Looking to save time and money?
As a new or existing user of our service, we want to make sure you are aware of the benefits of using a GPS Log Book for tax purposes and petrol expense claims. Having a logbook in place can not only save you time and money, but it can also provide a safe and reliable way to claim expenses. Using either of our devices it’s simply a matter of setting up an account, plugging in the device and you’re ready to start recording and claiming.
First and foremost, having a logbook allows you to easily track and document your expenses for SARS tax claims. This can include things like vehicle expenses, travel expenses, and other business-related costs. Having all this information in one place can make it much easier to file your tax return and claim the deductions you are entitled to.
Saving You Money
In South Africa, the cost of petrol and diesel has been on what feels like a never-ending increase over the past year. This increase in fuel prices has been a significant financial burden for individuals and businesses who rely on vehicles for transportation.
Our devices and software track the movement of a vehicle and records the distance travelled, route taken and fuel costs. This information can then be used to generate expense claims for business-related travel as well as other reports which include: Tax Detailed Reports, Tax Summary Reports, Tax Business Trip Reports, Zone Detail Reports, Trip Lists and the most popular one: Business Travel Claims.
Saving You Time
For example, a business owner who frequently travels for work can use a GPS logbook to track their business-related mileage. This information can then be used to claim back the cost of fuel from SARS as a business expense. Similarly, an individual who uses their personal vehicle for work can also use a GPS logbook to track their business-related mileage and claim the cost of fuel as a travel allowance.
Finally, using a GPS Log Book a safe and reliable way to claim expenses. It provides a clear and detailed record of all of your expenses, which can be used as evidence if you are ever audited by SARS.
We hope this information has been helpful and we encourage you to start keeping a logbook for your expenses. If you have any further questions, please feel free to reach out to us.
Useful Tips
Use our Claims Calculator to find out how much you could be saving with GPS Log Book and start saving on your business travel by keeping SARS compliant digital records the smart and easy way.
Get ready for Tax Season! use voucher code: “FEB2023” and receive R200 off each device (valid from 1st – 15th February 2023 only).
P.S. Remember, if you are a returning user or would like to use our services again, you can use our service to access any of your previous data as long as the device has still been connected to power.
Important Dates to Remember: In South Africa, the tax year for the South African Revenue Service (SARS) begins on 1st of March and ends on the last day of February the following year.
The tax return filing season usually opens on 1st of July and ends on the last day of November. So, taxpayers are expected to file their tax returns for the previous tax year within this period.
It’s important to note that the due date for submitting your tax returns may be different if you are an individual taxpayer, a provisional taxpayer, or a small business corporation. Additionally, the due date may be extended in certain cases, such as if you are submitting your return through a tax practitioner, or if you are eligible for a tax directive. Therefore, it’s always recommended to check with SARS or a tax professional to ensure that you are aware of the correct due date for submitting your tax returns.
For more information on the requirements from SARS please follow the below link:
https://www.sars.gov.za/wp-content/uploads/Docs/Logbook/2022-23-SARS-eLogbook.pdf