17 07, 2019

Who is Rideshare Tax?

By |2019-09-30T20:16:02+11:00July 17th, 2019|Categories: BAS, GST, Logbook, Tax|Tags: , , , , |2 Comments

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 [...]

15 07, 2019

ABN/GST for UberEats and Food Delivery Drivers

By |2019-09-30T20:42:06+11:00July 15th, 2019|Categories: BAS, GST, Logbook, Tax|Tags: , , , , |2 Comments

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 [...]

15 07, 2019

6 simple steps for rideshare drivers to be tax ready.

By |2019-07-17T19:33:35+11:00July 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 |2019-09-30T21:09:20+11:00January 23rd, 2019|Categories: BAS, GST, Logbook, Tax|Tags: , , , , |2 Comments

Your car is potentially the most significant deduction in your Uber and ridesharing business and your vehicle logbook is crucial for your deduction. Rideshare Tax explains. Why do you need a logbook? Since you may use your car for both work and personal trips, you must keep a vehicle logbook to track all of your Uber and ridesharing business use. Your logbook tells us the proportion of your total car use that’s for your ridesharing business, so we can correctly calculate the amount of car-related expenses we can deduct - for both your Uber GST and Uber tax returns. What [...]

16 01, 2019

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

By |2019-01-17T10:36:25+11:00January 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 [...]