Small business tax offset - Ride sourcing and Food delivery

[#1]

To be eligible for small business tax offset (link below)

https://www.ato.gov.au/Business/Income-and-deductions-for-business/In-detail/Small-business-income-t... 

You must be carrying on a small business as a sole trader,

- Ride-sourcing eg Uber driver is consider as a small business? Is this income eligible for small business tax offset?

- Menulog Food delivery is consider as a small business? Is this income eligible for small business tax offset?

Thank you

[#2 · Accepted solution]

- Ride-sourcing eg Uber driver is consider as a small business?

Is this income eligible for small business tax offset?

Yes

- Menulog Food delivery is consider as a small business?

Is this income eligible for small business tax offset?

Yes

[#3]

Hi @Siri,

@Bruce4Tax is right - yes, yes, yes, and yes.

To give a little context on why...

You can check out your eligibility for the small business concessions on our website.

Both ride sharing and meal delivery courier services are contracted business services, meaning they are both a business in and of themselves.

A "small business" is one that operates for part or the full financial year and has a turnover of less than $10m (for the small business income tax offset, this limit is $5m though).

So provided the two business activities (ride sharing and meal delivery) totals less than $5m turnover, the business would be eligible.