Working the ATO Logbook Method with a Car Expenses Cheatsheet Posted on November 23, 2023 Do you use your personal car for business most of the time? If so, the ATO logbook method will help you boost your tax refund. Our Top Tax Refunding GOFAR Subscriptions Try the GOFAR app today ⭐⭐⭐⭐⭐ Perfect for drivers who want to maximize their tax reimbursements. Automatically records every trip to Classifies business trips […]
Ultimate Guide to Work Related Car ATO Logbook Expenses Posted on November 20, 2023 2018 was the year in which Australian Taxation Office (ATO) planned
Best Logbook Apps for Aussies Posted on September 17, 2023 Using your vehicle for business purposes and looking for the best
ATO Cents Per KM Method: How to Maximise Your Tax Return 2023-2024 Posted on September 17, 2023 Are you familiar with the ATO’s cents per KM method? In 2023-2024, you can be reimbursed by the Australian Tax Office for $3,000 or more, based on your car expense deductions. $10,000, and more, is available to some people. A considerably attractive sum, don’t you think? It’s money you could spend on a holiday this […]
GOFAR partners with Transurban to conduct massive Eco-driving trial 2022 Posted on March 21, 2022 With an overall fuel efficiency improvement of 5.5%, the trial has shown that eco-driving concepts have merit and can deliver meaningful fuel consumption savings, and therefore GHG emission reduction. While passenger vehicles have become increasingly fuel-efficient over time, there appears to be merit in actively promoting eco-driving now versus simply waiting for cars to get more […]
Demystifying the CRA Logbook Method: Navigating Car Mileage Rates Posted on October 21, 2021 The Canadian Revenue Agency (CRA) allows people to claim the use of their car for work as a tax deduction based on their car mileage rate. One of the allowable ways to claim is by the ‘logbook method’. The logbook method allows people to claim a % of all of their vehicle expenses based on […]
WHAT IS THE CRA CENTS PER KM ALLOWANCE FOR 2021? Posted on October 21, 2021 The Canadian Revenue Agency (CRA) allows people to claim the use of their car for work as a tax deduction. The CRA rate is reviewed regularly but it has remained unchanged since last year 2020. The 2021 allowance rates are: 59 cents per km for the first 5,000km Plus 53 cents per km from 5,001km […]
FAQs About IRS Mileage Deductions 2021 Posted on October 21, 2021 What Is the IRS Standard Mileage Rate in 2021? If you choose to use the Standard Mileage Rate method of deduction set by US Government Agency, the Internal Revenue Service (IRS), you will use the following rates for deduction: Business mileage at 56 cents per mile Medical miles at 17 cents per mile Charity miles at [...]
How to Use a Mileage Tracker as a Shipt Shopper Posted on May 2, 2020 Did you know that nearly half of American workers have a side hustle? This is in addition to their regular full-time or part-time positions. A side hustle can help you make ends meet, have more disposable income, or have more to save. One of the easiest side gigs that almost anyone can do is working [...]
How to Use Waze as a Mileage Tracker Posted on March 30, 2020 What is Waze? Waze is a free, ad-supported navigation app designed to make driving more efficient. It uses your phone’s GPS and social media-based crowdsourcing to find routes, and provide you with real-time traffic information. Waze allows users to share information such as traffic conditions and anything else that might impact driving. Because Waze uses […]