Bees Boutique Accounting’s Post

We get it! After finally filing a complicated and stressful tax return, nothing sounds better than packing last year’s financial records in a box, “filing” them in the nearest dumpster, and never thinking about them again. Don’t do that! Generally speaking, you will need to keep your tax records between for three and seven years, including the paper and electronic records that support your tax return, like receipts, bank statements and investment account statements.  Failure to keep a paper trail for the information provided on your returns could lead to problems if you’re audited. By keeping these important documents, you’re not just complying with legal requirements; you're also setting yourself up for financial success and peace of mind. Have a bookkeeping question? Drop them in the comments below! . . . #TaxTip #Receipts #VirtualBookkeeping #RemoteBookkeeper #BookkeepingPro #Bookkeeper #BookkeepingTips #Accounting #Bookkeeping #CloudBookkeeping #BusinessOwner #EntrepreneurLife #Entrepreneurship #SmallBiz #TaxTime #TaxTips #TaxHelp

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