You need to keep complete records to support your claims for travel expenses. This may include:
1. Written evidence of your expenses, such as receipts
2. Travel diary or record of your travel activities.
You must keep your travel expense records for at least 5 years from the day you file your tax return. If you fail to keep written records of your travel expenses, you won’t be able to claim your travel expenses as a deduction. You may qualify for the record-keeping exception if you receive a travel allowance from your employer. For record-keeping of your travel expenses, you can choose to hire bookkeepers in Melbourne.
Comments
Post a Comment