Using A4 Lever Arch Files

A4 is the most common paper size and can be placed in archive storage boxes for easy storage and retrieval.

Write on the spine label of the file your company name

This ensures wherever the file ends up, who these files belong to is never in dispute. Also if you have two or more companies, you know which company the file relates to.

Get up to 41% of what you spend back in a tax refund.

Medical expenses

For a single person the first eur125 cannot be claimed. For a family the first eur250 cannot be claimed. Visits to the doctor are medical expenses, so in a family situation you can easily build up eur250 between all the members. So keep every receipt you get from the doctor and when you have a doctor's prescription and you pay for the items at the chemist, keep that receipt too and claim against your tax. Don't forget maternity care expenses. You could get up to 41% tax back on the money you pay out. Dental expenses are treated separately.
If your health insurance (VHI, BUPA etc.) has already paid for the medical expense, you cannot claim those expenses. But if they pay only a portion of the cost, you can claim the balance.


You complete a form Med 1 to make a claim for tax relief.
http://www.revenue.ie/forms/med1.pdf

more info at http://www.revenue.ie/index.htm?/revguide/healthexpenses.htm

Dental expenses

METHODS OF FILING

A suggested method is as follows:

1. Sort invoices by month
2. Then sort invoices by supplier
3. File each supplier invoice by date or their invoice number for each month

Some people prefer to give each supplier invoice their own reference number. They start at 1 and for each additional invoice the go to the next number 2, 3, 4 etc. They then file the invoices in this number sequence.

My preferred method is to have supplier invoices grouped together, as when a query arises you can easily find all that supplier’s invoices together in sequence without having to go anywhere else, as all the information is in the lever arch file sorted by month and sorted by supplier.

Use the method that suits your company the best.


Methods of filing - By Supplier, then by Date or Invoice number

Filing alphabetically by supplier and then by invoice date or invoice number

Advantages

As it stands as the moment all you business letters and order forms, if you are a limited liability company, should contain the following information: