If you’re tired of keeping your paper receipts to collate and give to your tax agent every year, consider these points:
- The ATO has begun to urge tax payers to keep electronic records – they have become big fans of scanning records as opposed to shoe boxing (or filing) paper records.
- Scanning receipts will eliminate the need to continually find space in the home or study or office for yet another year’s receipts and invoices.
- You don’t necessarily need a scanner – any and all smart phones have scanning apps and or cameras. You then only need to sync your phones or email those scans and pics to your PC!
TIP / WARNING:
Going down the electronic road is not only useful for many reasons; it will one day become the only way to keep records. HOWEVER – please ENSURE that you have appropriate backup systems in place! Electronic storage is only as good as your backup procedure. Consider the Cloud as well, as an alternative to an external drive.
Let me know should you need any further information about electronic storage and / or Cloud and / or backup systems available on the market today.
irene@igatax.com.au
Paper v Electronic Tax (and other) Records
If you’re tired of keeping your paper receipts to collate and give to your tax agent every year, consider these points:
TIP / WARNING:
Going down the electronic road is not only useful for many reasons; it will one day become the only way to keep records. HOWEVER – please ENSURE that you have appropriate backup systems in place! Electronic storage is only as good as your backup procedure. Consider the Cloud as well, as an alternative to an external drive.
Let me know should you need any further information about electronic storage and / or Cloud and / or backup systems available on the market today.
irene@igatax.com.au