The biggest questions among UberEats and Food Delivery Drivers are:  Do I need an ABN? Do I need to be registered for GST?

Rideshare Tax can answer these for you.

It depends on what you do. To make it simple for you, we’ve set up two categories. All you do is pick your category – A or B – then look up the information in your category.

Category A – You ONLY deliver for UberEats or other food delivery company. 

    1. You need an ABN.
    2. You do not need to register for GST if your total income is under $75,000. (Total income includes any other income you’ve earned from other small businesses on your ABN).

Category B – You deliver food AND drive passengers for UberX (rideshare).

    1. You need an ABN.
    2. You need to register for GST.

The ATO requires you to have an ABN and to be registered for GST from the very first dollar you earn. This applies even if you only drive occasionally.

The $75,000 GST threshold does not apply to you. Doesn’t seem fair, does it? This is because the ATO has special rules for taxi and rideshare drivers – and one of them is that you must be registered for GST.

So you have to pay GST on all of your income – including UberEats, UberX and any other income you earn on your ABN.

Time to talk about your tax obligations.

Category A – Tax obligations.

Step 1. Get an ABN. You can apply for an ABN free of charge in the Rideshare Tax app.

Step 2. Keep track of all your income and expenses. Sounds complicated, but not when you use the free Rideshare Tax app to do this.

Step 3. Keep a car logbook. Refer to our blog on Keeping a vehicle logbook for your ridesharing business for details. You will need this for Step 4.

Step 4. Lodge your income tax return. If you followed Step 2, then you can retrieve all your income and expenses through the app. This information can then be used in your end of year tax return.

Note: We can lodge your tax return for you. Find out how affordable and easy this service is for you.

Category B – Tax obligations.

Step 1. Get an ABN and register for GST. You can apply for an ABN and register for GST free of charge in the Rideshare Tax app.

Step 2. Keep track of all your income and expenses. But don’t stress. This is a cinch when you use the free Rideshare Tax app.

Step 3. Keep a car logbook. Refer to our blog on Keeping a vehicle logbook for your ridesharing business for details on this. You will need this for Step 4 and 5.

Step 4. Lodge your quarterly Business Activity Statement (BAS) with the ATO. This is simple if you followed Step 2 and kept track of all your income and expenses.

Note: We can lodge your quarterly BAS for a minimal fee. Discover how easy we make it for you.

Step 5. Lodge your income tax return. If you followed Step 2, then all your income and expenses can be retrieved through the app. This information can then be used in your end of year tax return.

Note: We can lodge your tax return for you. Find out how affordable and easy this service is for you.

And that’s it. Once you know your category, the rest is easy. Just follow the steps and use the tools we have ready to go for you.