You will have received your 2007 Tax Return by now. So please start
collecting together all of the required information NOW and do not leave it
until the last minute as in previous years. Your accountant would really like
a quiet Christmas and January!
Mileage Records
Do not forget that it is an Inland Revenue requirement that you keep a record
of your business mileage. Get into the habit of making a note of the mileage
everytime you use the car for business.
Keeping Personal Records
Remember to keep your personal bank statements, paying in slips and
cheque stubs as well as those for your business. If you have an Inland
Revenue investigation you may have to produce them.
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