Tag : Receipts

IRS Rules for Recording Business Expenses: Travel, Transportation, Meals and Entertainment A clear guide for business owners, self employed, independent contractors, freelancers, managers, accountants and others about IRS requirements for adequate recordkeeping of employee / contractor expenses.

post image

Adequate recordkeeping is important for both preventing an audit and being prepared in the event of an audit. Overall adequate recordkeeping is good for facilitating compliance with Uncle Sam. A great solution for adequate recordkeeping of expenses is Falcon Expenses, our well reviewed fully mobile solution for expense tracking and reporting, check it out when