ARE YOU AN ACCOUNTANT? This will help save you time and create a better relationship with your clients. How? - Help your clients to get the maximum mileage - claim with the minimum effort Save hours - at your busiest time of the year - Reduce some of the harmful effects of vehicles Webinar by Ron Lesh, MD of BGL and Ian Davidson Co-founder and CEO of GOFAR

1. Ron Lesh + Ian Davidson
Managing Dir. Co-founder
BGL GOFAR
March 29th, 2022
11:00 am
www.gofar.co
Mileage logging
can be easy!
Learn about BGL’s partnership with multi-award winning
mileage tracker and vehicle logbook app, GOFAR

2. Ron Lesh, BGL
Ron is a Fellow of Chartered Accountants Australia
and New Zealand. He started his career at KPMG. He
joining BGL which he's led to market leadership
through DOS to Windows and now the Cloud. Ron is
a recognised industry thought leader and an all-round
great guy!
BGL is a multi-award-winning developer of cloud-
based company compliance and self-managed super
fund software.
Ian Davidson, GOFAR
Ian is the CEO of GOFAR, an Australian specialist in
automatic mileage logging.
Ian's background is in data, research and automation.
He is allergic to paperwork and so is on a mission to
make mileage logging as easy as possible.
Ian has had a strong interest in the environment and
emissions reduction ever since studying Geography at
Oxford University back in 1992.
About the
speakers

3. Housekeeping
01
Please turn off microphone.
Feel free to type questions in the chat box.
We'll have Q&A at the end
02
03

4. Help your clients to get the maximum mileage
claim with the minimum effort
Save hours - at your busiest time of the year
Reduce some of the harmful effects of vehicles
3 main goals
for today

5. GOFAR
At A Glance
14,000
customers
+46
Net Promoter Scr
70
countries
320M
KMs logged
$100M
mileage claimed
2000
tonnes CO2 saved
PROFIT: To help sole traders
+ SMEs easily and correctly
claim their vehicle mileage
PURPOSE: To improve road
safety and reduce vehicle
emissions for all people

6. Mileage logging is
a top deduction
3.6 million Australians claim $8 billion in
mileage at tax time
2 million company vehicles also need
records
40 billion KM are driven for work
Poor records means
$5+ billion of driving is
unclaimed every year

7. How Aussies claim
800,000 individuals keep an ATO logbook so
they can claim a % of total car costs
700,000 claim exactly 5,000KM (worth $3.6K)
under the cents per KM method
2,100,000 others use the cents per KM
method to claim $0.72 per KM
When companies claim they usually do so with an
FBT logbook.
66% of Aussies log
manually on paper
or spreadsheets

8. Claiming mileage: private vehicles
- Claim $0.72 for every work KM
- No onerous record keeping
- Lower claim than logbook
- Capped at 5,000KM (= $3,600)
Cents per KM
- Claim a % of all car costs
- Best way to maximise deduction
- Best for pricey, new cars
- Best for high mileage drivers
- Onerous 12 week chore unless
you automate it!
ATO Logbook
01 02
Best method.
Used to be hard.
Now it's easy.

9. - Easy to calculate
- Based on 20% of vehicle value
- No need to do a logbook
- May overpay on tax if your
vehicles are mostly used for work
FBT Statutory Method
- Need to do a 12 week logbook
- More accurate
- Best way to minimise tax bill
when employees are mostly using
vehicle for work.
FBT Operating Cost (Logbook)
02
Claiming mileage: company vehicles
01
Generally best method.
Used to be very hard.
Now it's fairly easy.
Link to ATO calculations

10. Example Statutory Method Example Operating Cost
02
Claiming mileage: company vehicles
01
(($50K value of car X 20% X 365 days available to
employee) / 365 days in year - $1K employee contribution
FBT cost = $10,000
(($10K in total operating costs X 20% private use) - $1K
employee contribution
FBT cost = $7,000
Link to ATO calculations

11. Logbook is the best method but...
...can take 5-10 hours

12. Good intentions...
You in 2021:
Your client:
You in 2022:
Your client:
Please do a log book this year
I will
Have you got that logbook?
Ummm...
but people are busy...

13. So we automated it!
Avoids hours of boring admin
Frees people up for more productive work
Records total mileage, dates, times, odometer
Just swipe to classify business vs personal %
More accurate records
Stored securely in the cloud
Makes it easy to select best method and best period
(and to keep records for 5 years).

14. Fast payback
$8.25 / mo
$79 for device (one off)
Average customer is claiming $4,200 / year
Average customer is saving 5 - 20 hours
Pays back for multiple years

15. The driver just needs to classify trips
...the rest is done

16. Automating
mileage helps
acountants too
Processing returns is quicker when
everyone's sending in the same nice,
neat, standard mileage report
There's less stress, less chasing
Stronger client relationship
Better records in case of audit

17. Top problems solved - the non claimer
Jason - running his new design business.
Kept no records, made no claim for 3 years
Did a logbook with GOFAR and found 53%
of his driving was work related
Able to claim over $5,000
$15K total miss
01

18. Top problems solved - the easy 5K
Gillegan - allergic to paperwork.
Like 800,000 others, just claimed
5,000KM on cents/KM method
Did a logbook with GOFAR and
captured 33,000 work KM - claim rose
to over $10,000
$15K total miss
02

19. Top problems solved - the happ(ier) team
Jenny - fleet manager at Holcim - had to
get 520 FBT logbooks done.
She got in touch because she had 519
miserable employees and one happy one!
The happy one was already using GOFAR
and simply exported his logbook the
same day asked.
No FBT logbook mutiny
03

20. Simple, traditional
Works offline!
Upfront cost is cheap
Time cost is high
Easy to lose
Paper logbook
Everyone has a phone!
Easy to use
Can cost $8-$15/mo
Drains battery
Often misses trips
Apps
Hardware is reliable
Provide live location
Complex features
$$$ $30-$40 / mo
Bad for privacy
Fleet telematics
4 other ways to log miles
01 02 03

21. It's not just about money

22. The most dangerous
thing we do? Driving.
4 million KM study by NSW Goverment
38% less speeding
42% less harsh braking
The study was a Randomised Control Trial
which compared 400 drivers with feedback
from GOFAR to 400 drivers without.
Real time feedback from GOFAR's Ray
display was proven highly effective in
reducing aggressive driving and speeding.

23. Cutting emissions
saves on fuel too
700,000KM study by Transurban
6% reduction in CO2 and fuel use
Saving is equal to 12-15c / litre
Putting GOFAR in 400 vehicles cost the same
as ONE electric vehicle
It delivered emissions reductions equivalent
to TWENTY electric vehicles

24. 2019 2022
$250
$200
$150
$100
$50
$0
Fuel costs are
surging
Typical monthly fuel spend per household

25. Top Tips Automatic logbooks are the best
way to claim - and are easy now!
Target high mileage clients or
high value vehicles
Automation makes tax time more
efficient for you too
Many other economic and social
benefits too - not just mileage..
Don't just do 13 weeks - it might
be atypically low

26. Next steps Contact ian@gofar.co
Visit gofar.co/logbook
1
2
Get a discount for your clients
3
Use GOFAR_30BONUS
or click this link

27. Tech Award
ARSF
WINNER
National
Roads Expo
WINNER
Kickstarter
Staff Pick
WINNER
Seedstars
Australia
WINNER
Accounting
Tech CA ANZ
WINNER
Thank you!
Any questions?
Good Design
Award
WINNER