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Records you need to keep

Keep Records
You must keep records that show the amount of super guarantee you have paid for each employee and how it was calculated. You must also keep a record of having offered each eligible employee a choice of super fund.
Keeping good records
You must keep records of your business transactions, including expense claims, for five years after they are prepared or obtained, or the transactions completed, whichever occurs later. If you don't, your expense claim may be denied or reduced. You can store records in either paper or electronic form, but they must be readily accessible and available in English.
Keeping records
Keeping employment and contractor records is an essential part of running your business and helps you to claim all your deductions. You must keep your records in an accessible form (either printed or electronic) for five years.
Manage your invoices, payments and records
There are a number of reasons for keeping good records of your business transactions. Start with the 'Basics' to find out which issues affect your business or follow the links to specific topics.
Penalties for not keeping proper records
This fact sheet explains what records you need to keep and what penalties we may impose if you fail to keep proper records.
Reporting and keeping records
You report and pay luxury car tax on your BAS in the same way you report other business taxes, and you must keep accurate LCT records of any sale or importation.