How are you tracking business kilometres in your company?

Author: ACT Services |

52345245-c5eb-07be-c9d7c140a5fd84bc.png

A vehicle expense is only as useful as the record behind it. Business owners often pay for fuel, repairs, insurance, parking, and maintenance through the company, then assume the deduction is clear. The issue is the business-use portion. Without a consistent mileage record, it becomes harder to separate personal driving from business travel. That can leave legitimate expenses unsupported, create messy bookkeeping, and make corporate records harder to explain. A simple mileage log should show the date, destination, business purpose, and kilometres driven. Keep related receipts organized with it. Clear records give your accountant what they need to classify vehicle costs properly and help you see the real cost of being on the road. How are you tracking business kilometres in your company? #BusinessAccounting #Bookkeeping #TaxPlanning #OntarioBusiness #SmallBusinessCanada


READ MORE BLOG ARTICLES

Top
Top