Uber & Rideshare Drivers tax and Accounting
Suitable for rideshare driver or sole trader’s registered for GST
Our case studies showcase how some of our clients have chosen a package and customised it according to their particular situations. Each package can be tailored to ensure it meets your businesses requirements.
Case Study – Uber Driver
Our case studies showcase how some of our clients have chosen a package and customised it according to their particular situations. Each package can be tailored to ensure it meets your businesses requirements
Our client Carlos is a full-time Uber driver. At the end of one financial year, he was shocked when presented with an $11,000 tax bill which at the time he was unable to afford. As a result of not being able to pay the debt, he started to receive letters from the ATO threatening legal action.
With his previous accountant, he used to hand over his papers at tax time and then just wait for the bill. He never received any ongoing updates or reports about how his business was performing, so he had no idea on how to plan for end of year tax obligations.
When Carlos came to Y&S Accounting, we reassured him that all these problems were solvable. Carlos was set up with the Uber & rideshare drivers package, and he added bookkeeping as an extra service.
We processed all his business transactions in QuickBooks Online and connected his bank data feeds to his accounting software. This means we can now estimate what his overall taxable income for the year is every quarter, giving Carlos an understanding and reassurance around any liabilities before they are due.
We then made arrangements with the ATO to setup up a payment plan so Carlos could pay off his debt in manageable Installments. Carlos is now confident in the knowledge that his finances are under control and there will never be another nasty surprise at tax time.