WHEN DISASTER STRIKES: PART I

We are pleased to introduce the first post in a new five-part series titled “When Disaster Strikes”.

Disasters come in many forms.  Whether it is theft, fire, flooding, or even server or hard drive failure, disasters can cause significant data loss for individuals and for businesses.  While most people hate to think about the possibility of a disaster occurring, they do occur and they can be devastating much like hurricane Irene, which affected many businesses and individuals recently in Vermont.  Fortunately, there are several different ways you can plan ahead to prepare for such events and get back up and running in a timely manner. 

Tip 1: Go paperless

Paperless records have great benefits for individuals and businesses alike and they are a great way to secure your financial records from theft and fire or water damage.  More and more information is being received electronically, such as bank statements, invoices, W-2s, tax returns and other important and confidential documents.  Having them secured on a computer will protect them and help you organize your records in a neater and more efficient way.  Documents that you still receive in hard copy can be scanned into an electronic format then shredded, reducing excess paper around your home and office and help with storage needs.

Jordan Nellé, CPA
Davis & Hodgdon Associates, CPAs
September 2011