Apps for Fringe Benefits Tax

Posted by:

Did you know that you can reduce the amount of fringe benefits tax (FBT) you may be liable to pay by…

  • Replacing fringe benefits with cash salary.
  • Providing benefits that your employees would be entitled to claim as an income tax deduction if they had paid for the benefits themselves
  • Providing benefits that are exempt from FBT including portable electronic devices such as mobile phones, lap tops, tablets and GPS receivers, computer software, protective clothing and tools of trade provided they are used primarily for use in the employee’s employment and only one item is purchased per FBT year (unless the item is a replacement)
  • Using employee contributions – which is a common adjustment reported in a business’ end of year financial accounts. For example, an employee receiving a car fringe benefit can pay for some of the operating costs (such as fuel) that you do not reimburse. Employee contributions may be assessable income to you and may be subject to GST. A record of employee private use of the motor vehicle should be maintained.

To assist with maintaining the private use of a vehicle you may consider the use of the following smart phone applications:


Mileage Logbook Driversnote

 Driversnote is an intelligent mileage logbook that works to automatically track your trips and is ideal for employees, employers and self-employed individuals looking to document trips effectively as per ATO requirements. This app is easy to use and has an accurate GPS. JH & Co recommend using this app. 
Cost: Free
Download: Itunes Store/Googleplay


DriverDirect is an app created by Toyota Finance Australia Limited that has a host of features including fuel site locator, log trips via GPS tracking and expenses and reports. The app is ATO compliant, can support multiple vehicles and works with novated lease cars as well.
Cost: Free
Download: Itunes Store and Google Play


TripLog – Auto Mileage
Track your mileage via GPS with the mobile app that features a wide range of benefits including expense tracking, fuel economy calculation, reports and much more. This app is easy to use by reviewers have said there is not customer support when you have a problem or a query.
Cost: Free
Download: Itunes and Googleplay


ATO Vehicle Logbook
This app is fully ATO compliant for claiming the percentage business use of a vehicle and supports the use of multiple vehicles, and multiple logbook periods.
Cost: $1.49
Download: Itunes Store


Give them a try – we think they’ll make your life much easier and save you valuable time so you can enjoy the things in life you’d rather be doing.

We would be interested in hearing from you in regards to any feedback or experiences, positive or negative, that you may have had regarding any of these motor vehicle log book applications.

Should you wish to discuss or review your FBT obligations or how you may reduce them please contact our Office on 5831 1466.

This article was written by JH & Co Management Pty Ltd


About the Author:

This article was provided from Knowledge Shop. Knowledge Shop® has been helping accountants do what they need to do (and a bit more) since 2000. A subsidiary of ASX listed Easton Investments, Knowledge Shop® was born out of the frustration experienced by a profession trying to keep on top of an increasingly complex tax, super and regulatory environment.
  Related Posts
  • No related posts found.

You must be logged in to post a comment.