Uber Tax Returns – File the correct tax to ATO with expert assistance
Are you an independent Uber contractor to render rideshare services to locals? If yes, then you should understand your liability to pay tax on income earned. Being a cab driver you can earn passive income. But you need to pay taxes to the Australian Tax Office. In case of negligence, you have to face serious problems unless you do things correctly. So, to get your tax liability completed, Kirpa Tax Accounting is here to help. Lodge your Uber tax return Craigieburn with us to evade the complexity and delay associated with filing.
Uber GST calculation and tax filing
When you drive a cab with Uber, you are considered a contractor, not an employee. Hence, being a contractor you should stay familiar with your tax affairs and manage them efficiently. That’s why we work as tax accountants for Uber drivers in Craigieburn to assist them with complex financial chores. So, the income you earned through driving a cab should be mentioned on your tax return computation. Even if you earn less than 75000 AUD in an income year, you need to file a GST return. You need to pay 1/11th share of Uber fares to ATO as GST and keep track of all expenses for deductions.
Get registered for GST as an Uber driver
GST registration is needed since you require an Australian Business Number to file your taxes. This is a crucial number that you can use for all business transactions. So, being the leading tax accountants for taxi drivers in Craigieburn we apply your ABN. We register you for GST and file your return based on the fares you have collected. Also, we lodge your quarterly BAS statements to report on taxes and payments to ATO. If you fail to do this, you may get in trouble with the concerned tax authorities. Hence, we help you to evade such a situation with proper GST return filing with ATO.
File Uber tax with deductions applied through us
Generally, filing Uber tax returns is a complex task and it should be precise. Also, the financial data you provide must match with BAS and the fiscal logbook of Uber LLC as well. ATO has the authority to verify if you have submitted accurate and reliable tax information or not. So, to avoid any further consequences on your Craigieburn Uber tax return, we lead the task. We compute your exact income from Uber whether you drive fully or casually. Also, we make a check on deductions applied to provide you tax advantage. Car depreciation, fuel expenses, rental car charges, car repairs, and uber commission are some applicable tax deductions.
The final words
Consult professional tax accountants for Uber drivers in Craigieburn and simplify the tax filing process. Kirpa Tax Accounting provides you with guidance to make the process precise, quick, and efficient. Also, get a tax advantage with us by filing accurate returns on income earned through cab driving. Call us or WhatsApp for any query related to Uber GST and ABN.