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The Ultimate Uber Guide: Uber Tax Guide for Drivers

There is a growing number of people looking for another source of income, and one of the best ways to have another stream of cash is by being an Uber driver. While it has grown in popularity, many still have serious Uber tax problems and find that making tax payments are a bit difficult.

Seeing as Uber is a great and flexible way to earn a bit more income, taxes are still something you shouldn’t ignore, so it’s best to manage it right away. Because if you start driving without tax planning, you may get into serious […]

By |2022-01-19T05:20:28+11:00January 19th, 2022|Categories: Uber|0 Comments

Uber Driver Work Rights: Everything You Need to Know

It is always important to learn about worker rights, especially as the lines between employee and contractor are blurring. Like any legal system, there are many advantages and disadvantages.

As an Uber driver, this is no exception. You need to learn your rights should any legal situation arise. Let’s explore these rights in this article.

Employee vs. Contractor

Uber drivers are considered employees by the Fair Labor Standards Act (FLSA). This means they are entitled to at least the minimum wage and overtime pay. It also means they cannot be fired without good cause.

But before […]

By |2022-01-12T03:02:37+11:00December 27th, 2021|Categories: Uber|0 Comments

Step-By-Step Guide on Doing Your Uber Driver’s Tax

Driving for Uber can be a fun and flexible way to earn extra income. But taxes in the gig economy are complicated. If you’ve never had an ABN or run your own business before, then your Uber taxes can be tough to handle. Here are some important things to consider regarding how you manage your taxes as a rideshare driver.

Step 1: Get your Tax File Number

Your Tax File Number (TFN) is the business number on your tax return. It comes up on your tax return as the Australia Business Number (ABN). You have got to have […]

By |2021-12-23T09:26:46+11:00December 13th, 2021|Categories: Uber|0 Comments

An Uber Driver’s Guide to Taxes in Australia

Ever since Uber was launched in Australia, it has taken the country by storm and has actually become one of the most lucrative ways to earn additional income. While being an Uber Driver-Partner is an amazing opportunity, you need to be aware of some of the tax implications involved in it. The following is a tax guide for Uber drivers in Australia, so you won’t be surprised when the ATO comes knocking on your door for an audit.

Goods and Services Tax (GST)

Being an uber driver is a unique and flexible opportunity to earn a side income […]

By |2021-12-15T12:24:54+11:00December 1st, 2021|Categories: Uber|Comments Off on An Uber Driver’s Guide to Taxes in Australia

Understanding How Taxes Work for Uber Drivers in Australia

For most people, rideshare services are a lifesaver. It has completely changed the way people commute and travel. While it’s no secret how the boom in rideshare services has provided much needed convenient and reliable ways to get around, how has it affected drivers?

As the demand grows for more Uber drivers, more and more people are interested in becoming either full-time or part-time. Whether you’re an interested individual or a long-time driver, it’s essential to understand how taxation would work for you before submitting your application. 

Overall, basic tax principles still apply regardless of how […]

By |2021-12-15T12:25:19+11:00November 29th, 2021|Categories: Uber|Comments Off on Understanding How Taxes Work for Uber Drivers in Australia

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

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 […]

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