FAQ – Receipts

 Q&A for Receipts

We get it, receipts are horrible. They’re a hassle and a safety hazard (ever heard of paper cuts?) No more–give them to us. We recommend that you collect all your receipts each month and send them all at once on the 5th, but you can send more often if you prefer.

Q – How should I send receipts to my advisors?

A – We love simplicity and flexibility. So, you can choose one of the following:

1. Email: admin@ictaxadvisors.com
2. Fax: 480-658-2937
3. Snail Mail: 9393 N 90th Street, Suite #102-558, Scottsdale, AZ 85258

Q – Do I need to provide any other information for the receipts?

A – It depends and requires your judgment. If the purpose is obvious or recurring in nature, you don’t need to provide other info. However, if it’s a new type of purchase, or you have multiple businesses (or real estate), to which the expense can relate, please communicate enough to your advisor to allow them to properly code the expense. Also, if you spend money at a restaurant with someone else, please write the name of the other person (even if it’s a spouse).

That’s it! We take it all from there. We will match the receipts to your bank statements, ensure proper coding, look for additional tax-savings opportunities, and file for good record keeping.

Please post any other questions you have about receipts below and we will respond as soon as possible.

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Tags: business expenses as a freelancer, business receipts for independent contractors, independent contractor receipts