BENCH SMALL BUSINESS GUIDES Step 5. Organize and store your documents At tax time, the burden’s on you to show the validity of all of your expenses, so keeping supporting documents like receipts and records is crucial. Diamonds may be forever, but the ink on your expense receipts is not. Since the IRS accepts digital records, it’s smart to use a cloud-based system like Dropbox, Evernote, or Google Drive so you never have to deal with smudged receipts. You can also use apps like Shoeboxed, which are specifically made for receipt tracking. Plus, let’s face it, that overflowing shoebox of receipts has got to go. 11