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Blog 20202020-08-19T17:08:30+10:00

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$20,000 Early Access to Superannuation for Rideshare Drivers

By |April 20th, 2020|Categories: BAS, COVID-19, Didi, Food Delivery, GST, Logbook, Ola, Shebah, Tax, Uber|Tags: , , , , , , , , |

Disclaimer This is not financial advice. You should consider seeking independent financial advice before considering access to your superannuation fund.  What is it? Some rideshare drivers may have funds available in their superannuation account which they may now be able to access. Normally, you would have to wait until you're 65 years of age before you could access your superannuation. Due to the impacts of the Coronavirus, the Government is allowing individuals access of up to $10,000 of superannuation in 2019-20 and a further $10,000 in 2020-21. That is a total of $20,000 over the two financial years. People accessing [...]

Income Support for Uber, Rideshare and Food Delivery Drivers. 

By |March 28th, 2020|Categories: BAS, GST, Logbook, Tax|Tags: , , , , |

In response to COVID-19, the Government has announced a variety of Coronavirus Stimulus packages and we're here to discuss how they apply to rideshare and food delivery drivers. Whether you driver for  Uber, Didi, Ola, Shebah or UberEats, drivers have a few payment options to choose from, such as the Jobkeeper and the Jobseeker payment options.  However, you can only claim one or the other. Jobkeeper Extension - updated 2nd November 2020 What is it? The JobKeeper Payment is a scheme to support businesses and not-for-profit organisations significantly affected by COVID-19, to help keep more Australians in jobs. The JobKeeper Payment is [...]

Rideshare Fact Sheet in other languages

By |February 10th, 2020|Categories: BAS, GST, Logbook, Tax|Tags: , , , , |

Is English your second language? The ATO has made it even easier for you to understand your tax obligations.  You can read a guide prepared by the ATO, on Ride-sourcing – the basics, in the following languages: Arabic Chinese Dari Hindi Korean Punjabi Vietnamese ‘What you need to know about your tax obligations" You can request a copy of "What you need to know about your tax obligations" to be mailed to you directly from ATO. Click here to order your copy now   Do you have any questions? Leave a comment below and the Rideshare Tax will respond. Drive [...]

Tax deductions for Uber, Didi, Ola & Shebah drivers

By |February 10th, 2020|Categories: BAS, GST, Logbook, Tax|Tags: , , , , |

The most frequently asked question by every rideshare driver is "what can I claim in my tax return as a rideshare Uber driver?"  We've prepared a full list of what you can claim as a Uber driver in your tax return. You'll need to keep evidence of all your expenses in case you are audited by the ATO.  You can store copies of your receipts and statements in the Rideshare Tax app. If you paid using a card, the expense can be substantiated using a business bank account up to the amount of $82.50 including GST. Here is a full [...]

Who is Rideshare Tax?

By |July 17th, 2019|Categories: BAS, GST, Logbook, Tax|Tags: , , , , |

We’re often asked the same questions from our users and the public. Here’s a bit about us and why we’re different… Who is Rideshare Tax?  We’re a group of Melbourne-based CPA Accountants and Registered Tax Agents. Yes, we’re a highly qualified lot - and we love everything about Uber and Rideshare. We’re based in Melbourne but we serve drivers all around Australia. What makes us an expert in tax for Uber and rideshare drivers? Well, for starters: We’re CPA accountants and registered tax agents. Our years of work and our in-depth experience mean that we know just how to reduce [...]

ABN & GST for UberEats and Food Delivery Drivers

By |July 15th, 2019|Categories: BAS, Food Delivery, GST, Logbook, Tax|Tags: , , , , , , |

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.  You need an ABN. You do not need to register for GST if your total income is under $75,000. (Total [...]

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