The value of a lost receipt: Why businesses should capture every expense
By Guest Author · 10 July 2015 · Accounting
By Guest Author · 10 July 2015 · Accounting
Did you know that businesses can save thousands by capturing every expense? Discover the surprising truth behind the value of a lost receipt and transform your accounting strategy.
An individual earns income, pays income tax and then pays expenses with what’s left. A business basically pays for expenses with pre-tax dollars whereas an individual pays expenses with post-tax dollars.
Tags: Advice, EOFY, GST, Invoices, Planning, Receipts, Tax, taxation