Deductifi comes with the features described here to help keep tax record-keeping clearer and easier through the year.
FOUNDING MEMBER OFFERS
Founding Members may receive access to member offers from time to time. For example:
A BANQUET OF FEATURES
Simply take a picture of a receipt, enter the details as prompted, and keep your records organised in one place. The app guides you on what to record for later review.
Record your vehicle trips for one or more vehicles using either the Logbook method or Cents/KM method. Record details for both methods and compare them later when reviewing your circumstances at tax time.
Receive practical tax guidance emails throughout the year to help with record-keeping and make tax management easier to review.
Find useful tips and information within the app to help you keep records organised and easier to review. Look for the lightbulb and information symbols.
Flag expenses or trips youÔÇÖre unsure about for double-checking later by you or your tax agent. Run a report of ÔÇ£Double CheckÔÇØ items anytime. They will also be flagged for you in your tax-time reports.
The Dashboard provides a snapshot of your recorded information throughout the year. It is also an easy navigation point for app functions, help, and feedback.
Generate a logbook based on your trips, or generate multiple logbooks for different periods and select the logbook you think best represents your normal travel. Logbooks are designed to support tax-time review and can be used to generate records for the relevant period.
Record expenses for one or more Investment Properties. The app will prompt you for information so it can correctly categorise expenses and determine deductibility (eg repairs vs capital improvement).
The App will guide you on what can be claimed without a receipt and what information must be recorded (eg up to $300 for total work expenses, up to $200 of small expenses (<$10 each), laundry, home office expenses (rent, utility bills), work from home, car KMs, etc)
Easily review and update past entries anytime using the app.
View your information in summary or detailed reports. Print, export or save PDF copies as needed.
Use tax planning and tax-time checklists to review common categories and records.
If you join Deductifi partway through the year, you can add past transactions to keep your records together for tax time. If you already have a vehicle logbook, enter the business-use percentage so it is available for later review.