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How to keep track of expenses for Uber

With the rise of rideshare apps like UberDiDiOLA and Shebah comes a rise in newly registered drivers. The ATO requires you to have an ABN and operate as a sole trader. Keeping track of your Uber expenses is the most important aspect of running a business as it dictates your profit margin. As they say, it costs money to make money. Here are ways to maximise your tax returns by keeping clean records and to keep the ATO off your back!

What records do I need to keep?

The ATO requires […]

$20,000 Early Access to Superannuation for Rideshare Drivers

Disclaimer

This is not financial advice. You should seek independent financial advice before making changes to your superannuation fund. 

The Changes.

Due to the impacts of Coronavirus, rideshare drivers now have access to 20,000 dollars from their superannuation account. Normally, you would have to wait until you’re 65 before accessing your superannuation. You do not need to pay tax on the amounts released, nor will it have any effect on Centrelink or Veteran’s Affairs entitlements.

Eligibility.

You must satisfy any one or more […]

ABN & GST for UberEats and Food Delivery Drivers

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 […]
By |2021-01-14T10:35:12+11:00July 15th, 2019|Categories: BAS, Food Delivery, GST, Logbook, Tax|Tags: , , , , , , |9 Comments
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