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Save
Those Receipts
Do you know that you should
be saving ALL your business receipts for tax write-off purposes? Whether
you are buying stamps to mail out catalogs, or purchasing a new ink cartridge
for your computer, you should be recording and keeping track of your purcahses
and keeping all your receipts.
Of course, moms are busy, so
at the very least you should handwrite a note on your receipt with "stamps
for mailing twenty catalogs" or whatever it was used for. Don't trust
that you will be able to remember what you bought at the office supply
store for $36.99 a year after the fact, because no matter how good your
memory is, you won't.
You should also keep all your
receipts somewhere safe (and make sure you keep all those receipts in
the same somewhere safe, or else you will be coming across stashes
of old business receipts years after the fact).
If you keep all the receipts
in a file or shoebox, keep in mind that it will be a horrendous chore
to get them ready for you or your accountant come tax filing time - the
more you prepare ahead of time, the easier it will be later on.
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