Submit your BAS on your mobile for $49!

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AliciaF

Member
Uberpeople_Jul_Sep_BAS.jpg


Hey everyone,

Say goodbye to your accountant and hello to Airtax to complete your Jul - Sep BAS on your mobile for just $49!

In case you haven’t done so already, you can complete your ABN/GST registration for free when you sign up to Airtax.

Airtax was built for for rideshare drivers and is backed by PwC Australia (PricewaterhouseCoopers) - one of the world's largest professional services firms.

Find out more and sign up here.

Feel free to post any questions below and we’ll get back to you.

- Alicia
Airtax.io


P.S. if you haven’t done so already, you can use Airtax to lodge your income tax return too for $79.
 
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AliciaF

Member
Hi all,

Just in case you weren't aware, Airtax has an integration for Uber driver partners!

To simplify your tax, you can link your Airtax account with your Uber account. When completing your BAS submission, your earnings will be fed directly into Airtax. To implement this, make sure you select ‘rideshare driver’ in your Airtax account settings.

- Alicia
Airtax.io
 

AliciaF

Member
Another quick tip to get more out of Airtax....

You can integrate your Airtax account with any NAB bank account. Feed your transaction history straight into your BAS forms in Airtax for faster business deductions and maximised lodgements. Learn more here.
 

RexDaddy71

Active Member
Hi AliciaF,

I've had a quick look at the website. Is Airtax a simplified accounting system? If it is linked to an NAB account do I need to say what are expenses and what has GST included?

I have another business as well as Uber. Will Airtax be suitable for both or is it more suitable to businesses that rely on RCTI's (Recipient Created Tax Invoices)?
 

AliciaF

Member
Hi AliciaF,

I've had a quick look at the website. Is Airtax a simplified accounting system? If it is linked to an NAB account do I need to say what are expenses and what has GST included?

I have another business as well as Uber. Will Airtax be suitable for both or is it more suitable to businesses that rely on RCTI's (Recipient Created Tax Invoices)?

Hey RexDaddy71,

Airtax is a simple way for ride share drivers and other sole traders to complete their tax online without the need of an accountant. You can submit your BAS and income tax return on your mobile.

The NAB integration allows you to select, using a tick box, the transactions from your connected NAB account and add these to the BAS form.

Providing your business falls under the same sole trader ABN as your uber driving, you can use Airtax. Airtax is suitable for all sole traders.

I hope this helps! Have a nice weekend.

- Alicia
 

RexDaddy71

Active Member
The NAB integration allows you to select, using a tick box, the transactions from your connected NAB account and add these to the BAS form.

Can I differentiate between the "ticked" transactions that have gst and those that are gst free?
 

AliciaF

Member
Can I differentiate between the "ticked" transactions that have gst and those that are gst free?

Hi RexDaddy71,

Our integration to NAB provides information at a level of granularity similar to your experience in your NAB Internet Banking portal. The information provided to us via this integration contains only the transaction description and the amount, so unfortunately we are unable to determine which transactions do and do not have GST associated with them.

- Alicia
 

RexDaddy71

Active Member
Thanks for replying Alicia but I'm not sure you quite understand what I'm asking.

From what I can gather, in Airtax the bank account transactions go directly in and from this I can select which are business related by "ticking" them. From those ticked transactions can I then select which ones have gst and which ones don't?
 

AliciaF

Member
Hey there - almost, you tick the ones that are both business related and have GST.

You can ignore business transactions that do not have GST as are not required for the BAS submission.

- Alicia
 

WollyDriver

Well-Known Member
Actually, you do need to show on your BAS transactions that did not have GST included as well, so how can you suggest to just ignore them? Sure, they won't impact how much you pay, but you are still putting false information on your BAS.
 

RexDaddy71

Active Member
Hey there - almost, you tick the ones that are both business related and have GST.

You can ignore business transactions that do not have GST as are not required for the BAS submission.

- Alicia

Hi Alicia,

Me again.... according to the ATO, it is a requirement that GST Free purchases and sales are included when submitting your BAS. When I submit my BAS the GST free sales go in at G3 and the GST free purchases are included at G11.

