Are you unsure of your tax obligations as an Uber driver in Australia?
Turn to Taxwise Tax Accountants to do your Uber BAS and tax return this year. You will benefit from our extensive Tax, BAS and GST knowledge, with over 41 years in the tax industry Taxwise Australia is Perth’s leading tax specialists.
Taxwise Australia are committed to delivering Uber Drivers a personalized and flexible service that that allows us to save your time and your money. Taxwise Tax Accountants will meet with you at your home so we can better understand your lifestyle as an Uber Driver and specific business and tax needs. This ensures you don’t miss out on any opportunities to maximize your tax savings. Because Taxwise Australia come to you, we’re also ensuring your personal and confidential records remain secure.
For most Uber Drivers this will be your first tax return with an ABN. Taxwise Tax Accountants will guide you through the process so you understand your tax obligations as an Uber Driver. Taxwise Australia will be here for you all year round to assist in your Uber tax planning and ongoing tax affairs as an Uber driver when your Uber or ride-sharing business needs us most. This approach helps Taxwise Australia help you minimise your taxes from day one through to retirement.
Frequently Asked Questions
What is a BAS?
BAS is short for “Business Activity Statement” and is a report of your earnings, expenses and GST that is issued by the ATO quarterly.
What if I haven’t registered for GST yet?
No problems, Taxwise Australia can register you for GST. We can even backdate the registration if need be.
When is my BAS due?
Here are the four quarters and the due dates for the BAS. When you use Taxwise you will receive more time from the ATO.
How do I pay my GST bill?
When Taxwise complete your BAS, we will also send you a payment slip to pay your bill. The ATO offer several methods of payment such as BPAY, credit card and direct deposit.
What if I only earned a few dollars this quarter, or didn’t drive at all?
The ATO will still require you to lodge a Business Activity Statement even if you have no or very little earnings. This way the ATO can monitor how much you are earning.
What if I haven’t done a logbook?
Taxwise suggest you get one straight away. You can pick up a cheap log book from Officeworks or News agency. There are a few other methods the ATO allow to estimate your car expenses. However none will be as accurate as logging your kilometers.
Do I need to keep record of my purchases?
In short, Yes. The ATO require you to keep your records for a minimum of five (5) years. When we come to do your Uber BAS or tax return we will run through some handy record keeping tips.
What if I haven’t received my BAS form?
Your BAS form may have been sent to you electronically. So be sure to check your emails. If you plan on using Taxwise to complete your BAS form, then you do not need the paper form because we can access this electronically through the ATO’s system.
What if I’ve stopped Uber driving permanently?
You should de-register yourself for GST which means you no longer are required to lodge Business Activity Statements quarterly for your Uber Driving. You can de-register for GST by calling Taxwise on 08 9248 8124 or the ATO on 13 28 66.
Next Upcoming Seminar
To find out more about your tax obligations as an Uber Driver, click on the link below to come to our next seminar.
5 July 2017