Tax Tips

Don’t neglect your motor vehicle log book

Driving - Remember your log book

Remember to fill in your log book

One of the most often forgotten pieces of tax information is the completing of a motor vehicle log book.  This is a requirement to substantiate your claim and most importantly maximize the deduction you may be entitled to claim.

If you complete less than 5000 work related or business kilometres a year then the keeping of a log book is all you have to do. Over this amount then obtaining receipts for everything you spend on you motor vehicle may benefit you even further.

I hear what you are saying. I never think of it when I leave and I just don’t have the time to complete it and when I remember there is never a pen handy. Read the rest of this entry »

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