mygov tax return as a uber driver myself

(Newbie)Newbie

22 July 2024

I'm currently doing my tax return by myself on MyGov. I selected "business/sole trader and partnership income," then chose "yes" under "personal service income" and confirmed that the activity test was satisfied by selecting "yes." The main business was automatically entered as "ride sourcing," and I entered the business activity number as 1.

I filled in the name and ABN of the Uber company, as well as the address, and then saved it.

Up to this point, it seemed correct, so I thought I was doing well, but now I'm encountering some issues.

Is it correct to fill in the "business income statement and payment summaries"? If so, when the gross payment is $15,780, how much should I write for the tax withheld? Should I choose "primary" or "non-primary"?
Under "business income or losses," do I enter my gross income ($15,780) under "net non-primary production" and "other business income"?
What is the "depreciation and capital allowances tool"? we need to click it?
For "motor vehicle expenses," what amount should be entered? Is it the fuel cost?based on my logbook? if i drive 6253km p/y how much is the fuel cost calculated?
Under "all other expenses," should I sum up the insurance, communication, and car wash costs?
Is it correct to have my gross income listed under "net non-primary production income or loss from business this year"?
Should the amount for "remaining net non-primary production income or loss from business" be 0. ?
Can I pass on the "business reconciliation items"?
Can I pass on the "loss details"?
Finally, for "deduction," do I select "logbook" and enter the total of all expenses (insurance, communication, fuel, maintenance, etc.) under "total expenses"?

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Matt_ATO

(Community Support)Community Support

24 July 2024

Howdy @Audri,

1. Yes, you should fill in the “business income statement and payment summaries” section.

For the tax withheld, you’ll need to refer to your annual Tax Summary provided by Uber. Look for the amount of tax withheld and enter it accordingly.

Choose “primary” if this is your main source of income.

2. Enter your gross income ($15,780) under both “net non-primary production” and “other business income.”

3. The “depreciation and capital allowances tool” helps you calculate deductions related to assets (e.g., your car). If you're claiming car expenses using the logbook method this tool can help you work out your deduction.

4. Not quite. If you're using the logbook method, this determines the proportion of business-related kilometres. You apply this proportion to the amounts you've actually spent on fuel and car expenses. For example, if you worked out you use your car for 80% business and 20% private then you claim 80% of your expenses as deductions. Check out more info about what you can claim.

5. No motor vehicle expenses go at that label. Other expenses are for any other costs you incur for your business.

6. Correct, your gross income should be listed here.

7. Is this pre-populated? It depends what your income vs deductions are.

8. Depends if it doesn't apply and lets you proceed then skip it

9. Depends if you have a loss

10. Depends if this is the method you've used - refer to 4

We can do our best to assist but if this is your first return and you're a bit unsure, you may want to consider using a tax agent to make sure you get it right.

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