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Finance

Four Tips for Backing Up Tax Documents

Keeping your accounting records and other important business documents can be crucial in case your company is audited. Accountant Mark Kohler offers four tips to help you keep important tax documents organized and safe:

1. Scan documents at the end of the year and backup your QuickBook files.
2. Use a cloud server to store your files online.
3. Buy a fire-proof safe to store originals of your documents.
4. Save tax-related documents for up to six years.
 

Future Financial Challenges and Opportunities for Small Businesses