Today’s Legal Minute for Small Businesses: Do you keep receipts for business expenses? If not, you should be keeping receipts. As I explained in one of my FAQs, the IRS requires that you keep many different kinds of receipts. In addition, if you ever get audited having receipts will help prove your expenses. To keep your receipts organized, you can use a program such as NeatReceipts or keep your receipts in some kind of filing system. If you have questions about what receipts to keep or how to store them, please feel free to contact me, your Denver business lawyer, at 720-258-6647 or Elizabeth.Lewis@eclewis.com.
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