Fun, mom-geared work-at-home tips and advice on making money on the net.

Keep Business Records in Basement – Think again READ

Posted on October 22, 2006 | 1 comment | Filed in Uncategorized 
 

As I type this I am in the middle of photocopying 3 years worth of my business financial recipts and documents. I had them stored in the basement. The basement flooded last night. And I had foolishly kept my old records in cardboard boxes on the floor.

You need to keep receipts for your business in case you ever get audited. So I am making copies of my soaking wet papers so if the IRS man ever comes, he’ll have the stuff he needs.

So my tip to you is, if you MUST keep any of your business records in your basement, pay the extra money to get plastic containers to store them in.

Just one of those hard learned lessons in business.

So, after I finish copying 2003-2005 of my business, I’m off to Office Max to get plastic containers to hold my old business files in.

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COMMENTS

One Response to “Keep Business Records in Basement – Think again READ”

  1. Nell Taliercio on November 1st, 2006 5:35 am

    UGH, what a mess huh? :( Thanks for the heads up though. Funny what you don’t think about or what you think won’t happen to you.

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