FAQ’s2019-12-08T21:42:50+11:00

Our App

Our app is everything you need to record your income and expenses on the go as a Rideshare driver. Link your account with Uber and automatically download your income, tolls and fees. And the best part, come BAS time receive your FREE BAS report or we can lodge it for you.

As tax accountants, we noticed that a lot of rideshare drivers were unsure or unaware of their tax responsibilities. Or at least super stressed out about fulfilling them. And many suffered costly penalties as a result.

So we decided to put an end to that nonsense. With our app, you can fulfill your tax obligations with ease and confidence – so you can drive more and worry less.

The Rideshare Tax app is designed especially for rideshare drivers. Companies operating within this industry include Uber, Didi, Ola, Go Catch, Fab, Hi Oscar and Shebah to name a few.

Our app is also ideal for taxi drivers.

Absolutely! The app is a handy tool for your end of year tax return too.

We know you’re always on the road. That’s why we’ve made this super simple. All you need to do is:

  • Tap on the green + in the app for expenses
  • Enter your expense amount
  • Select the relevant expense category
  • Hit ‘save’
  • For expenses that apply to both personal and business use, simply enter the percentage used for business – then our app will calculate the deductible amount automatically. And you don’t have to worry whether or not GST applies to different types of expenses, it’s all pre-programmed for you!

Once you’ve inputted your expenses, we’ll calculate whether you owe the ATO or whether the ATO owes you (based on the GST you’ve collected and paid).

You bet. From services, registration and repairs to petrol, cleaning and insurance – we’ve got you covered! You can also capture a photo of your receipt and store it in the app. You will never lose a receipt again.

And be sure to check the app to view our checklist of possible deductions. That way you’ll never forget to deduct the right expenses!

Yes of course. You can take a photo of your receipts from within the app and save. At the end of the quarter, we can also email your free BAS report and all your receipts will be stored in the report ready to view if you ever need it.

There are two ways:

  • Link your account with Uber and download all your income, tolls and fees and then we will calculate the rest for you.
  • Tap on the green + in the app, select Income. Then select whether you earned your income from Didi, Ola or another rideshare company and we’ll calculate the GST for you.

This is a new feature we’ve added to help make BAS time more fun! See how you compare with your mates on a daily and quarterly basis and stay motivated. Just like a Fitbit but for rideshare drivers.

Upload a photo to your profile and share your results with your mates.

Should you choose not to participate, simply turn your public profile off.

Our Prices

You have two options.

  1. You can use the app for FREE and enjoy your free report or
  2. Have CPA accountants and registered tax agents review and lodge your BAS for $49.

Here is what you get:

  • Access to the Rideshare Tax app
  • Access to our expense tracker via the app
  • Quarterly BAS reports
  • Live GST reporting that shows how much GST you owe in real-time
  • Inbuilt digital logbook so you can track your kilometres with ease
  • A list of deductible expenses that can reduce your GST and income tax liability
  • Receipt capture, never lose a receipt again
  • BAS summary reports so you can monitor your progress
  • All your income and expenses summarised in one place, ready for your income tax return
  • Compete with your mates and see how you rank against other drivers

Yes. According to the ATO, Rideshare drivers are considered small business owners. And in Australia, businesses must register for an Australian Business Number (ABN).

Absolutely. We’ll get you set up – free of charge.

Yes, that’s right! FREE BAS reports. If you prefer to lodge your own BAS, then simply email your BAS report and lodge it yourself. Simple.

Your Quarterly BAS

It’s a Business Activity Statement – and all rideshare business owners are obliged to lodge one with the ATO every quarter. It ensures you fulfill your GST obligations such as reporting and payment.

  1. Tap on Personal at the bottom right-hand corner
  2. Select “BAS Lodgements”
  3. In the drop-down box select the quarter
  4. Check that the amounts are correct and then tap on Lodge Now
  5. Agree to the terms
  6. Tap Lodge Now

And that’s it.  In the next 3 business days, your BAS will be reviewed and lodged by CPA qualified accountants. You will be notified via email at completion.

We understand that apps aren’t for everyone. This is why we also have an online version, Backtrack BAS.

How does it work?

Simply enter all your income and expenses (for the relevant quarters) into our Backtrack BAS form – and we’ll take it from there.

Once you submit the form, we’ll review it and then lodge it with the ATO. You’ll receive a confirmation email once your BAS has been lodged, and all your documents from the ATO will be mailed to you directly.

Get started NOW. It’s time to get back on track!

It can take up to 5 business days for us to review and lodge your BAS.

It is best not to leave it for the last minute. We are always working round-the-clock at BAS time to ensure all BAS Statements are lodged on time.

After you’ve recorded your income and expenses in the Rideshare Tax app, our qualified CPA accountants and registered tax agents will prepare and lodge your BAS for you each quarter.

Or you can email your FREE BAS report and lodge it yourself.

Once we receive your BAS lodgement, our CPA Accountants we will review and lodge your BAS for you within 5 business days. You will receive an email from us with a copy of your Activity Statement and with payment options directly to the ATO.

You may owe the ATO a sum of money. This occurs when you’ve collected more GST than you’ve paid. However, if you’ve paid more than what you’ve collected, you’ll receive money back.

The BAS quarters are:

Quarter 1: 1 July to 30 September
Quarter 2: 1 October to 31 December
Quarter 3: 1 January to 31 March
Quarter 4: 1 April to 30 June

Yes! Our app includes a Live GST reporting system that tracks the GST you collect and pay in real-time. That means you’ll always know what to set aside for your BAS to help you manage your cash flow.

Yes. All income earned on your ABN must be recorded under the ‘Income’ section of our app, and you’ll have to pay GST on the total amount.

Your Logbook

All rideshare drivers must keep an ATO compliant logbook for 12 weeks. It assesses how often you use your vehicle for business, which is then used to calculate your GST deductions.

The ATO requires you to keep a logbook for 12 weeks with regular business use. You must record:

  1. The date and the odometer reading at the start of the 12 weeks.
  2. Your odometer reading at the start – and end – of your ridesharing working day. You can include:
    – from your home to your first passenger
    – from your last passenger back to your home
    – the kilometres between passengers.
  3. Your odometer readings at the start and end of all personal trips.
  4. Your odometer reading at the end of the 12 weeks.

To ensure that your logbook remains valid, you must also:
• Record the odometer reading at the start and the end of each financial year.
• Update your logbook every five years (or earlier if your business use changes).
• Let us know about long periods when you didn’t use the car for work.

You bet it can. Our inbuilt digital logbook takes the hassle out of recording your trips. Here’s how it works:

  1. Set up your logbook in our app
  2. Record your odometer readings at the start and end of your working day
  3. If you make any personal trips, record your odometer reading at the start and end of those trips
  4. At the end of the 12 weeks, you’ll be notified to close your logbook and your 12-week logbook will be emailed to your inbox.

And then we do the rest. The percentage of time your vehicle is used for business will flow to your quarterly BAS and annual income tax returns. This percentage is calculated automatically under ‘Car Expenses’.

You can make a reasonable percentage estimate of how often your vehicle is used for business. You can do this by referring to the actual kilometres travelled (found from your rideshare company’s online reports and data, car service records and other sources).

For income tax however, you’ll need a logbook if you plan on claiming more than 5,000 km worth of travel.

We also recommend keeping a logbook because it’s useful for maximising your deductions.

You still need to keep a logbook and show all the trips you’ve made, even if it is 100% business use.

If you don’t have a valid logbook, you may not be able to claim all of your car expenses. What’s more, your claim will be capped at a maximum of 5,000 kilometres a year, with the cents per km method. This works out to a maximum of $3,300 (5,000km x 0.66c per km). This is why we strongly encourage all our Rideshare Tax clients to keep a logbook.

  1. Tap on “Logbook” at the bottom of the screen
  2. Select the date of the trip
  3. Select the trip
  4. Tap on “Edit”
  5. Make the amendment
  6. Tap “Save”
  1. Tap on “Logbook” at the bottom of the screen
  2. Select the date of the trip
  3. Select the trip
  4. Tap on bin icon at the top right-hand corner of the screen
  5. Tap “Confirm”

Income Tax Returns

We complete your tax return for a flat fee of $99. Simply upload your documents, enter your expenses and that’s it.

If you prefer an appointment over the phone, then the $149 option is for you. We can lodge your tax return plus include a 15-minute phone consultation. We’ll email you a checklist of things to prepare before your phone consultation.

If you use the Rideshare Tax app and if all your income and expenses are entered, then we can use that data to lodge your income tax return. Quick, affordable and easy!

Get Started NOW!

