When natural disaster strikes, you have enough to worry about with keeping your family and yourself safe.
Australia, along with other countries, is facing a rapid increase in extreme weather conditions and natural disasters due to the ever-growing population among other factors. That’s why it’s important to have your data securely stored. That way regardless of what happens, it won’t be affected, saving you from having to worry about that too.
Here are three tips to help you protect your data:
1. Know which financial data is important
Take the time to look over all your data, clean it up and decide which data is necessary to be safely stored. Pick information which will allow you to get back to business almost as if you’d never left. You should store your business records for roughly seven years to defend any potential claims.
2. Know what assistance is available after a natural disaster
The ATO for example, offers help with your lodgment program and reconstructing records. They provide support via a variety of things including:
- Allowing lodgment deferrals of activity statement or tax returns without penalty
- Making arrangements for payments of tax debts by instalments
- Fast-tracking refunds
Amongst many other services.
The Department of Agriculture and Water Resources also provide support via Rural Financial Counselling Services, which are available in all states.
3. Utilize the storage systems available with the current products you use
Find out what storage is available on all the products and systems that you use to run your farm business. For example, utilise the Agrimaster free cloud storage, m:drive so that all your financial data is secure and safe at all times. And if something does happen, you can simply restore all your data back from m:drive.
By taking action before a natural disaster, you can ensure that should you lose everything, the important information can still be restored when you are ready for it. Find out more about the ins and outs of m:drive here.