Keeping a manual logbook is an onerous task so many businesses rely on statutory fraction. But this has become an unnecessary burden since Australia's Future Tax System Review introduced a flat rate of 20 per cent, which was phased in gradually over three years starting in 2011. This meant Fringe Benefit Tax effectively trebled for a vehicle travelling more than 40,000 kilometres a year.
DIRECTOR's electronic logbook, approved by the ATO, captures data from your drivers in real-time, making it easy to collect the information you need to make an accurate claim. As soon as your drivers start a vehicle they identify themselves using a PIN number, before selecting the purpose of the trip.
DIRECTOR makes it easy to collect, assess and process information to prove business and private usage of your vehicles. Here are some of the biggest benefits for your organisation: