10/06/2022
Do I need to keep receipts?
Supporting documents include sales slips, paid bills, invoices, receipts, deposit slips, and canceled checks. These documents contain the information you need to record in your books. It is important to keep these documents because they support the entries in your books and on your tax return.
The IRS doesn’t require you to keep most receipts under $75, but small business owners should maintain proper records as backup documentation for tax deductions.
Call us today to learn more about our services.
https://davesbookkeeping.com/
Phone: (267) 212-6491
Dave’s Bookkeeping and Tax Service LLC has been providing our clients in the greater Quakertown area with first-class accounting services since 2020. We take care of all of your financial needs so you don’t have to, leaving you free to focus on the rest of your life. Whether you are starting a b...