Airtax seems to fill a nice spot between lodging the BAS manually and using a BAS/Tax agent and accounting software but how do I fulfill my requirements to lodge GST free purchases?
 

AliciaF

Member
Hi Alicia,

Me again.... according to the ATO, it is a requirement that GST Free purchases and sales are included when submitting your BAS. When I submit my BAS the GST free sales go in at G3 and the GST free purchases are included at G11.

Airtax seems to fill a nice spot between lodging the BAS manually and using a BAS/Tax agent and accounting software but how do I fulfill my requirements to lodge GST free purchases?

Hey there,

Sorry for the delayed reply!

There are no requirements to lodge GST free purchases as it is not essential to claim the GST associated on purchases.

Saying this, it is more important that the purchases are reported as capital and non capital in G10 and G11.

- Alicia
 

RexDaddy71

Active Member
Hey there,

Sorry for the delayed reply!

There are no requirements to lodge GST free purchases as it is not essential to claim the GST associated on purchases.

Saying this, it is more important that the purchases are reported as capital and non capital in G10 and G11.

- Alicia

I have been lodging BAS's for myself and my clients for over 8 years and have always included GST free items and purchases from suppliers who are not registered for GST in G11. As I stated above, I spoke with the ATO who confirmed that it is a requirement and even on your website (https://airtax.io/help_center/articles/9) it says...
You report your GST to the ATO on a Business Activity Statement or BAS. You must include particular information on the BAS, including:

-The total value of all your supplies;
-The total value of all your purchases; .....

I have searched through the ATO website, the Institute of Certified Bookkeepers online resources and cannot find anything to contradict what I believe to be correct. I'm happy to be proven wrong but would like to see something from the ATO, maybe a web link?

And what if I purchase a capital item that doesn't have GST in it, how do I then include that at G10?


Another concern I have is if this same data that is used to lodge BAS's is used to lodge Income Tax Returns then won't it be missing the transactions that didn't have GST in them but are able to be claimed at tax time.
 

AliciaF

Member
I have been lodging BAS's for myself and my clients for over 8 years and have always included GST free items and purchases from suppliers who are not registered for GST in G11. As I stated above, I spoke with the ATO who confirmed that it is a requirement and even on your website (https://airtax.io/help_center/articles/9) it says...


I have searched through the ATO website, the Institute of Certified Bookkeepers online resources and cannot find anything to contradict what I believe to be correct. I'm happy to be proven wrong but would like to see something from the ATO, maybe a web link?

And what if I purchase a capital item that doesn't have GST in it, how do I then include that at G10?


Another concern I have is if this same data that is used to lodge BAS's is used to lodge Income Tax Returns then won't it be missing the transactions that didn't have GST in them but are able to be claimed at tax time.

Hey there,

Thanks for your additional questions. I think these will best be answered by our tax specialist, Akansha. You can email her directly via [email protected]

- Alicia
 

WollyDriver

Well-Known Member
Maybe Akansha could come on here to discuss.
Or we could all email Akansha individually, and leave the question hanging here, so everyone who comes here will wonder whether airtax is usable or not....
Or Alicia could ask Akansha for the details, learn about your own product, and then let us know as well as any future potential customers.... So many options :smiles:
 

AliciaF

Member
Maybe Akansha could come on here to discuss.

Hi RexDaddy,

Sorry for the delay, I've obtained the following responses from our tax specialists..

In short, your capital item which does not have GST should be included in G10.

For example, if you made a single purchase for the period from a supplier not registered for GST for the amount of $1,000, your BAS would read G10 = 1000, 1B = 0. Saying this, you simply report any GST free purchases in the correct G10/G11 amount and do not claim any GST amounts these purchases.

As outlined by the ATO, GST free purchases can include purchases from overseas, purchases of farmland, donations, interest paid and other non-taxable importations.

This forum is for Airtax users: Uber drivers and freelancers. On the basis that Uber drivers and sole traders do not generally make overseas purchases, accept donations or make non taxable importations as part of their course of business, Airtax users should not be overly concerned with the purchase of GST-free items.

On this basis, we are not able to assist you further as this is not within our scope. Hopefully, this cleared a few things up for you!

And as always, you can email Akansha too if you wish to continue the discussion.

- Alicia
 
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