Your car is the most important deduction as a rideshare driver.
Here’s how to save the most with the logbook function!
Why do you need a logbook?
Most drivers use their cars for both work and personal trips, therefore they must keep a vehicle logbook to track business use only. Your logbook tells the ATO the proportion of your total car use that’s for your ridesharing business so you can correctly calculate the amount of car-related expenses to deduct (e.g. fuel, registration) to pay less at the end of the financial year.
What the ATO expects from you
The ATO requires you to keep a […]