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Over $22,000 in expenses and there's still 3 months to go.

Discussion in 'Sydney | Uber Drivers Forum' started by Laughter, Apr 4, 2017.

  1. Laughter

    Laughter Member

    I really needed to vent my frustation at this.

    Has anyone else noticed a similar pattern of expenses for themselves?
     
    Last edited: Apr 9, 2017
    Elepante Nathan likes this.
  2. i havent done mine yet tbh... but it aint gonna be pretty thats for sure......................
     
  3. Sunshine

    Sunshine Member

    Expenses from driving uber? Please elaborate.
     
  4. Syd-Uberer

    Syd-Uberer Member

    Are you driving full time? Unless you've had some accidents, I can't see where you've racked up that many expenses.

    Perhaps a new car under $20k? As long as you've got your receipts and can claim a decent portion of it then you should be fine. If you've got that many expenses then your income would be well over $100k from Uber.
     
  5. Sunshine

    Sunshine Member

    That's the biggest expense.
     
    skyco likes this.
  6. skyco

    skyco Active Member

    Agree
     
  7. Riders Champion

    Riders Champion Well-Known Member

    Yeah, I'm at $18k...
     
  8. Laughter

    Laughter Member

    i don't think accidents can be counted as a tax deduction....

    unless you are not at fault.

    can anyone shed some light upon this?

    it's mostly fuel, my commodore vtii supercharger car guzzles it
     
  9. Syd-Uberer

    Syd-Uberer Member

    I would think if you have accident repairs you can claim the same % as you used for all your expenses based on your logbook. I'm not an accountant, but would have expected all expenses can be claimed the same way.

    That's a lot of fuel, using premium 98?
     
    eXploitation and Saul Goodman like this.
  10. Depreciation on my car is $4000. So I am not surprised at these figures. I haven't done mine yet, very lazy, usually takes me till October to do it. I haven't paid any GST yet, waiting for a letter from the tax office. Have you all received those letters? I have read on UP that some have and some haven't. Hard to know who to believe over there.
     

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