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

SPOTLESS REJECTS DOWNER'S 'HOSTILE' $1.2B BID AS IT PROMISES A STRATEGY RESET

CLEANING and catering services company Spotless has rejected a $1.26 billion takeover bid from mining services firm D...

EXCLUSIVE INTERVIEW: MEGAPORT CEO VINCENT ENGLISH ON GLOBAL EXPANSION AND HOW TO SCALE UP A BUSINESS

THE RAPID expansion of Megaport (ASX: MP1) continues with the Brisbane-based company announcing a major partnership d...

BRISBANE ENTREPRENEUR BREAKS BARRIERS IN ECO-BUSINESS

TRACEY Bailey believes that if every person understood the true social and environmental cost of every product the...

DOMINO'S PIZZA EMPLOYEES OFFERED A SLICE OF THE PIE

DOMINO'S Pizza (ASX: DMP) has launched an employee share acquisition plan which will give its 26,000 staff the...

Related News

FURNITURE DISRUPTOR SET TO SHARE HIS ONE OF A KIND BUSINESS MODEL

IT'S no secret that Australians love homemaking. Their ceaseless quest to create the perfect place to call hom...

WEEDING OUT THE ASX'S BURGEONING CANNABIS TREND: 8 COMPANIES TO WATCH

A NICHE is budding on the ASX in the form of medical cannabis, an industry which has been on the country's rad...

FRESH CLASS ACTION TO REVEAL ANOTHER SIDE OF SLATER AND GORDON DOWNFALL

ACA LAWYERS has issued a formal letter of demand to Andrew Grech (pictured), managing director of Slater and Gordo...

STARSHIPS WERE MEANT TO DELIVER DOMINO'S PIZZA

NICKI Minaj may have been off the mark when she declared 'starships were meant to fly'. However, she m...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter