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Papers Away

Tax records weighing you down? Switch to electronic storage.

This story appears in the October 2004 issue of Entrepreneur. Subscribe »

Are all those paper tax records overwhelming you? If so, now may be the time to switch to electronic tax record keeping. Document management and imaging systems allow you to electronically store tax records and all documents involved in preparing a tax return. Electronic record keeping not only saves time, but also trims expenses by saving on paper and office space, and improves security and access to documents.

You have two options when going paperless with your tax records. You can choose a Web-based service, or you can purchase your own equipment and use an in-house system.

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