2018 brought changes in record keeping for expenses with income tax implications. We don't like dealing with all of those receipts either so read on for tips on using your phone to simplify your life.
Do you have proper documentation of your business expenses? If your expense is less than $75, documentation is not required, otherwise, you can use your mobile device.
With California's budget tighter than ever, the state is looking for new ways to collect all taxes due. A new regulation helps the state collect Use Tax on items purchased and used in the state. Companies who have not been in the habit of filing sales tax returns could now find themselves subject to a use tax return filing requirement under these rules.