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Ride Sharing Tax

What are Annual Financial Statements?

We are here to assist you with your Business Activity Statement (BAS) and help you manage your GST obligations. Our team can handle the preparation and lodgement of your BAS to ensure accuracy and compliance with the Australian Taxation Office (ATO) requirements.

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How Can Amaze Accounting Help You?

Amaze Accounting can provide you with professional advice and guide you through the business registration process required by the various government agencies, saving you time and ensuring your business is set up correctly from the start.

Our Services include:

  • Advice about which business structure best suits your needs: sole trader, partnership, company or trust.
  • Assisting you with the application process for an Australian Business Number (ABN) and a Goods and Services Tax (GST) registration.
  • Helping you register a Pty Ltd Company, Partnership or a business name with the Australian Securities and Investments Commission (ASIC).
  • Guiding you through the process of registering for Pay As You Go (PAYG) withholding with the Australian Taxation Office (ATO) if you plan to employ staff.
  • Assisting you with the licenses and permits required to operate your business.

[FAQ’S]

Top Questions Answered

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Whether you will have to pay GST when delivering for Uber Eats depends on whether you also drive for a ride-sharing service.

If you drive for both Uber and Uber Eats, you will need to be registered for GST and pay GST on both your rides with Uber and food deliveries.

If you only deliver for Uber Eats, you do not have to register or pay GST unless your turnover is more than $75,000 a year.

Yes, you can claim GST credits on business expenses such as fuel, tolls, and service fees charged by the Uber platform if you are registered for GST. However, you need to keep in mind that these credits only apply to business expenses and any personal use of the car must be accounted for accordingly.

To register for GST, you will need an Australian Business Number (ABN). If you’re earning more than $75,000 per year from Uber Eats, or also driving for a “ride-sharing” service, you need to register for GST with the Australian Taxation Office (ATO)

If you have doubts, it is always best to consult with a tax professional or the ATO to get further guidance on your GST obligations as a ride-sharing driver.

No, if you are using your vehicle to commute to your main job and have the ride-sharing app on, but do not have any jobs or reject them, you cannot count those kilometers as business-related expenses. The main purpose of the travel is for you to get to your main job, which is considered a private expense.

You can only count the kilometers as business-related expenses when you are driving to collect a passenger and taking them to their destination. These are the kilometers associated with providing the ride-sharing service and earning income. Once you drop off the passenger, you can no longer count any further travel as a business expense.

No, once you have completed a ride-sharing job and dropped off the passenger, you are no longer travelling for the purpose of providing the ride-sharing service. The main purpose of the travel becomes getting to your main job, which is considered a private expense and not eligible for deductions.

Yes, if your only intention for the trip is to find ride-sharing jobs and earn income, you can count all the kilometers traveled as business-related expenses, from the time you leave your home until you return.

If at some point during your trip, you decide to change the purpose of your travel from business to personal, for example, you decide to meet up with friends, you can no longer count any further travel as business-related expenses. The change in the purpose of the travel means that it is no longer considered business-related and is now considered a personal expense.

No, if the main purpose of your trip is for private activities such as running errands, you cannot claim parking fees as a business-related expense, even if you have your ride-sharing app turned on.

Yes, if you drive to a specific location with the intention of finding ride-sharing work and earning income, and you incur parking fees in that location, you can claim those fees as a business-related expense. In this scenario, Gina can claim $5 parking fee as deduction. It’s important to keep the receipt or a record of parking fee along with the date, location, and the reason for the parking.