I've done extensive work on the new v2.00 spreadsheet and there is a problem in the Summary tab regarding C39 (1B GST ON PURCHASES)
When I manually add them up in the expenses tab the total figure is shot compared to the yearly total
as seen in the screenshot its not adding up, i am putting everything iin the required field and it doesn't add up?
am i doing something wrong
its saying in week 2 my payout was 140.69 when it was actually $129.12
Thank you for your awesome Excel sheet.
However, as I can see your saying in below, the sheet may be updated recently.
Could you send a link to download the newest version Excel sheet?
And I have a question.
I have a previous Excel sheet.
The GST-PAY-Uber in summary sheet should be applied to the total fare? I think it should be applied to the Payout...
So confusing...could you explain?
Hi Ricdam -
Thanks for the excellent Excel sheets.
In cell K4 Personal services income is shown as equal to Uber Payout, but further down in K12 Uber Commission is counted as part of Other Deductions - shouldn't personal service income be before the Uber Commission?
Also in K4 PSI is shown as inclusive of GST - shouldn't this be before GST figure (if you're going to put it in your tax return)?
Hi, Ricdam, thank you for your activity sheet, it was awesome! However, I have some questions.
I'll start the Uber X driver from Feb 1st in Melbourne, and I haven't had any ideas of tax policies in Australia.
In the income sheet, what is the meaning of 'Yearly first income', and in the expense sheet, the meaning of 'Medicare Levy' & 'Uber cut'?
Also, I want to know how to calculate car depreciation.
Hi Ricdam, thanks for the excell sheet. I am looking at the forum and plan to start driving in the new year. Had my first Uber ride last friday and he was on his 4th day. It was good to see how the app worked etc. He was positive to. Any thoughts form you would be helpful regarding doing this or not. Jeff