Tag: IRS Receipt requirements
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Expense Management for Small Businesses: How Solopreneurs and Growing Teams Can Stay Organized
Staying on top of business expenses might seem simple at first—especially for solopreneurs or teams just starting out. But as your business scales, expense management can quickly become a source of stress, confusion, and missed opportunities. Whether you’re running a one-person operation or managing a lean but growing team, having a system in place for…
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What Does the IRS Consider a Valid Receipt? Paper vs Digital Receipts
As a freelancer, solopreneur, or small business owner, you know tax season can either be a breeze or a nightmare. One of the most common sources of stress? Receipts. You’ve probably asked yourself more than once: “What does the IRS actually consider a valid receipt?” And in today’s digital-first world, another question naturally follows: “Are…
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Does the IRS Require Receipts Under $75? Here’s What You Need to Know
When it comes to taxes and deductions, small business owners, freelancers, and self-employed individuals often walk a fine line between efficiency and compliance. One of the most frequently asked questions during tax preparation is:“Do I need to save receipts for every expense, even the ones under $75?” The short answer is: not always—but you probably…