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UBER pay actually goes negative !!!

uberparadise

Well-Known Member
Oil changes , wear and tear , gas, insurance, car washes / detailing , Health care , tickets , time wasted waiting and going to pickup locations. My CPA Fell out of his chair and shouted "Are u nuts? " you made nothing the past 6 months. Unless you are trying to offset your income with loses, you better rethink this endevour. I said " I pick my own scedule, work when I want, and it's Life changing money". He showed me the numbers and they were all in red ink. This new share technology can leave you broke!
 

SCdave

Well-Known Member
Oil changes , wear and tear , gas, insurance, car washes / detailing , Health care , tickets , time wasted waiting and going to pickup locations. My CPA Fell out of his chair and shouted "Are u nuts? " you made nothing the past 6 months. Unless you are trying to offset your income with loses, you better rethink this endevour. I said " I pick my own scedule, work when I want, and it's Life changing money". He showed me the numbers and they were all in red ink. This new share technology can leave you broke!
Hey, so where were you when Stephen Colbert needed a good staff writer when Travis K was on the Late Show last night?
 

Verdigo998

New Member
I have a sister in law that is a CPA. Does all my stuff for Free. I still break her off a little bit of change. But the way she handles my deductions... I owe nothing. I file head of house, get the child tax creds for both my kids, and claim about 6k per year in deductions because I got my car with uber help. I'd say that's a win...
 

pizza guy

Well-Known Member
CPA's are the new lawyer. They help write the laws that keep them in business and are totally out of touch with the real world.
 

pizza guy

Well-Known Member
Gotta get me a CPA certification.
Wouldn't be so quick. Law degrees are already as worthless as my psych degree and accounting degrees are the next bubble.
The single biggest problem with rewriting the tax code is that the tens of thousands of lawyers and CPA's who would lose there jobs are not qualified for the hundreds of thousands of middle class jobs that result.
 

mizzrock

Well-Known Member
Wouldn't be so quick. Law degrees are already as worthless as my psych degree and accounting degrees are the next bubble.
The single biggest problem with rewriting the tax code is that the tens of thousands of lawyers and CPA's who would lose there jobs are not qualified for the hundreds of thousands of middle class jobs that result.
I also feel business degrees/MBAs are going to burst. Everyone in San Francisco has a start up idea. Ugh it's disgusting.
 

pizza guy

Well-Known Member
I also feel business degrees/MBAs are going to burst. Everyone in San Francisco has a start up idea. Ugh it's disgusting.
Those are the worst. Out there they all rely on a MIT, Stanford, Cal, or U of I grads for the real tech ideas. Chicago is nothing but corporate headquarters staffed by MBA'sand CPA's.
 

Verdigo998

New Member
Naw. She just does my taxes for me. She knows all the loop holes and makes sure I never owe anything. Mind you she won't do it if it's not legit. So at least I know I'm covered. She also let me know what I need to keep as far as receipts and she had me set up a business bank account so that if I don't make enough money (hasn't happened yet) to cover my car note or whatever it doesn't fall on me. It's the business that takes the hit.
 

renbutler

Well-Known Member
If you use the standard mileage deduction, indeed you will likely come up negative.

But for drivers with a smart business plan, you should easily be able to beat the SMD with real-world operation and run a profit.

You'll also be better off not getting tickets...
 

everestsdad

Member
The smart business plan is not to drive for U. If all the energy folks were putting into driving for U was going into just about ANYTHING else would result in a better return. When are you people going to see the truth? U is nothing without the ones it treats like dirt. Just stop!!!! There is no hope for you if you do not help yourselves and driving for U is not helping yourself. Remember you lie to yourself more than anyone else in the world.
 

UberReallySucks

Well-Known Member
Oil changes , wear and tear , gas, insurance, car washes / detailing , Health care , tickets , time wasted waiting and going to pickup locations. My CPA Fell out of his chair and shouted "Are u nuts? " you made nothing the past 6 months. Unless you are trying to offset your income with loses, you better rethink this endevour. I said " I pick my own scedule, work when I want, and it's Life changing money". He showed me the numbers and they were all in red ink. This new share technology can leave you broke!

Or simply put; you're paying UBER to drive for them :smile:
 
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