tax deductions for traders?..., page-33

  1. 2,405 Posts.
    make it watertight.

    keep a logbook for all vehicles.

    keep a dedicated office,never let a trace of private use intrude into it.
    keep a seperate computer for family use.

    keep all invoices and receipts.make sure all suppliers have bas registered,never pay cash--leave a trail always.

    hardest dollar earned is the one that makes the tax department take an interest. i would rather miss a few borderline deductions than get audited--that has a big cost in time effort and professional help,and a bigger cost in missing out on making a living while fighting the big boys.and fines are not tax deductable.
 
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