I am self employed which means I get killed on taxes each year. If it wasn't for the hoards of receipts that I collect each year, I would have to pay way more than seems fair in taxes each year. The hard part is keeping up with all those receipts until the taxman comes knocking.

A new app for the iPhone is perfect for those needing to track receipts for taxes or for an expense report for work. The app is called Mitek Mobile Receipt. To use the app you take a picture of the receipt with the camera on the iPhone.

The app software automatically rotates, scales, and crops the image for legibility and will attach the receipts to reports for the boss or taxes with a few button presses. The app is available now for $4.99 on the app store and could save you hours of tax time hassle.