How can I organize my tax receipts effectively?
You can start by categorizing your receipts into different sections like business expenses, personal expenses, and deductions.
What tools can I use to keep track of my receipts?
There are several apps like Expensify, Shoeboxed, and even simple spreadsheets that can help you track and organize your receipts.
Should I keep physical copies or is digital enough?
It's best to keep digital copies for convenience, but retaining physical copies for important documents is advisable.
How long should I keep my tax receipts?
Generally, it's recommended to keep tax receipts for at least three years, but some documents may need to be kept longer.
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