Do I need a separate filing system for my home business?
The need for a separate filing system depends mainly on the volume of files you maintain for your business. Also, If you use a dedicated accounting system or software to categorize your business expenses throughout the year, or if you track paper records for multiple clients or employees, the FreedomFiler business edition will provide you with file headings specifically designed to optimize your business files, in a separate drawer or area in your filing cabinet. These label headings are also designed to support businesses which need to maintain multiple assets, contracts, legal and administrative files as well as business resources.
Meanwhile, the Self-Employed Filing Kit deliberately covers home-based business tax categories for those who do end-of-year tallying to total expenses, or those who prefer to file by these categories even though they can rely on a software accounting system to actually determine tax deductions at the end of the year. The home filing kits are ideal for many consultants who generally prefer a single centralized filing system while still keeping business tax deductions neatly organized. Also included in the home filing kit are basic labels for filing business papers for a light-weight home-based business, and included are several hundred blank color-coded labels for customizing.