We thought you might ask, so here are a few reasons:

Accurate: Our registered tax agents prepare and review your income tax returns with 100% accuracy.
Specialised: As rideshare industry specialists, we know all the deductions you’re entitled to for maximum savings – year on year.
Fast: You’ll get your tax back quicker than ever before.

It’d be an absolute pleasure to do your income tax returns. Get started NOW!

Your GST Responsibilities

Yes. Rideshare services are considered taxi travel services. Under GST law, you must be registered for GST regardless of your turnover. The $75,000 threshold DOES NOT apply to rideshare drivers.

Further information is available on the ATO website.

Yes. Regardless of whether you drive full-time or once a month, you must be registered for GST and lodge BAS statements.

If you are a taxi or rideshare driver, you are required to register for GST. If you do not, the ATO can register you and backdate your registration. You can also be subject to a penalty for Failure to Register. The ATO is also able to make an assessment of your net GST amount for a tax period.

Further information is available on the ATO website.

If you started driving before 1 August 2015, then you need to register from 1 August 2015.

If you started driving after that date, then simply register from the date that you first received income or incurred expenses (such as registration) after becoming a driver.

If you only drive for UberEats and your turnover is less than $75,000, then no. That’s because UberEats is not considered ‘taxi services’, and you don’t need to register if your turnover is less than $75,000.

However, if you’re an UberEats driver and a Rideshare driver, then you have to register and pay GST on all income – including what you earn from UberEats.

Here is our blog which explains the tax requirements for Food Delivery Drivers.

You only have one sole trader ABN and as a rideshare driver, your ABN must be registered for GST. Your rideshare income and other small business income will fall under the same ABN. Therefore, even if your annual turnover from your other small business is under $75,000, your total income from ridesharing and small business all attract GST and you must lodge a BAS every quarter.

No, you are not required as a rideshare driver as you will be driving a car or small van.

Rideshare Income

Simply link your account with Uber and all your income, tolls and fees will download automatically.

  1. Tap on “Personal” at the bottom right-hand corner of the screen
  2. Tap on “Linked Accounts”
  3. Select “Uber”
  4. Follow the instructions.

And that’s all. To check if your income and expenses have downloaded, simply tap on Home and you will see your data.

Please note: The net amount you receive in your bank account will always differ to what you see in the app. The app will display your gross earnings in Income and your fees and tolls will be displayed in Expenses. This is in line with the ATO reporting requirements.

We currently only have an integration with Uber. For the other ridesharing companies, simply enter the amount and upload your statements. We will review your statements to ensure you’ve entered the correct amounts.

  1. Tap on the green circle with a white + at the bottom of the screen
  2. Select “Income” at the top of the screen
  3. Enter amount received
  4. Tap on “Type” and select the type of income
  5. Adjust the date
  6. Upload your statement (optional)
  7. Tap “Save”

All income you earn on your ABN must be reported. Here’s how to enter your income from Didi:

  1. Tap on the green circle with a white + at the bottom of the screen
  2. Select “Income” at the top of the screen
  3. Enter amount received
  4. Tap on “Type” and select “Didi Income”
  5. Adjust the date
  6. Upload your statement (optional)
  7. Tap “Save”

All income you earn on your ABN must be reported. Here’s how to enter your income from Ola:

  1. Tap on the green circle with a white + at the bottom of the screen
  2. Select “Income” at the top of the screen
  3. Enter amount received
  4. Tap on “Type” and select “Ola Income”
  5. Adjust the date
  6. Upload your statement (optional)
  7. Tap “Save”

All income you earn on your ABN must be reported. Here’s how to enter your income from Shebah and other private jobs:

  1. Tap on the green circle with a white + at the bottom of the screen
  2. Select “Income” at the top of the screen
  3. Enter amount received
  4. Tap on “Type” and select “Rideshare Income”
  5. Adjust the date
  6. Upload your statement (optional)
  7. Tap “Save”

In this section enter income, you earned from other sources, for example, Airtasker, Airbnb, Food Delivery, other small business.

  1. Tap on the green circle with a white + at the bottom of the screen
  2. Select “Income” at the top of the screen
  3. Enter amount received
  4. Tap on “Type” and select “Rideshare Income”
  5. Adjust the date
  6. Upload your statement (optional
  7. Tap “Save”

In this section enter income, you earned from other sources, for example, Sharing Economy, Airtasker, Food Delivery, other small business.

