TECHNOLOGY MAKING IT EASIER TO TRACK FOR TAX

Written on the 19 August 2015

TECHNOLOGY MAKING IT EASIER TO TRACK FOR TAX

AN AUSTRALIAN GPS tracking solutions company has developed a new log book system which has been approved by the Australian Tax Office (ATO) as a credible means of tracking the data required for tax claims.

Securatrak developed the Soteria Electronic Logbook which automatically records travelling data including start and end time, start and end locations, distance travelled and route taken, leaving the user to assign a business or personal purpose to each journey.

When applying for the fringe benefits tax claim, users can then submit the Soteria data to the ATO as a reliable source of the travel evidence required.

Managing director Mark Holmes (pictured) says the system is unmatched in terms of user efficiency and integration with the company's own Geotab management solution, proving the prowess of Securatrak's newly bolstered team.

"Our internal software development team has built an extremely user friendly Electronic Logbook that is not only approved by the ATO in the latest tax ruling, but it integrates seamlessly into the Geotab fleet management solution in both the Android and IOS platform," says Holmes.

"Securatrak continues to expand its internal software development team, working closely with our clients and global partners to add value and functionality to the fleet management solutions that we provide."

Running the Soteria app has previously been a costly exercise, but due to a new pricing model which allows customers to purchase the device on a rented contract, the system has become more affordable and streamlined into the market.

Eighty-seven days of data is required by the ATO when claiming the fringe tax benefit, prompting Soteria to offer rental terms of six months.

"Technology such as the Securatrak Soteria app is a convenient and accurate way to collect mileage data we require for end of financial year tax submission," says Holmes.

"This type of technology can and will benefit those who use company cars or travel at high volumes for work."


Latest News

TECHNOLOGYONE SAYS IT WILL SUE BRISBANE CITY COUNCIL FOR $50M IF IT TERMINATES CONTRACT

ENTERPRISE software company TechnologyOne (ASX: TNE) has threatened to sue Brisbane City Council (BCC) for more than ...

WESTPAC LOOKING TO SELL HASTINGS TO CHARTER HALL

Westpac Group (ASX: WBC) has entered discussions with property investment group Charter Hall (ASX: CHC) to sell Ha...

THE CYBER SECURITY FIRM THAT HAS MELBOURNE AND SYDNEY BATTLING FOR ITS BUSINESS

ISRAELI cyber security firm Votiro will decide where to set up shop in Australia in the next few weeks, with both ...

IF YOU LOSE YOUR MOJO, YOU LOSE YOUR BUSINESS: GLEN RICHARDS

HE'S one of the "sharks" on the hit show Shark Tank and Dr Glen Richards deals with startups and sca...

Related News

TECHNOLOGYONE SAYS IT WILL SUE BRISBANE CITY COUNCIL FOR $50M IF IT TERMINATES CONTRACT

ENTERPRISE software company TechnologyOne (ASX: TNE) has threatened to sue Brisbane City Council (BCC) for more than ...

WESTPAC LOOKING TO SELL HASTINGS TO CHARTER HALL

Westpac Group (ASX: WBC) has entered discussions with property investment group Charter Hall (ASX: CHC) to sell Ha...

THE CYBER SECURITY FIRM THAT HAS MELBOURNE AND SYDNEY BATTLING FOR ITS BUSINESS

ISRAELI cyber security firm Votiro will decide where to set up shop in Australia in the next few weeks, with both ...

IF YOU LOSE YOUR MOJO, YOU LOSE YOUR BUSINESS: GLEN RICHARDS

HE'S one of the "sharks" on the hit show Shark Tank and Dr Glen Richards deals with startups and sca...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter