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 […]
How to Claim Car Expenses and Make the Rules Work For You Posted on February 17, 2020 Did you know you can earn some extra cash by claiming your car expenses at tax time? Depending on the business mileage you cover, you can claim over $10k back on your taxes for your car expenses. Epic, right? We know the workings of the ATO rules that can get you a maximum tax deduction […]
Demystifying the Car Logbook: Answers to Every Tradie’s Questions Posted on December 18, 2019 A car logbook is a method for recording your business mileage for tax return purposes. It’s how you provide proof of your car expenses to the ATO so you can claim a portion of those expenses at tax time. Nifty, isn’t it? As a tradie, you’re spending your days on wheels – so you might […]
Keeping a Vehicle Log Book: What Do Accountants Know That You Don’t Posted on December 14, 2019 Keeping a vehicle logbook is a chore most people would rather shy away from. It’s tiresome and tedious work that requires you to make the effort every time you drive your car. But what if we told you that the benefits outweigh the costs? Failing to record your work related mileage means cutting yourself short when […]
6 Vehicle Logbook Apps Aussie Tradies Swear By Posted on December 13, 2019 Gone are the days when you had to log your mileage manually in bulky journals and scraps of paper. You can use a logbook app to automatically complete your vehicle write-off for this fiscal year. If you’re a self-employed tradie, the ATO allows you to claim your business expenses at tax time. Since driving takes […]
The Top 5 ATO Receipt Apps Accountants Highly Recommend for Vehicles Posted on October 23, 2019 Are you in the market for ATO receipt apps for vehicles? Proper record-keeping, as required by the Australian Tax Office, can be tedious. No one understands that more than an accountant at tax time. That’s why we’ve scoured the internet to bring you a list of vehicle logbook apps endorsed by accountants. But accurate logging […]
5 Popular Car Logbook Apps Tested: Here’s What We Learned Posted on October 7, 2019 Paper mileage logs? That’s a relic of the past. They used to be a handy (though disturbingly labour-intensive) way to write off your car expenses. Now they’ve been replaced with up-to-the-minute car logbook apps that do much of the hard work for you. What once took hours of filling in car logbook forms today is […]
11 Best Mileage Logbook Apps Caravanners Can’t Live Without Posted on May 27, 2019 As a caravanner, you will be visiting places off the beaten path. This means that you’ll need one of these best mileage logbook apps that track your miles, fuel consumption, and other vehicle-related expenses. Looking for an easy 12-week ATO Logbook Tracking solution? Click here. What’s more, you want to fully enjoy every drive and to […]
9 Super Useful Logbook Apps for Fleet Drivers Posted on May 15, 2019 If you are one of those drivers who find doing your logbook a pain, we’ve got good news for you. You can automate nearly the whole process by using one of the accurate and reliable logbook apps for fleet drivers. Some of these top mileage logbook apps are easier than others though and some are quite expensive. Looking […]
6 Best Budget Mileage Trackers for Cars in USA Posted on April 15, 2019 If you frequently drive your car for work, then one of these best budget mileage trackers is exactly what you need. You undoubtedly know how wearisome the process of logging every mile you drive can be. You know, remembering to check your car odometer at the start and end of each drive and doing all the calculations [...]