Whether you work for yourself or get reimbursed by your employer for travel, you’ll likely need proper tax receipts and invoices for accounting purposes. Having to download them one by one is a daunting task, and even with the monthly business report, you still have to download them one month at a time. It would be a shame to lose out on the opportunity to claim your expenses. Avoid the hassle and get Ride Receipts!
“Generally, all of your claimed business expenses on your income tax return need to be supported with original documents, such as receipts (unfortunately credit card statements don’t count!) You can increase your income tax deductions by staying organized and having actual receipts supporting your business expenses. NO RECEIPTS = NO DEDUCTION”
– DNTW Toronto LLP
Chartered Professional Accountants
Licensed Public Accountants