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If you want to avoid having to physically bring in your records to your accountant, you can use a document scanning facility like Receipt Bank to capture the required documents needed to complete your tax return.

All you need to do is take pictures of your receipts with your smartphone using the Receipt Bank mobile app. Your accountant can then log in to the account, view your receipts and use them to prepare your accounts and tax returns.

No accounting knowledge is required to use this app - once you can use a smartphone you can use Receipt Bank!

Using this software also gives you peace of mind that these electronic records are in an acceptable format should Revenue look to review your receipts at any stage.

Find out more about Receipt Bank here or contact us

 

Last updated: 27th October 2020

This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.

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