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Keep a log in your car & always
write down your start mileage & where you’re
going. This will really help at tax
time. Note: if you forget,
mapquest.com is an excellent resource to
calculate mileage. |
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Trillium Bookkeeping
Services
385-1326 Huron Street,
London, Ontario. N5V 2E5
Ph: 519-204-6853
Fax: 519-204-6449
Cell: 519-852-9886
info@TrilliumBookkeeping.ca
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Bookkeeping & Accounting Tips
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| Do you claim AUTOMOBILE
EXPENSES? |
Make sure you are tracking the
beginning & end balances and all
your business travel through the
year. Keep a log in your car
and record in it every time you get
into the car. You’ll be glad
you did at tax time.
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| Collect all your RECEIPTS |
Indicate on your receipt what
they are for (ie auto, gas, etc).
If the receipts are for meals, make
sure to indicate who was at the
dinner and what you discussed.
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| Remember to BACK UP YOUR DATA
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Use alternate floppies or CDs
each day, so if your computer does
crash, you will only lose one day of
data. Also, it’s a good
idea to keep a back up OFFSITE or in
a fire safe.
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| For NEW BUSINESSES |
If you’re just starting up, a
simple way to begin filing is to use
an accordion filing folder with at
least 12 pockets for every month.
Keep everything in the appropriate
month. It’s not complicated,
and it may be the answer for those
who don’t like to file.
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| TRAVELLING? |
| Try to mix business with
pleasure. A seminar attended
or a supplier visited can allow you
to write off a portion of your trip. |
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