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The Ultimate Uber Guide: Uber Tax Guide for Drivers

By |January 19th, 2022|Categories: Uber|

There is a growing number of people looking for another source of income, and one of the best ways to have another stream of cash is by being an Uber driver. While it has grown in popularity, many still have serious Uber tax problems and find that making tax payments are a bit difficult. Seeing as Uber is a great and flexible way to earn a bit more income, taxes are still something you shouldn't ignore, so it's best to manage it right away. Because if you start driving without tax planning, you may get into serious trouble. With that [...]

Everything You Must Know About Saving for Your Uber GST Bill

By |January 10th, 2022|Categories: GST|

Taxes are an unavoidable aspect of doing business, and saving for your Uber tax bill can be a slippery slope. It can be tricky to calculate how much tax to deduct from your Uber earnings, and far too often, people end up in hot water with the ATO after tax bills pile up. To avoid tax-time panic, establish a routine for putting money aside for taxes as you go. In this article, you will learn all about your Uber GST bill and what you can do to save for it. The Rule of Thumb Percentage The simplest way to figure [...]

Top 5 Tips to Help You Boost Your Final Tax Refund

By |January 3rd, 2022|Categories: Tax|

Receipts may seem like irrelevant pieces of paper that you can simply throw away after receiving, but they have more to offer aside from a physical copy of your expenses.  In fact, receipts play a critical role in filing a claim for tax rebates and refunds. In Australia, the Commonwealth Bank found that missing receipts affect one in two Australians, resulting in almost $1000 not being included in tax reductions. If you're looking to get started on your case for tax rebates, here are some tips that may help you get everything in order, especially when it comes to handling [...]

Uber Driver Work Rights: Everything You Need to Know

By |December 27th, 2021|Categories: Uber|

It is always important to learn about worker rights, especially as the lines between employee and contractor are blurring. Like any legal system, there are many advantages and disadvantages. As an Uber driver, this is no exception. You need to learn your rights should any legal situation arise. Let's explore these rights in this article. Employee vs. Contractor Uber drivers are considered employees by the Fair Labor Standards Act (FLSA). This means they are entitled to at least the minimum wage and overtime pay. It also means they cannot be fired without good cause. But before you get too excited, [...]

How to Properly Lodge a Business Activity Statement in Australia

By |December 20th, 2021|Categories: BAS|

If your company is based in Australia, you must file Business Activity Statements (BAS) with the ATO, even if you did not conduct any business during the reporting period.  These statements are used to record and pay several sorts of taxes, such as the Goods and Services Tax (GST) you collected, Pay as You Go (PAYG) instalments or withholding, Fuel Tax Credits (FTC) and Fringe Benefits Tax (FBT) (FBT). Alternatively, if you pay a quarterly PAYG payment, you must additionally file a BAS.  The BAS is how your tax due is determined. However, the type of tax you must pay [...]

Step-By-Step Guide on Doing Your Uber Driver’s Tax

By |December 13th, 2021|Categories: Uber|

Driving for Uber can be a fun and flexible way to earn extra income. But taxes in the gig economy are complicated. If you've never had an ABN or run your own business before, then your Uber taxes can be tough to handle. Here are some important things to consider regarding how you manage your taxes as a rideshare driver. Step 1: Get your Tax File Number Your Tax File Number (TFN) is the business number on your tax return. It comes up on your tax return as the Australia Business Number (ABN). You have got to have one of [...]

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