After some time, the paperwork can become burdensome – there is also the issue of having to input the data.
In the UK, the tax authority HMRC now allows business records to be kept electronically – perhaps this is also allowable in your own territory?
[youtube http://www.youtube.com/watch?v=SK3dTff_j-A?rel=0&w=640&h=360]
James McBrearty is the founder & CEO of taxhelp.uk.com. He is a Fellow of the Association of Taxation Technicians, was featured in their 2009 Annual Review, and also serves on their Member Steering Group. He has been a Certified Accounting Technician since 1999 and has used Social Media in his business since 2008. James is the Author of two books, both of which have been endorsed by a New York Times bestselling author. He has a personal passion for aviation and is a qualified private pilot.
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