When you undergo a tax audit, losing a receipt is a lot like losing your mind. You always think you have it, but no one (especially the auditor) will believe you had it in the first place.
Tax EDS is an application that allows you to store and categorize your receipts online so you will never lose another receipt. It is most useful during tax time. Both you and your accountant can easily access your stored receipts to help claim back those hard earned tax dollars. Using this application will save you time, money and perhaps even your sanity when the Tax Man starts poking his uninvited head around.
On a serious note, Tax EDS stands for tax expenses & deduction substantiation. During a tax audit, ‘substantiation’ is an auditor’s favourite word. It means to prove your claims by giving evidence. For most people it means producing the right receipt. Ask any poor soul who couldn’t produce their receipts, they didn’t get their tax refund that year. As an added bonus they got blacklisted so they got audited again the following year. Don’t let this happen to you. Get the tax EDS application today.