A simple way to keep track of small business expenses

1.0MartinCohttps://www.martinco.com.auA simple way to keep track of small business expenses - MartinCorich600338<blockquote class="wp-embedded-content" data-secret="GCyu0wTsvF"><a href="https://www.martinco.com.au/a-simple-way-to-keep-track-of-small-business-expenses/">A simple way to keep track of small business expenses</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.martinco.com.au/a-simple-way-to-keep-track-of-small-business-expenses/embed/#?secret=GCyu0wTsvF" width="600" height="338" title="“A simple way to keep track of small business expenses” — MartinCo" data-secret="GCyu0wTsvF" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript"> /*! This file is auto-generated */ !function(c,l){"use strict";var e=!1,o=!1;if(l.querySelector)if(c.addEventListener)e=!0;if(c.wp=c.wp||{},c.wp.receiveEmbedMessage);else if(c.wp.receiveEmbedMessage=function(e){var t=e.data;if(!t);else if(!(t.secret||t.message||t.value));else if(/[^a-zA-Z0-9]/.test(t.secret));else{for(var r,s,a,i=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),n=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),o=0;o<n.length;o++)n[o].style.display="none";for(o=0;o<i.length;o++)if(r=i[o],e.source!==r.contentWindow);else{if(r.removeAttribute("style"),"height"===t.message){if(1e3<(s=parseInt(t.value,10)))s=1e3;else if(~~s<200)s=200;r.height=s}if("link"===t.message)if(s=l.createElement("a"),a=l.createElement("a"),s.href=r.getAttribute("src"),a.href=t.value,a.host===s.host)if(l.activeElement===r)c.top.location.href=t.value}}},e)c.addEventListener("message",c.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",t,!1),c.addEventListener("load",t,!1);function t(){if(o);else{o=!0;for(var e,t,r,s=-1!==navigator.appVersion.indexOf("MSIE 10"),a=!!navigator.userAgent.match(/Trident.*rv:11\./),i=l.querySelectorAll("iframe.wp-embedded-content"),n=0;n<i.length;n++){if(!(r=(t=i[n]).getAttribute("data-secret")))r=Math.random().toString(36).substr(2,10),t.src+="#?secret="+r,t.setAttribute("data-secret",r);if(s||a)(e=t.cloneNode(!0)).removeAttribute("security"),t.parentNode.replaceChild(e,t);t.contentWindow.postMessage({message:"ready",secret:r},"*")}}}}(window,document); </script> https://www.martinco.com.au/wp-content/uploads/2017/05/COGdesign_Martinco_A_Simple_Way_To_Keep_Track_Of_Small_Business_Expenses.jpg910478All business want to make sure that they claim every possible deduction that they can. But costs must be substantiated to be deducted your assessable income. Substantiation requires you to keep records, and to have access to receipts and tax invoices so you can prove your claim for deductions against your assessable income. It’s a hassle to have to record all the little costs you incur on a day-to-day basis as you go about earning your income. Indeed, things can become really silly if the time taken to record small expenses exceeds the tax benefit of doing so. There is...