ExpenseDocs is a virtual solution that allows businesses to track, document and report expenses, mileage, appointments and business trips and store them safely in case of an audit.
Round Rock, TX - March 9, 2012 -- Many small business owners are frantically seeking a solution to the stress of tax time. Sorting receipts on the kitchen table has become an annual ritual when preparing tax returns. And making things worse, many valuable receipts are lost resulting in a deduction not taken.
What does that mean for a tax payer; they deduct too few legitimate deductions and pay too much in taxes.
ExpenseDocs is a virtual solution that allows businesses to track, document and report expenses, mileage, appointments and business trips and store them safely in case of an audit.
Simplifying Documentation
With this virtual business solution, tax payers can easily and securely track and document expense data, receipts, mileage and business trip information. It is so easy to use that there is no manual required.
One example of the simplicity of use is the ability for tax payers to take a picture of a receipt with their phone and email it into their ExpenseDocs account. Result - no more lost receipts or proof of and expense if audited.
ExpenseDocs accounts are also accessible from virtually anywhere since it is ‘in the cloud’. Access can be gained from an iPad, smart phone, laptop or other internet device.
Maxmizing Deductions
By providing a complete solution to expense documentation ExpenseDocs users do not lose important expense information allowing them to maximize their deductions. Tax payers should never lose a deduction as a result of a lack of information.
The IRS requires a receipt, mileage log, appointment log and written description of the business purpose of business meals or entertainment to PROVE an expense. All of these documents can be lost or destroyed, but ExpenseDocs safely stores all of this information ‘in the cloud’.
Increasing Productivity
From January to the middle of April, many self-employed tax payers lose many hours laboring over the receipts they managed to save, recreating an expense record for the previous year. This is an inherent problem and one that costs small business owners hundreds of hours of productivity and hundreds of dollars in lost deductions.
ExpenseDocs users can prepare a categorized report of their expenses for the month, quarter or pervious year in about ten (10) seconds. No more lost time toiling at the kitchen table at tax time.
Media Contact:
Billy Braxdale
ExpenseDocs
106 S Harris, Ste 130
Round Rock, Texas 78664
512-585-7108
