As a uber driver sole trader, my income should be reported as business income or personal service income?
If I do another labor job - distributing flyers, this should be reported together with ride share income under business income or seperate from Uber and report under personal service income?
Thank you
Business. Personal Services Income (PSI) is payment for your personal exertion or skills. Income derived from an asset (in this case a taxi) is not PSI.
Any other business income not related to Uber driving is reported separately. Either as PSI or on a separate business schedule.
Business. Personal Services Income (PSI) is payment for your personal exertion or skills. Income derived from an asset (in this case a taxi) is not PSI.
Any other business income not related to Uber driving is reported separately. Either as PSI or on a separate business schedule.
Thanks @Taxduck… So uber is under business. How about other side job in addition to Uber, like sending flyer to homes which I offer the service and issue invoice with gst to the company which hire me, it should be under PSI or Business? Thanks
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