COMMON TAX ITEMS 

COMMON TAX ITEMS BUSINESS OWNERS FORGET

  • Sale of assets, especially motor vehicles
  • Purchase of assets, especially motor vehicles
  • No stocktake was done (for those accounting for stock)
  • Bad debts not listed
  • Expenses purchased with cash not listed
  • Expenses purchased with credit cards not listed
  • Loan interest expenses not made available
  • Shares sold not listed
  • Interest earned not declared
  • Full contractor details and payments made not provided
  • Motor Vehicle logbooks not kept
  • Travel expenses not itemised and no receipts kept
  • Debtors and creditors not listed

Make sure you can substantiate ALL of your tax deduction claims.

Please contact me if you need assistance.