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The general rule of thumb in this area constantly that you want get a receipt that shows the particular description among the items which are purchased. The receipt produced out of any debit or credit card processing machine that only shows overall amount in not going to cut it with a CRA auditor. Neither will the Mastercard or visa statements showing a company name as well amount. In short, you’ll want to get a receipt that shows the paper, pencils, gas or hamburger ended up being purchased to permit you to do your business.
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We know technology provides us within a relief of physical stresses and strains. We no longer tend to your fields with horse and plough. We no longer have to hang our wash out to dry. We no longer have to be able to the large families. Ah yes, life does seem simpler right? Or does it?
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