The vehicle is equipped with a telematics device to record trips, allowing the driver to assign them as Business or Private.
What is elogbook? elogbook® is an ATO-compliant Fringe Benefits Tax (FBT) tool that automates traditional paper-based vehicle logbooks. It collects trip data via a telematics device and sends it to you via email or the elogbook® app. You can select trip reasons from predefined options for accurate record-keeping.
Why use elogbook? It helps companies determine FBT liability for employer-provided cars by calculating the percentages of private and business use. Applying the private use percentage to the car’s annual operating expense determines the taxable value and FBT amount for submission to the ATO annually by March 31st.
Benefits: elogbook® offers significant tax savings to employers and time savings to employees. It simplifies the process by only requiring employees to specify business or private travel, with elogbook® handling the rest.
Included below is the elogbook® Driver Handbook you can download to help with driver induction.
