Property Accounting Category

Uber Drivers Can Claim an Immediate Tax Deduction for Capital Expenses Such as a CarUber Drivers Can Claim an Immediate Tax Deduction for Capital Expenses Such as a Car

25/07/202325/07/2023 BAS AgentBAS Agent 0 Comments

If you are an Uber driver did you know the ATO sees you as self-employed? Well yes that is the case and it means you have access to all the tax concessions available to small businesses, including the temporary full expensing of capital items available until 30 June 2023. That{...}

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Property Accounting Category

Sharing Economy Reporting Regime commences 1 JulySharing Economy Reporting Regime commences 1 July

02/07/202302/07/2023 BAS AgentBAS Agent 0 Comments

I have a lot of clients who earn income by providing taxi travel (including ride-sourcing) or short-term accommodation, and I make sure they’re aware of their tax obligations. From 1 July, the electronic distribution platforms they sell through will be required to collect and report seller transactions to the ATO as{...}

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