People, especially students, are using uber as their part time and sometimes full time job in Australia, earning a handsome amount of money as an uber driver.
Uber Australia is basically the name of a cab company that has thousands of individual contracts with the owners of cars who want to earn with uber. These uber drivers and car owners drive their cars for uber as a cab for few hours or sometimes for the whole day and night. People book their ride from the application installed in their mobile and the available and willing uber drivers if allow the ride, pick up the passenger and drop them to their desired place on the decided fair.
The money paid to the captain has share of the uber company which is being paid to the company by the uber drivers. Seems interesting and profit earning? This is not the whole story, there is another side of story. Uber drivers have to face the tax problem being the shareholders and partners with the uber company as they have to show their income generated by uber to ATO. If they are earning the income more than 75000 then the drivers have to show their earning statement to ATO and get their income tax filed by the end of the year.
If you are an Uber driver and not filing your income tax statement of the income you are earning from uber then you can’t run away from ATO for long. Once you are caught by ATO you have to pay your tax debt with plenty. So uber drivers are recommended to pay an amount of money from their income to be paid at the time of tax payment so they do not have to get panic when asked.
Seems a difficult task? Well, not so. Income tax filing and payment has been made easy by the company. Now the uber Australia drivers have not to wait in the ques for the income tax submission. You can file your income tax statement and pay taxes through online system. The website alitax . com .au can make your work easy by filing the tax through certified tax consultant on your behalf.
Risks that you might face if you are not willing to pay your taxes:
If you are running from the income tax payment and trying to hide your uber income from ATO then it is pretty much understood that you can’t run away from ATO. You are rather burying yourself in a large ATO debt. So instead of putting yourself in a troubling situation try to mention your uber income in your income tax statement and pay the taxes as per prescribed by ATO. Because the company has mentioned in its agreement that uber Australia is not responsible for the income tax record of any of the uber partner that clearly means that if you get stuck in any problem then uber will not be going to help you get out of it.