Rideshare TAX How Much Can I Make from Uber Driving: Average Expenses If you are thinking about starting a career as an Uber driver, it may be a wise move. Many people have benefitted from this lucrative career. But how much can you actually make working for Uber? In this article, we will break down the other expense categories from the charts in more detail. How Much Can I Make from Uber Driving: Average Expenses If you are wondering what kinds of expenses Uber drivers have, here is a list of the common expenses you will encounter should you choose this profession.  Uber’s Service Fees U ..read more

Rideshare TAX 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 easi ..read more

Rideshare TAX 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 t ..read more

Rideshare TAX 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: Business Expenses Self-Employment Expenses Let’s take a look at each of these, sha ..read more

Rideshare TAX 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 t ..read more

Rideshare TAX 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 ..read more

Rideshare TAX 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 fin ..read more

Rideshare TAX A Tax Compliance Guide for Delivery Food Partners and Riders Whether you’re between jobs or need to earn some extra cash in your spare time, working as a delivery partner for a food delivery service like UberEats, Deliveroo, DoorDash, or Menulog is a low-cost way to start earning money in your own business without needing to get an Australian Business Number (ABN). It’s flexible: you make the rules! However, there are some important things you need to set up and maintain in order to start working as a sole trader. In this guide, we’ll cover what you need to do to get started as w ..read more

Rideshare TAX 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 Dr ..read more

Rideshare TAX 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 f ..read more