notices from and to your bank deposit slips and any loan related notices and documents.
A nonexistent or messy filing system can add days of extra effort at income tax time as you don t want to miss out on tax deductions because of missing receipts.
These field tested tips will help you get and keep your office filing system in precise working order.
Forms used in the business.
Receipts and invoices.
Here i focus on how to use a digital or online system to store all documents relating to the bookkeeping of a business.
However there is so much information available today it makes it a lot easier than it used to be.
If your business is ever subject to an audit and you are unable to produce the required documents in.
It can be huge.
File documents relating to these different types of tax into their own tax sections within the business filing system.
Payroll and employee information.
Business filing system template creating your office document system.