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 […]

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 […]

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 […]

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 […]