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Hot hot hot TAX TIP!!

Discussion in 'Uber Drivers Sydney (all NSW towns)' started by Hamish Solomons, Apr 15, 2017.

  1. Each time you leave the express pick up booths at the int'l airport, grab a pile of receipts (and keep the highest grossing one), to claim on your taxes as a deduction.

    GST input credits are a godsend!

    We gotta notch up some wins in this tough job!

    IMG_4755.JPG
     
    Last edited: Apr 15, 2017
  2. skyco

    skyco Active Member

    Big like!
     
  3. mule

    mule Member

    If they do an audit and find out you've been claiming someone else's receipts paid with a MasterCard that is linked to someone else then you'll be in for fraud.
     
  4. mule

    mule Member

    And if you have to steal receipts to make
    uber profitable what does that say about Uber!?
     
  5. Riders Champion

    Riders Champion Well-Known Member

    Now Sydney Airport don't have to employ cleaners by the boom gates
     
    Syd-Uberer and mule like this.
  6. mule

    mule Member

    Honestly though I already have about 10 of these 'borrowed' receipts in my expenses folder.
     
    Riders Champion likes this.
  7. mule

    mule Member

    Speaking of tax would an Apple Watch be tax deductible if using it for Uber (as a timer)?
     
    Syd-Uberer and Riders Champion like this.
  8. skyco

    skyco Active Member

    Yes
     
    Riders Champion likes this.
  9. mule

    mule Member

    How would you explain it? And if you wear it when not working would you have to keep a log book to prove to the ATO what percentage is work related?
     
  10. skyco

    skyco Active Member

    Any device purchased to help you carry your work as a sub contractor is tax deductible. They are tools of your trade. Bluetooth ear piece and watch included.

    I am not an accountant but this is common knowledge.
     
    mule likes this.
  11. Riders Champion

    Riders Champion Well-Known Member

    Apply your regular logbook percentage. Dont need to log watch use.
     
    mule likes this.
  12. I tried this yesterday got me self a nice $24.50 one. need as many input credits as i can find
     
  13. skyco

    skyco Active Member

    I don't recommend over doing it.

    We may be very small sardines as far as the ATO is concerned but you never know, audit can be just around the corner.

    "In moderation" is the word.
     
    Elepante Nathan likes this.
  14. definatly! its why i just took one. plus it matches my online time in the queue. so its audit friendly.
     
    Syd-Uberer, Uberx zoom and Laughter like this.
  15. Laughter

    Laughter Member

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