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Papers Away Tax records weighing you down? Switch to electronic storage.

By Joan Szabo

Opinions expressed by Entrepreneur contributors are their own.

Are all those paper tax records overwhelming you? If so, now maybe the time to switch to electronic tax record keeping. Documentmanagement and imaging systems allow you to electronically storetax records and all documents involved in preparing a tax return.Electronic record keeping not only saves time, but also trimsexpenses by saving on paper and office space, and improves securityand 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 ownequipment and use an in-house system.

With a Web-based service, you pay a monthly subscription fee,which allows employees to scan tax records into a computer daily,weekly or whenever necessary, and search and retrieve those taxrecords. The fee also covers record storage, help-desk support andtechnical maintenance. Using a Web-based service means there'sno maintenance or support worries, and your equipment expenses arelimited to acquiring a scanner.

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