Hi all uber drivers, i had signed up and drove for 5 weeks back in April 2016,now i'm totally not driving anymore. Do i need to cancel the ACRA i had registered or just ignored it since I only drove for 5 weeks?
Uber drivers don't know? only u know? yaya papayaYou should not be asking Uber drivers as they are unlikely to be accountants nor have the knowledge. Anyway, as far as I know, if you registered as a sole-proprietorship which is usually the case, it is fine to leave it alone. But if for whatever reasons you had registered it under a company, then it is best to cancel it to avoid annual fees/other costs etc associated with a company.
I would just leave it, and don't renew on expiry date. In life, never say never.Best to cancel. Besides the renewal fee, you have to submit income returns every reporting season if you keep it.