Aurora, CO (PressExposure) July 23, 2009 -- /1888PressRelease/ As the recession continues to take its toll on small business, business owners are being squeezed like never before. Not only are they challenged to survive during these tough times, they cannot afford to waste money on taxes they don't have to pay. Aurora, Colorado accountant Charise Manuel (www.my1040.ws) has launched The Entry Tracker System a new online expense tracking system dedicated to helping business owners avoid IRS Audits and overpaying their taxes. âThe Entry Tracker System (www.my1040.ws/entrytracker.htm) easily allows business owners to document tax deductions for their federal tax return.
"What most business owners don't realize is how much their poor record keeping is costing them. They're cutting their own throat and don't even know it! Most business owners are not aware that each receipt has to be documented per the IRSâ Documentation rules before they ever take a deduction on their Federal Income Tax Return. Traditional tracking usually includes a client coming in with a shoe box stuffed with receipts. Worst of all, none of the receipts have been documented to back up the expense for an income tax deduction! Deducting the expense without documentation is like an invitation to an IRS Audit" said Manuel.
Itâs a fact that record keeping is at the heart of a businessâ success. "That's why the Entry Tracker System (www.my1040.ws/entrytracker.htm) was created. It easily and effortlessly guides the business owner through documenting and legitimizing her receipts. Business owners will be amazed how a few minutes a day will keep the IRS away. Imagine being able to take a picture of your receipt with your mobile phone âManuel continued.
The C & E Financial Services' website also offers free reports available for downloading at no cost and no obligation; "Top 50 Overlooked Deductions" and "5 Mistakes Many Tax Payers Make During Tax Season." These free reports can be accessed at http://www.my1040.ws/ClientResources.htm
For more information on C & E Financial Servicesâ tax preparation, tax planning and bookkeeping and payroll services please visit http://Www.my1040.ws or call 303-341-8283.