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Tips for Business Owners Who Need to
Reconstruct Records After a Disaster
After a disaster, many business owners might need to reconstruct records to prove a loss. This may
be essential for tax purposes, getting federal assistance, or insurance reimbursement.
Here are four tips for businesses that need to reconstruct their records:
 To create a list of lost inventories, business owners can get copies of invoices from suppliers.
Whenever possible, the invoices should date back at least one calendar year.
 For information about income, business owners can get copies of last year’s federal, state
and local tax returns. These include sales tax reports, payroll tax returns, and business
licenses from the city or county. These will reflect gross sales for a given period.
 Owners should check their mobile phone or other cameras for pictures and videos of their
building, equipment and inventory.
 Business owners who don’t have photographs or videos can simply sketch an outline of the
inside and outside of their location. For example, for the inside the building, they can draw
out where equipment and inventory was located. For the outside of the building, they can
map out the locations of items such as shrubs, parking, signs, and awnings.
More Information:
 IRS Disaster Assistance Hotline at 1-866-562-5227 – Monday through Friday from 7 a.m. to
10 p.m. local time
 Publication 2194, Disaster Resource Guide for Individuals and Businesses
 Federal Emergency Management Agency
 Small Business Administration
 Disasterassistance.gov
QuikComp
13168 Piedmont Vista Drive
Haymarket, VA
20169
(866) 513-1528

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Tips for Business Owners Who Need to Reconstruct Records After a Disaster

  • 1. Tips for Business Owners Who Need to Reconstruct Records After a Disaster After a disaster, many business owners might need to reconstruct records to prove a loss. This may be essential for tax purposes, getting federal assistance, or insurance reimbursement. Here are four tips for businesses that need to reconstruct their records:  To create a list of lost inventories, business owners can get copies of invoices from suppliers. Whenever possible, the invoices should date back at least one calendar year.  For information about income, business owners can get copies of last year’s federal, state and local tax returns. These include sales tax reports, payroll tax returns, and business licenses from the city or county. These will reflect gross sales for a given period.  Owners should check their mobile phone or other cameras for pictures and videos of their building, equipment and inventory.  Business owners who don’t have photographs or videos can simply sketch an outline of the inside and outside of their location. For example, for the inside the building, they can draw out where equipment and inventory was located. For the outside of the building, they can map out the locations of items such as shrubs, parking, signs, and awnings. More Information:  IRS Disaster Assistance Hotline at 1-866-562-5227 – Monday through Friday from 7 a.m. to 10 p.m. local time  Publication 2194, Disaster Resource Guide for Individuals and Businesses  Federal Emergency Management Agency  Small Business Administration  Disasterassistance.gov QuikComp 13168 Piedmont Vista Drive Haymarket, VA 20169 (866) 513-1528