skip to main content
  • Business Intelligence
  • Growth
  • Customers
  • Productivity
  • Business IQ
  • Trends
  • Success Stories
  • Tech
  • Awards
  • Business Tools
  • Subscribe
  • Tech Enquiry
  • Productivity

    Preparation key to taking stacks out of tax

    Smarter Staff
    Smarter Writer

    This article has been written by the Smarter Business™ Staff Writers

    Smarter Staff
    Smarter Writer

    This article has been written by the Smarter Business™ Staff Writers

    For many of us, tax time means digging through shoeboxes and gloveboxes of receipts and paper invoices, if you’re not preparing for it all year round. Luckily, there’s an app for that.

    Let’s say that you get 10 taxable receipts per day. For most small business that would probably be very conservative. If you then file away those receipts that is 50 per five-day working week, or 2,600 receipts to save each year for tax time, which can take some organisation if you’re not vigilant throughout the year.

    If each receipt is about eight centimeters long, then over the course of a year you can amass more than 200m worth of receipts.

    That’s where apps like Shoeboxed™ come in. Shoeboxed aims to help you cut down on this large amount of paper, taking your mountains of deductions and storing them safely in the cloud as you go, without the hassle of the pre-tax rush.

    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.

    There is an app for everything today.

    Shoeboxed is your personal filing cabinet to keep all of your important documents.

    Find Out MoreThere is an app for everything today.

    Customer Experience
    Customer Experience
    Shipping and delivery fundamentals: How to choose a shipping cost method

    If you’re selling a product online, shipping and delivery (and the communications around these things) are a crucial part of a customer’s experience of your business. In this f...

    Explainer: Decode the latest business tech terms from A-V

    This is your go-to resource for understanding tricky tech terms - feel free to bookmark this page for future reference.

    Business IQ
    Business IQ
    How to prepare your small business for a cyber security health check

    Cyber security, or technology in general, may or may not be your jam but as a small business, ensuring your digital space is secure and knowing how to prevent cyber attacks for...

    Working flexibly - the remote working technology you need

    Working flexibly is today’s norm. The Covid-19 pandemic has forced millions of people around the globe to work from home. And, without the combination of today’s remote working...