gst

  1. Jack Malarkey

    ATO: How does GST work?

    From the Australian Taxation Office’s Small Business Newsroom: How does GST work? 23 December 2019 Goods and Services Tax (GST) is a 10% tax paid on most goods and services sold or consumed in Australia. You must register for GST if: you run a business or enterprise that has a turnover of...
  2. Jack Malarkey

    ATO online services not available until 6.00 am Sydney time on Thursday 2 January 2020

    Tax Office online systems (including for lodging business activity statements) are down for maintenance and won’t be available until 6.00 am AEDT on Thursday 2 January 2020.
  3. 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...
  4. 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...
  5. S

    ABN and GST registration for Uber Eats?

    As UberEats driver only I have ABN but don't need to register for the GST. Correct? Do I have to enter the details of my ABN anyway and tick the box to confirm I registered for GST? Thanks.
  6. B

    Sell the car or use it to death?

    If you buy a brand new car, lets say a Hyundai Sedan for $16,000. You earn $130 per day after GST and Fuel 1) Do you use the car for UBER till 350,000 km, until the car becomes useless? OR 2) Do you wanna sell the car after about 100,000 km and buy a new car? Which one do you prefer?
  7. 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...
  8. 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...
  9. 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...
  10. 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...
  11. B

    Have you opened a business transaction account for UBER

    Have you opened a business transaction account for UBER so that the earnings and spending for your business can be tracked easily? This would come handy at TAX times ans also in GST. Could you recommend me a good bank as well? Thanks
  12. 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'...
  13. 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...
  14. 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...
  15. 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/.
  16. 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...
  17. 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...
  18. 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...
  19. 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.
  20. N

    Any international students/workers working on uber?

    I have question about the GST registration that Uber asks us to do. I'm new to the country and I'm starting to drive for uber. I know that we need to register for GST but they won't let me do it online. I called CRA and they said I needed to register by mail as a non-resident. Has anyone...
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