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Becoming an Uber Driver in Australia_ Earning Potential You Should Know

Uber has revolutionized the taxi business, transforming both the riders and customer experiences in more ways than one. With that in mind, it’s not a surprise to see an opportunity to earn a living as an Uber driver in Australia. 

Uber profits from the commission it takes from the fares you earn. Uber takes an average commission of 25-30 per cent from what you earn, depending on the city you are working in. Uber pays for rider promotions and referral bonuses that have nothing to do with your work.

Uber takes out fees for itself and […]

By |2022-04-06T11:14:36+10:00April 6th, 2022|Categories: Uber|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

Tax Return Tips That Every Australian Uber Drivers Should Know

Tax season may be stressful and perplexing for many people. Usually includes paperwork, complicated tax requirements, and the search for all of those receipts from the beginning of the fiscal year. 

As the Uber App grows in popularity, so does the demand for Uber Drivers. If you’re an Uber driver, we’ll need tax-related information from you and certain tax deductions you could be eligible for.

Here are some Tax Return Tips for Uber Drivers to help you get the most out of your tax refund this year and where to find an Uber tax accountant: 

Income Tax 

By |2022-03-12T08:55:11+11:00March 12th, 2022|Categories: Uber|0 Comments

How Much Will I Make from Ridesharing: A Quick Guide

Are you thinking about driving for Uber? The process of figuring out how much money you’ll make as an Uber driver can be confusing. There are a lot of different fees and expenses related to driving for Uber, and it’s hard to know how much of your time will eventually be worth your time.

Here’s a breakdown of all the factors that affect how much Uber drivers will earn on average, in addition to details about cost-cutting measures and tips for getting the most out of your side hustle.

Factors That Affect Your Salary As an Uber Driver

1) […]

By |2022-03-02T08:41:55+11:00February 21st, 2022|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 |2021-12-01T05:21:46+11:00December 1st, 2021|Categories: Uber|0 Comments

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 |2021-12-01T06:39:50+11:00November 29th, 2021|Categories: Uber|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

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 […]

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