DriveTax Express Tax

 

Jess here, hello and welcome to DriveTax Express Tax! This form will gather everything I need to lodge your tax return.

Before you start, make sure you have all your documents ready as per the checklist below. For more detailed information on preparing for your tax return, check out our Get Ready Guide.

Once you’re ready, here are your next steps:

  • We strongly recommend using a computer, rather than a phone or tablet, to complete this form.
  • The form will take 20-30 minutes to complete, depending on how complex your return is.
  • It’s not possible to save your form as you go, so we recommend preparing all your expense totals before you begin. If you’re adding your figures up on the fly, be sure to write them down as well, or take screenshots or photos of your form entries as you go, just in case you need to stop and come back to your form later.
  • IMPORTANT! > Take care not to refresh the page, as this will reset your form and entries.
  • You’ll find explanations and tax tips for each question along the way
  • If there’s anything you’re unsure about, or if you have any deductions you’re unsure you can claim, you’ll find a comments box at the end of each section of the form. Feel free to write me a note, and I’ll get back to you when I process your return.
  • Once you’ve submitted your form, you’ll get a confirmation email right away. During peak tax season, I’ll begin processing your return within two to three weeks, or at quieter times of year it will be one to two weeks. I’ll always touch base to let you know of any delays.
  • Your tax return will be processed by me personally. If I have any queries or can suggest any potential extra tax deductions, I’ll be in touch via email and we can chat further.
  • Once your return is complete, I’ll email it to you for review and signature, together with your invoice and final instructions to arrange for lodgment.

If you need a hand along the way I’m here to help. Email me anytime at info@drivetax.com.au.

Chat soon!   – Jess Murray, CPA, Director, DriveTax

 

Get Ready Guide

 

  • Our Get Ready Guide explains how to prepare for your tax appointment, and what documents you will need.

Get Ready Guide

Pre-Tax Checklist

  • TFN, ABN & Bank Account Details – you’ll need these handy if you haven’t lodged with us before

  • Annual or Monthly Tax Summaries – for Uber we need your Annual Tax Summary (Lodging in July? If the Uber annual summary isn’t out yet, then you can send us your twelve monthly summaries instead). For DiDi, please download your Monthly Tax Summaries (not the Tax Invoices or Tax Statements). For Shebah we need your Monthly Income Summaries. For delivery companies such as DoorDash and Menulog, if they give you an annual tax summary you can send us that, otherwise just add up the total of your income deposited in your bank account. If you lodged your all of your BAS’s through DriveTax you don’t have to resend your income again.

  • Rideshare & Delivery Expenses – if you used the DriveTax Spreadsheet, you won’t need to enter your expenses here, you can just email us your spreadsheet once you’ve submitted your form. (Note that there are still some extra expense questions in the form below that you’ll need to answer). If you didn’t use the DriveTax Spreadsheet that’s okay. Instead, you’ll need your expenses totalled per category (e.g. totals for fuel, insurance, mobile phone, water, mints etc). See our blog post on Tax Deductions for Rideshare & Delivery Drivers to see what you can claim.

  • Logbook Percentage – if you kept a logbook, you’ll need to calculate your logbook percentage and then fill it into the Express Tax form below. See here for more information.

  • Car Purchase Invoice – if applicable

  • Interest Paid on Car Loan – if applicable

  • Employee Deductions – our Get Ready Guide above gives suggestions for deductions you can claim

  • Rental Property Details – see our Get Ready Guide above for the details you’ll need

  • Spouse Income – if applicable, just an estimate is fine

  • Last Year’s Tax Return – this is essential if you did not lodge through DriveTax last year and you claimed depreciation or had carried forward losses

  • Items You DON’T Have To Provide – the ATO will provide us with your employee payment summaries, Centrelink income, JobSeeker income, bank interest, dividend income, private health insurance, and HELP debts. You don’t need to send these items to us.

FAQ’s

Yes, the ATO will have get your payment summaries, bank interest, Centrelink income and Private Health Insurance. However these can take a few weeks to arrive after the end of the financial year.

 

No, but you need to keep them on file for five years after lodging your return in case the ATO asks to see them.

The ATO will accept bank statements or other electronic records for expenses under $1,000. If you don’t have any record then you cannot claim a deduction.

As long as the logbook started before the 30th of June you can use it for that year’s tax return. You will need to wait until the 12 weeks is complete before lodging your tax return.

If you didn’t keep a logbook then we will use the cents per km method instead. See our article on Tax Deductions for Uber Drivers for more information.

It depends. If you lodge your own tax return, or if you have lodged a tax return late in the past, it is the 31st of October. If you have always lodged your tax returns on time, and you will use DriveTax or another tax agent this year, it is the 15th of May the the following year.

From July to October please allow three weeks, although we do finish most tax returns sooner than this. At other times of year allow two weeks.

We will issue your invoice once your tax return is complete, and we’ll email it to you together with your tax return for signature. Once we’ve received your payment we can then lodge your return to the ATO.  We accept credit card, bank transfer and PayPal.

If you have a tax bill to the ATO, the due date will vary depending on when we lodge your return. We can delay lodgment of your tax return if you like, in which case your tax bill can be due as late as May, 11 months after the end of the financial year.  You can also choose to set up a payment arrangement with the ATO, you can read more about this option here.

The ATO’s standard processing time is 12 business days from lodgment. They will then deposit your refund directly into your bank account.

The ATO now send all Notices of Assessment to your MyGov. Allow two weeks after lodgment for your tax return to be processed and then you can log into your MyGov to download your Notice of Assessment.

 

IMPORTANT #1: Take care not to refresh the page, as this will reset your form and entries.

IMPORTANT #2: You won’t be able to save your progress (our software provider unexpectedly removed this feature), so please make sure you have all your details ready before you begin. Consider taking screenshots or photos of your form as you go, just in case you need to stop and come back to your form later. If there’s any one question that you’re stuck on, feel free to just pop a note in the comments section of the form to let me know the problem. Then you can keep going with the form, and we can chat via email afterwards to get your question solved.

 

 

 

If you need a hand we’re here to help. Contact us online anytime.

Let’s get started!