Without delving into the whole shitty story. What can be done when someone doesn't issue you with a reciept for a buisness expense? Anything?![]()
Without delving into the whole shitty story. What can be done when someone doesn't issue you with a reciept for a buisness expense? Anything?![]()





regardless of country, tax auditors will usually accept on 'faith' a certain percentage of claims without actual receipts to back them up as long as those claims are reasonable and plausible. Of course, the degree of 'faith' extended is directly proportional to the credibility of that taxpayer i.e. the 'accuracy' of info provided on past tax returns, and is also directly proportional to the 'professionalism' of personal and business bookkeeping i.e. well organized ledgers with daily entries.
If you have been keeping ledgers and the expenses with 'missing' receipts are less than 10% of the other expenses for which you do have receipts, then they should 'fly' without problems. However, if your business bookkeeping is essentially non-existant and your receipts are thrown in a shoebox, the odds are much higher that the tax agent will go through what you have with a fine-toothed comb if and when you are audited.
Thanks Melonie - I stand a chance then I supose. I think I have enough proof of the purchase and my books are in order, I just dont have a reciept... (-:
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