Preparation key to taking stacks out of tax

King of the castle

We all know how annoying it can be when you have a big pile of papers that just doesn’t seem to go down, when you just throw another thing onto the pile and it gets bigger and bigger. This way a “to-do list” can very quickly become an “I’ll deal with that later” list.

If you’ve ever gotten around to tax time and gone looking for that one receipt that you know you had somewhere, but can’t for the life of you remember where, then you know why Shoeboxed exists.

Etax Accountants list some of the four most common tax return mistakes, these being: using estimates rather than actual figures, not declaring overseas income, incorrect rental property deductions and not keeping accurate records as evidence.

A majority of these common problems can be helped by keeping accurate records of receipts and storing them safely.

The shoebox in the cloud

Shoeboxed lets you photograph receipts and important documents using any tablet or smartphone, then have these stored in the cloud.

In addition, your Shoeboxed data is searchable, so that you can find any receipt you need on short notice.