  1. Tap on the green circle with a white + at the bottom of the screen
  2. Select “Income” at the top of the screen
  3. Enter amount received
  4. Tap on “Type” and select “Rideshare Income”
  5. Adjust the date
  6. Upload your statement (optional)
  7. Tap “Save”

When you sell your ridesharing car, the ATO requires you to collect GST on the sale and report this in your BAS. Here’s how to record the sale.

  1. Tap on the green circle with a white + at the bottom of the screen
  2. Select “Income” at the top of the screen
  3. Enter the amount received from the sale of the car
  4. Tap on “Type” and select “Car Sale”
  5. Adjust the date.
  6. Upload your receipts (optional)
  7. Tap “Save”

All tips from ridesharing attract GST and you must report this in your BAS. Tips received from Uber download automatically. Tips from other income can be entered as follows:

  1. Tap on the green circle with a white + at the bottom of the screen
  2. Select “Income” at the top of the screen
  3. Enter amount received
  4. Tap on “Type” and select “Rideshare Income”
  5. Adjust the date
  6. Notes: Enter a note and state “tips”
  7. Upload your statement (optional)
  8. Tap “Save”

The net amount you receive in your bank account will always differ to what you see in the app. The app will display your gross earnings in Income and your fees and tolls will be displayed in Expenses. If you subtract these amounts, it will equal the amount in your bank account.

This is in line with the ATO reporting requirements.

Rideshare Expense

  1. Tap on the green circle with a white + at the bottom of the screen
  2. Enter amount paid
  3. Tap on “Type” and select the category then select the expense type.
  4. Adjust the date.
  5. Upload your receipts (optional)
  6. Tap “Save”

Our app is designed around rideshare drivers and everything listed in the app is claimable. Here is a full list of what you can claim and where to find it in the app:

  • Fuel – Car Expenses
  • Insurance – Car Expenses
  • Registration – Car Expenses
  • Service & Maintenance (Oil, tyres and all car maintenance costs) – Car Expenses
  • Car Cleaning & Accessories (Regular car cleaning costs, car wash, dashcam, seat covers, car mats, hand vacuum, GPS – Car Expenses
  • Car Rental or Lease Costs (Maven, Splend etc – Car Expenses
  • Damage to car Car Expenses (Damage caused by passengers such as vomit, alcohol etc – Car Expenses
  • Parking fees (Cost directly related to your rideshare business) – Running Costs
  • Road tolls (Tolls directly related to your rideshare business) – Running Costs
  • Refreshments (Mints, newspaper, tissues and wipes) – Running Costs
  • Bottled water – Running Costs
  • Tax agent fees – Office Expense
  • Computer expenses (Computer, iPad, printers, mouse, USB) – Office Expense
  • Office supplies (Business cards, pens, notebooks, diaries) – Office Expense
  • Mobile phone (Phone bill, new phone, car charger, phone holder, screen protectors, phone cover) – Office Expense
  • Internet (Home internet, pocket wifi internet) – Office Expense
  • Music stream (Spotify, iTunes, Pandora Radio) – Office Expense
  • Uber fees – Fees & Commission
  • Other Rideshare Fees – Fees & Commission
  • Rideshare start-up fees (Driver accreditation, police and medical checks, working with children checks) – Fees & Commission
  • New car purchase (If you purchased from a GST registered dealer, you can claim the GST) – Other Expenses
  • Other Rideshare expense – Other Expenses
  • UberEats (All expenses related to UberEats) – Small Businesses
  • Airtasker (All expenses related to Airtasker) – Small Businesses
  • Sharing Economy (All expenses related to Sharing Economy business) – Small Businesses
  • Other small business (All expenses related to your other small business) – Small Businesses

Traffic penalty notices are not deductible.

When you purchase water from a supermarket, there is no GST and there is no need to include this in your BAS. At tax time, this is deductible. We have a section in the app for you to record your expenses, so it is ready for your end of year of tax.

How to enter Water Bottle Expenses

  1. Tap on the green circle with a white + at the bottom of the screen
  2. Enter amount paid
  3. Tap on Type > Running Costs > Bottled Water
  4. Adjust the date.
  5. Upload your receipts (optional)
  6. Tap “Save”

CAN’T FIND THE ANSWER TO YOUR QUESTION HERE?

We are always happy to help with any questions.
Call us on 1300 743 382 or chat online with us using our chat/message service in the bottom left hand corner of your screen.