How Entrepreneurs Can Save Tax Money by Following Two Simple Steps

I hear every now and then from business owners, who were told by someone else, they just need to keep the bank statements and credit card statements as form of documentation to prove the expenses claimed.

I am not sure who is providing this advice which is a bad one. If you do not have proof of purchase and proof of payment, what you claimed as expense will be added to your bottom line if you are audited.