17 07, 2019

Who is Rideshare Tax?

By |2019-09-16T20:32:29+10:00July 17th, 2019|Categories: BAS, GST, Logbook, Tax|Tags: , , , , |0 Comments

We are often asked the same questions from our users and the public. Here is a little blog about us and what makes us different... Who is Rideshare Tax?  Rideshare Tax is a group of Melbourne based CPA Accountants and Registered Tax Agents who love everything about Uber and rideshare. We're based in Melbourne and we serve drivers all around Australia. What makes us an expert in tax for Uber and rideshare drivers? Well, there are a number of things. We're CPA accountants and registered tax agents. We have many years of experience and know-how to reduce your tax. One [...]

15 07, 2019

ABN/GST for UberEats and Food Delivery Drivers

By |2019-07-17T20:20:56+10:00July 15th, 2019|Categories: BAS, GST, Logbook, Tax|Tags: , , , , |0 Comments

This is the biggest question amongst all UberEats and Food Delivery Drivers, do I need an ABN and do I need to be registered for GST? Rideshare Tax can help clear the confusion.  It all depends on which category you fall into... Category A - You ONLY deliver for UberEats or other food delivery company.  If you fall under this category then the following applies to: You need an ABN. 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). [...]

15 07, 2019

6 simple steps for rideshare drivers to be tax ready.

By |2019-07-17T19:33:35+10:00July 15th, 2019|Categories: BAS, GST, Logbook, Tax|Tags: , , , , |0 Comments

Don’t get overwhelmed by your tax requirements! Rideshare Tax is here to help you. We will help you complete these 6 simple steps to stay on top of your tax obligations. Step 1. Apply for an ABN and register for GST As a member of Rideshare Tax, we will get you registered for your ABN and GST, free of charge. That certainly takes the hassle out of this step! The ATO requires all rideshare drivers to have an ABN and be registered for GST from the first dollar they earn. This applies even if you only drive occasionally. Normally an [...]

23 01, 2019

Keeping a logbook for your ridesharing business.

By |2019-07-17T20:43:19+10:00January 23rd, 2019|Categories: BAS, GST, Logbook, Tax|Tags: , , , , |1 Comment

Your car is an important, and potentially the most significant, deduction in your Uber and ridesharing business. Rideshare Tax will help you get this right as there is a bit of information to understand. Why do you need a logbook? Since your car may be used for both work and personal purposes, you must maintain a logbook to keep track of the Uber and ridesharing business use of your vehicle. Your logbook will tell us the proportion that your car is used for your ridesharing business, and then we can correctly calculate the deductible amount of car-related expenses for both [...]

16 01, 2019

Have you got what it takes? Tax savings, that is.

By |2019-01-17T10:36:25+10:00January 16th, 2019|Categories: Tax|Tags: , , , , |0 Comments

The Australian Tax Office (ATO) waits for no man. So when tax time comes around, you want your ridesharing business tax money sitting safely in the bank, ready to jump into action when the tax office snaps its fingers. Keep it safe. Keep it separate. Before you can stash away your Uber driver business tax dollars, you need a place to put them. Make sure that you open a separate rideshare tax bank account—as soon as you read this—if you haven’t already done it. Whatever you do, don’t keep your Uber driver tax money in with your general ridesharing business [...]