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#EveryoneNeedsaPlan To Understand Digital Recordkeeping for Their Business
Posted by G. Dean McKinnon
on 24 March 2022
As most businesses transform their recordkeeping from paper-based to digital, it is sometimes difficult to understand what the legal requirements are for recordkeeping.
Luckily, the ATO have kindly provided guidance as to what they require in terms of digital record keeping. What the ATO will accept and ensure that you are complying with their requirements. It is important to understand your requirements so that in the event the ATO need you to prove tax deductions, you will be prepared.
Vicky offers comprehensive financial control services for McKinnon Financial Services' Total Service Clients, including comprehensive and detailed recordkeeping, to make sure our business clients comply with all expectations from the ATO and any other entity requiring records. So if you need help with your business recordkeeping, do not hesitate to contact us and arrange your free initial appointment to discuss your requirements in more detail.
Luckily, the ATO have kindly provided guidance as to what they require in terms of digital record keeping. What the ATO will accept and ensure that you are complying with their requirements. It is important to understand your requirements so that in the event the ATO need you to prove tax deductions, you will be prepared.
Vicky offers comprehensive financial control services for McKinnon Financial Services' Total Service Clients, including comprehensive and detailed recordkeeping, to make sure our business clients comply with all expectations from the ATO and any other entity requiring records. So if you need help with your business recordkeeping, do not hesitate to contact us and arrange your free initial appointment to discuss your requirements in more detail.
Author:G. Dean McKinnon
| Tags:Business PlanningTax |
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