Motor Vehicle Log Book Requirements
In addition to documentary evidence, claims for car expenses made under the log book method must be supported by appropriate log book and odometer records.
Capital Gains Tax Record Keeping
You may already be aware of the requirement to keep your records relating to your taxation affairs for 5 years (7 years for companies). However, you must also keep records of everything that affects your capital gains and capital losses.
Setting Up a New Business
Starting your own business is an exciting and hopefully lucrative initiative. But preparing your business for the overwhelming volume of red tape and compliance requirements can be a daunting challenge.
Selling your Business
You’ve made the big decision: it’s time to sell your business and cash out. But first, there are lots of small things you can do to guarantee maximum return on the asset you’ve spent so many years building.
The Importance of Record Keeping
With many tax returns currently underway it’s a good time to be reminded of the record-keeping requirements in support of tax returns.