Lodge your 2020-21 Tax Return Find out more >

Rideshare Tax App Logo

A Guide to Bookkeeping for Self-Employed Taxi Drivers

When you’re a self-employed taxi driver, it’s important to stay on top of your finances. And a large part of that is attributed to your bookkeeping. But not everyone has the funds to hire a professional to balance their books. However, you can take charge of your own bookkeeping by at least knowing some of the basics.

Have an Organised System for Keeping Records

The most important aspect of bookkeeping is organisation. Organising all of your receipts, invoices, contracts, and other paperwork will not only make the process easier for you but will also make it easier for […]

By |2022-04-21T11:29:45+10:00April 11th, 2022|Categories: Tax|0 Comments

All You Need to Know About Uber Driver Tax Deductions in 2022

Uber drivers in Australia are like other employees, freelancers, and entrepreneurs: they must pay taxes. There isn’t a way to avoid this requirement, even when you’re self-employed. Most Uber drivers want to take advantage of the tax deductions available to hold on to as much of their earnings as possible.

What Can an Uber Driver Claim on Taxes in Australia?

There are two main deductions people can claim as an Uber driver in Australia:

  1. Business Expenses
  2. Self-Employment Expenses

Let’s take a look at each of these, shall […]

By |2022-04-06T11:14:23+10:00April 6th, 2022|Categories: Tax, Uber|0 Comments

All about the Uber Driver Tax Deductions for This 2022

As with anyone with a livelihood in Australia, an Uber driver must pay their taxes. In fact, independent contractors are required to keep track of their income and expenses related to their work in order to file their tax returns accurately. Since Uber is well-known for offering a large number of rides to drivers, they often have several deductions they can claim on their tax forms.

One of the most common deductions for Uber drivers is the expense for tolls and gas and the cost of acquiring and maintaining a vehicle. Before the Australian Tax Office (ATO) […]

By |2022-04-21T11:24:41+10:00March 21st, 2022|Categories: Tax, Uber|0 Comments

Beginner’s Guide to Goods and Services Tax for Uber Drivers

With an increased demand for more Uber drivers, more individuals are interested in becoming either full-time or part-time drivers. Whether you’re an interested individual or a long-time driver, it’s essential to understand how taxation would be handled for you before submitting your application. As Uber is a popular medium for earning nest egg monies, it’s crucial that you know how the Australian Taxation Office operates with Uber and its drivers. To help you out, here’s a brief guide on how taxes work for Uber drivers.

How Does GST Work for Uber Drivers?

If you do not drive for […]

By |2022-03-16T11:30:36+11:00March 16th, 2022|Categories: Tax, Uber|0 Comments

Uber Driver’s Tax Guide: What You Need To Know About Taxes

If you’ve just begun your journey as an Uber driver, then it’s understandable to be generally clueless about the inner workings of this business. And while people are often concerned with the driving aspect of the job, we find that the most common issue people have comes in the form of taxes. Indeed, doing taxes as an Uber driver can be confusing for some due to their lack of experience. To help remedy this, we thought it would be useful to put together a brief discussion regarding Uber drivers’ taxes. If this is something that you want to […]

By |2021-11-12T14:26:14+11:00November 12th, 2021|Categories: Tax|0 Comments

FAQ About Uber Tax in Australia

There are two kinds of tax applicable to Uber drivers – income tax and GST. Income tax is the same as what applies to everyone who earns a regular income. GST, on the other hand, is specific to rideshare drivers. 

In this post, the trusted accountants behind the Rideshare Tax app answer some of the questions you have about taxes for Uber drivers in Australia:

“Do I need to register for GST?”

Business customers in Australia ask for tax invoices for trips they take on corporate accounts. Therefore, your ABN is necessary for the generation of a […]

By |2021-11-12T14:16:35+11:00October 25th, 2021|Categories: Tax|0 Comments

Tax Payments for Rideshare Drivers: Using Tax Software

Food delivery services have long been a thing in Australia, but COVID-19 lockdowns accelerated its growth in just a few months. Over 5.5 million Australians aged 14 and up used meal delivery services in 2020 alone. That is 1.6 million more than the 3.9 million recorded in 2019. 

For this reason, companies like UberEats, Deliveroo, and Menulog have seen an increase in demand for their service. As such, they also increased their workforce to meet the people’s requests. That means more food delivery drivers need to report their income and lodge their […]

By |2021-10-19T18:35:24+11:00October 19th, 2021|Categories: Food Delivery, Tax|0 Comments

Important Tax Details and Reminders for Rideshare Drivers

Uber and rideshare drivers are covered by local taxes, whether they register and submit tax requirements or not. Like all other employed Australians, their work is under the jurisdiction of the Australian Taxation Office and is covered by the Goods and Services Tax (GST).

An organised and detailed record of all financial transactions is important to file proper taxes and receive deductions and exemptions. If possible, use the Rideshare Tax App for the most detailed and error-free tax filings, including claims and exemptions.

These practices are both for good business and proper government obligations. Read up […]

By |2021-10-19T18:52:53+11:00October 14th, 2021|Categories: GST, Tax|0 Comments

Register for an ABN for Uber & UberEats: A Guide for Drivers

Joining the sharing economy in Australia is a great way to earn flexible income. Some of the workers in this industry are drivers that work for Uber and UberEats, as well as DoorDash, Menulog, Amazon Flex, and more. They have the freedom to choose their work hours and have personal ownership of their work vehicle. Since they are considered independent contractors, they operate under a Sole Trader business structure. This means they are required to register for an ABN. 

Defining ABN

ABN, which stands for Australian Business Number, acts as the public identification number […]

By |2021-10-19T18:47:10+11:00October 14th, 2021|Categories: Tax, Uber|0 Comments

Breaking Down the Tax Deductions for Uber Drivers in Australia

Taking off on the road as a professional rideshare driver—be it under Uber, Didi, Ola, Taxis, and more—isn’t as straightforward of a path as it seems. Part of the bumps ahead includes managing your tax obligations every year since, as a rideshare driver, you’re considered as an independent contractor who needs a proactive approach to your taxes. 

While you have to take charge of reporting income and expenses in your tax return, along with the registration for Goods and Services Tax (GST), there is one silver lining that can make your experience behind the wheel better: there […]

By |2021-09-28T04:26:03+10:00September 28th, 2021|Categories: Tax|0 Comments
Go to Top