Business Purchaser'S Report Of Sales And Use Tax St-130: Fill & Download for Free

You should and need to keep them.The credit card statement (with nothing to back it up) is proof of nothing, other than you have spent money (on "something").<places Devilish hat on> Let's say you're buying all kinds of things on your company's credit card for your family, friends and family (and they are paying you back on the "low down."). Let's say your motivation for doing so is to 1) accumulate miles or bonus points on that nifty new credit card you just got or 2) defraud the government by artificially running up your "business" expenses by illegitimate expenses such as these (i.e. higher expenses mean lower income, mean lower taxes).Receipts provide an itemization of what you purchased and serve as the supporting documentation for your tax deduction. The burden is on you, not the IRS, to prove that your tax deductions (i.e. business expenses) are legitimate and reasonable. Without that proof, the IRS may disallow your deductions and you will have to pay not only the tax, but penalties and interest on the tax (which could be substantial, depending upon your circumstances).Meals is a category easily abused. If you treat a client for a meal (or other entertainment reasons), it must be business related. You must write on the receipt whom you met with and what the purposes of the business meeting was for.Bookkeeping/recording sucks sometimes. But you can probably see some of the reasons simply by looking at if from the viewpoint of the IRS (if that's even possible) and potential for abuse/fraud.I should add, all of this means nothing unless you are audited. If you never kept a single receipt and never got audited, it's a non-issue. You'll be fine. Your chances of getting audited are in the very low single digits. Take your chances or not -- it's entirely up to you.

I think big data, by itself, is never helpful. It may be a controversial statement, but when I think about it, I always get to the same point: why would you hoard data without a purpose? And that’s one of the main points of my answer: big data analysis is not a thing. You might refer to analytics over a big data platform, such as machine learning or parallel computing, and in that case, I still have to wonder: what would you like to accomplish?In my experience, one of the biggest issues with big data and analytics is the lack of purpose. Let me illustrate with a really close real life example:My last work experience was as a visualization engineer in a big utilities company. We used a Cloudera distribution to implement a data lake, in order to integrate information and, finally, display tactical- and strategic-level information in dashboards. But those dashboards never had a real purpose: they were never negotiated with the business users, they were not interactively designed with the final users, and they were not thought of as decision making tools. The purpose was to display information, without real business expectancy. And, thus, the process was as painful as it gets.Now, pertaining your question, in purchase processes you usually have a couple of strategic objectives: lower purchase costs, optimize shelf life, diminish inventory rotation. You could use advanced analytics to accomplis any of those; the main question, and what you have to answer, is which one you want to tackle.

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