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goods and services tax

  1. Jack Malarkey

    ATO: Having trouble paying?

    From the Australian Taxation Office’s Small Business Newsroom: Having trouble paying? 25 October 2019 Even if you can’t pay right now, talk to us so we can help. We may be able to offer you a payment plan tailored to your needs by taking into consideration your circumstances, and your...
  2. Jack Malarkey

    ATO: correcting tax mistakes

    From the Australian Taxation Office’s Small Business Newsroom: Need to fix something? 30 October 2019 As a small business owner you have a lot on your plate, including your tax and super responsibilities. It can be difficult to get everything right and sometimes mistakes happen. However...
  3. Jack Malarkey

    ATO: Cars and various tax thresholds

    From the Australian Taxation Office’s Small Business Newsroom: Cars and tax From 1 July 2019 the following car threshold amounts apply. Income tax There's an upper limit on the cost you use to work out the depreciation for the business use of your car or station wagon (including four-wheel...
  4. Jack Malarkey

    ATO: New (financial) year, new you!

    From the Australian Taxation Office’s Small Business Newsroom: New (financial) year, new you! 2 July 2019 As you gather your records this tax time, think about what has or hasn't worked well over the year. Make a new (financial) year resolution for your record keeping practices that's easy to...
  5. Jack Malarkey

    ATO: Earning income from ride-sourcing?

    From the Australian Taxation Office’s Small Business Newsroom: Earning income from ride-sourcing? 3 July 2019 Did you know, income earned from providing ride-sourcing services is assessable and must be included in your tax return? Whether you use a registered tax agent or prepare your own...
  6. Jack Malarkey

    ATO assesses taxi drivers at $1.30 per kilometre where proper records not kept

    Australian Taxation Office: Taxi cents per kilometre earnings rate The cents per kilometre earnings rate is the average amount of income earned by a taxi for the total kilometres travelled by the taxi in a year. The rate includes GST. It does not take expenses into account. It only measures...
  7. Jack Malarkey

    ATO makes public statement about income tax and GST treatment of Uber’s ‘driver appreciation awards’

    The Australian Taxation Office has made the following public statement about the income tax and GST treatment of Uber’s ‘driver appreciation awards’: Uber 'driver appreciation reward' payments In April 2019, ride-sourcing platform, Uber, paid some of its drivers a 'driver appreciation reward'...
  8. Jack Malarkey

    ATO: Wondering what an input tax credit is?

    From the Australian Taxation Office’s Small Business Newsroom: Wondering what an input tax credit is? 3 May 2019 An input tax credit is also known as a GST credit. It's a credit you can claim for the amount of GST included in the price of goods or services (the inputs) you buy for use in...
  9. Jack Malarkey

    Some musings on GST and its discriminatory application to rideshare

    1. Enterprises providing ‘taxi travel’ (including rideshare) do not benefit from the annual $75,000 GST threshold available to all other kinds of enterprise. 2. Australia is unique in having such a discriminatory exclusion in its GST/VAT legislation. 3. Uber’s response to any amendment of the...
  10. Jack Malarkey

    Senator Duncan Spender (Liberal Democrats, NSW) and GST policy

    Senator Spender has provided advice on his policy relating to access to the GST $55,000 threshold for taxi and rideshare drivers. See this Sydney thread for details: https://uberpeople.net/threads/response-from-senator-duncan-spender-liberal-democrats-nsw-to-gst-question.326773/.
  11. Jack Malarkey

    Response from Senator Duncan Spender (Liberal Democrats, NSW) to GST question

    At the last election, Senator David Leonhjelm (Liberal Democrats, NSW) committed to sponsoring and supporting amendments of the GST law to ensure that those providing taxi (including rideshare) travel have access to the same GST threshold (currently $75,000 turnover a year) as all other...
  12. Jack Malarkey

    ATO: ABN bulk cancellations

    From the Australian Taxation Office’s Small Business Newsroom: ABN bulk cancellations 2 May 2019 We will be conducting reviews on existing ABNs, which includes cancelling inactive ones. This helps to make sure the information on the Australian Business Register is correct and up to date. Your...
  13. Jack Malarkey

    ATO: Lodge online and get more time

    From the Australian Taxation Office’s Small Business Newsroom: Lodge online and get more time 2 May 2019 Most small businesses are eligible for an extra two weeks to lodge and pay their activity statement by lodging online. Depending on your business type, you have options for lodging...
  14. Jack Malarkey

    Private ruling request from ATO re GST treatment of Uber appreciation awards (bonuses)

    I have just made an application to the Australian Taxation Office for a private ruling on whether or not Uber’s appreciation awards (bonuses) are subject to GST. I will report back here when I receive a reply.
  15. Jack Malarkey

    ATO: Driving passengers for a fare?

    From the Australian Taxation Office’s Small Business Newsroom: Driving passengers for a fare? 20 November 2018 If you're going to provide ride-sourcing services, it's important to know your tax obligations before you start. Ride-sourcing is treated the same as taxi travel for GST...
  16. Jack Malarkey

    Ola introducing up-front fares in all Australian cities from Wednesday 3 October 2018

    Ola sent the following email to all its Australian drivers on Tuesday 2 October 2018 at 3.29 pm: PRODUCT UPDATE 'UP-FRONT FARE' Effective 03 October 2018, Ola will introduce an up-front fare feature in the customer app. This is designed to provide clarity for customers, providing even...
  17. Jack Malarkey

    ATO: Claiming GST credits

    From the Australian Taxation Office’s Small Business Newsroom: Claiming GST credits 22 June 2018 Knowing what you can claim as a GST credit can sometimes seem confusing. Here are five things you can do to get your claim right: 1. Claim within the time limit You can claim GST and fuel tax...
  18. Jack Malarkey

    ATO: Don’t delay your activity statement

    From the Australian Taxation Office’s Small Business Newsroom: Don't delay your activity statement 22 June 2018 It's important to lodge your activity statements on time. You have up to four years from the due date of your activity statement to claim GST and fuel tax credits. If you're...
  19. Jack Malarkey

    ATO: Getting the right advice on GST and tax

    From the Australian Taxation Office’s Small Business Newsroom: Getting the right advice on GST and tax 29 June 2018 96% of Australian small businesses rely on a tax or BAS agent to help manage their tax and super affairs. We work together with the tax profession to assist those small...
  20. Jack Malarkey

    Ola tax statement for final quarter

    Ola sent the latest Canberra edition of the Ola Pit Stop! newsletter to drivers on Thursday 5 July 2018 at 7.20 pm. This newsletter included the following important information about the tax statement for the fourth quarter (1 April to 30 June 2018): Q4 Quarterly Statement Please be advised...
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