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if youre a business owner you know that you need to keep a document trail for tax purposes but what exactly do you need to keep are you supposed to keep every single receipt just to be safe in this video i will explain the details that you need to know and if you already have a bookkeeper or a certified public accountant this video will most definitely save you time and money since they wont have to charge you for the time they spend asking you for something that you may not have or even have to explain to you this information but before we get started i just want to say a quick thank you to my viewers for supporting my channel it really means a lot check your subscription status if youre not yet subscribed i would highly recommend that you hit that subscribe button and i would appreciate if you could turn on video notifications as well by ringing the bell first lets answer the most important question why is it that the irs requires us to keep documentation the answer is fairly sim