Blog2020-02-13T20:06:12+00:00

DriveTax Blog

Uber Tax Tips and Information

Buying A Car For Uber

As an Uber Driver, your car is your most critical business asset, so it’s important to understand the tax implications before you buy a new car for Uber. In this article we'll explore all of the key tax issues around buying a car for Uber, including the Instant Asset Write-Off (did you know it comes with a nasty sting in the tail?), claiming GST, your different options for finance, buying new vs used, loans vs leases, the requirements for your invoice, and more.

How Much Will I ACTUALLY Make From Uber Driving?

How much do Uber drivers really make? If you're thinking about driving for Uber, this will be one of your most important questions. After Uber fees, taxes and car expenses, how much of your Uber fares will actually end up in your pocket? This blog post will help give you an understanding of the different factors that might affect your Uber earnings, how much will go to the tax-man, and how much you'll actually get to take home.

Uber BAS Explained – Ultimate Guide to BAS’s for Uber & Rideshare

If you’re an Uber or rideshare driver, you’ve no doubt heard that you must lodge a BAS to the ATO each quarter. But if you’re like most Uber drivers, it’s your first time running your own business and dealing with GST. Figuring out how to lodge your Uber BAS for the first time can be a challenge. So in this post I’m going to deep dive into BAS’s for Uber and rideshare drivers. I’ll explain how GST is calculated on your Uber and rideshare income, all the rideshare GST claims you can make, examples of what the Uber BAS statement looks like, and how to lodge your Uber BAS to the ATO.

Uber GST Explained – The Complete Guide to GST for Uber Drivers

If you're a new or prospective Uber driver, chances are this is your first time dealing with GST. Uber GST can be complex because the rules are different than for most Australian small businesses. So in this blog post I’ll explain the rules on whether you have to register for GST as an Uber driver, how GST on your rideshare income is calculated, and how to lodge your Uber BAS to the ATO.

Uber ABN’s Explained – How To Get An ABN for Uber & UberEats

All Uber and UberEats drivers must have an ABN. But if it’s your first time being self-employed then you’ve probably never had an ABN before, so there’s a lot to learn. In this article I’ll explain what an ABN is, the ATO’s ABN rules for Uber and UberEats drivers, and how to apply for an Uber ABN.

Uber Tax Explained – The Ultimate Guide to Tax for Uber & Rideshare

Uber taxes are a big learning curve for most Uber drivers. The ATO's rideshare tax rules are complicated, and if you don't keep the right records and save for your tax bill as you go, you may find yourself with an unexpected bill at tax time. So in this post, I'm going to explain everything you need to know to manage your Uber taxes step-by-step so you're prepared for tax time.

Saving For Your Uber Tax & GST Bills

Tax is an unavoidable part of being in business, but too often people find themselves in trouble with the ATO after tax bills accumulate. It's easy to find yourself continually playing catch-up, so a set routine for saving as you go is essential to avoid tax time panic. This article will help you stay on top of your tax obligations so you can head into tax time with the right amount of savings, and feel confident that you're properly prepared.

Seven Steps To Sorting Your Uber & Rideshare Tax Obligations

This post is the ultimate guide to Tax and GST for new Uber drivers. Learn how to get registered with the ATO, how to keep a logbook, what Uber tax deductions you can claim to minimise tax, and how to lodge your BAS's and tax return to the ATO. Everything Uber & rideshare drivers need to know to get started managing their Uber taxes in seven simple steps.

Is Uber A Taxi Service?

The ATO have deemed Uber to be taxi service under GST law, but not a taxi service under FBT laws. But can we really blame the ATO? Our tax laws written before smartphones were even invented. And so with the advent of rideshare we're suddenly left with an unfortunate contradiction that disadvantages Uber drivers. Only the Federal Government has the power to update our tax laws for the 21st century.

How To Claim an EV or Tesla on Tax

Working out your tax deduction for a Tesla or Electric Vehicle is challenging. In this article I’ll explain everything you need to know about tax for EVs, including how much you can claim for the purchase of a Tesla or other electric vehicle for rideshare or delivery work, how to calculate your tax deduction for electricity when charging your EV at home, and the tax implications of installing a Tesla Wall Connector or EV home charger.