What receipts should I keep for tax purposes?
Short Answer: Keep receipts for major expenses and anything that would be hard to explain without proof.
Receipts support your deductions if questions come up. Digital copies are acceptable and often easier to manage.
Common mistakes:
• Keeping nothing and relying on memory
• Losing receipts for meals/travel
• No documentation for equipment purchases
What we recommend: Store receipts digitally and attach them inside your accounting system when possible.
Still have questions?
If you’re not sure what applies to your situation, we can help.