Newsletter
February 2019 Newsletter
GoFar - the new electronic log book for most new cars is ATO approved
One of Australia’s latest innovations has allowed drivers across the globe to save money while they drive. The GoFar is built to monitor your car’s performance, mileage, problems, fuel efficiency, speed and trips so that you can save money and look after your car’s health! With this device becoming ATO approved, it allows for small businesses to claim back on their driving expenses accurately!
The GoFar tracks the amount of mileage you have done per trip and offers an option for you to claim this as a business expense by simply swiping right on the app. One of the best components with this device is that it supports any type of reporting method, it is compatible with IRS Standard Mileage Rate and the ATO Standard Rate. Get the most out of your car usage at work by choosing from a Custom Rate or Business Percentage rate when setting up your device.
With this in place, you will be saving 10-30% of fuel costs over the course of using the GoFar app, while still being able to claim back on vehicle expenses. Be sure to check out this great product for yourself here GoFar.