Monthly Archives: April 2019
Monthly Archives: April 2019
What do you think new drivers need to know before they sign up to drive, and how does that line up with what Uber and Lyft tells them?
It’s interesting to look at the gap between the realities of rideshare and the messaging we get from Uber & Lyft advertisements. Dustin over at Dustin is Driving on Youtube recorded a great video that covers the 5 things Uber and Lyft don’t tell new drivers, and it should help newer drivers discover the info Uber & Lyft left out of the TV commercials.
What’s going on all my new, current and future rideshare divers out there? Welcome back to the channel. Today’s video, I’m going to keep it 100 with you and tell you the five main things you need to know before you ever even consider becoming an Uber and Lyft driver. Because guess what? Let’s face, those commercials you’ve seen, are just BS and lies.
I found this out when a number of things happened at once.
First, I had a major repair expense, enough to wipe out all my Uber income for the past 5 months!
The major component that failed caused my car to stop as it came off the motorway while delivering two passengers to the airport.
Fortunately, I was able to flag down another Uber driver on his way to the airport and he was able to add my passengers to his. So at least my passengers caught their flight.
Was Uber driving the cause of the failure?
These are the last few comments left by Rideshare Guy subscribers on our website.
I'm including them here as Questions and Answers (without identifying the subscriber) as they may be useful to others.
Q: Hi, It’s been 4th month since I started UberEats and I have registred for GST. BUt I haven’t lodged Activity Statement yet. Should I lodge it or it only works for Uberx?
A: The BAS relates to any business that is earning an income, not specifically to UberX. So yes, you need to lodge it and show both your income and expenses relating to UberX, UberEats and any other business venture you may have.
Q: Can i ask how to sign amazon flex in australia, what is the link for sign up please. Thanks.
A: We posted about Amazon Flex way back in July 2017. You can read that post here: https://rideshareguy.com.au/amazon-flex/
What’s changed since then?
For starters, there seems to be very little information available concerning the opportunities in Australia. The first one that I found to even confirm that it had started up was from CNBC: https://www.cnbc.com/2018/02/26/amazon-has-started-its-delivery-service-in-australia.html
Weirdly though, I cannot find anywhere how to sign up to deliver for them in Australia. Every single site I found was US related, so I don’t know what’s happening here. I’ll continue to research and let you know if I find anything.
Q: Hi Guys,
is your income what you receive from uber in the bank or including there cut ?
Also are all other deductions claimable or income is net profit after all expenses.
can you please help me understand.
A: Strictly speaking, your income is the total of the two (your net + Uber’s charges) but then you claim Uber’s cut as an expense, so it’s only the net amount in the bank that you pay tax on.
And yes, you claim all other expenses to do with earning that income as deductions. That will include a portion of fuel, servicing, registration, insurance and so on. But don’t forget depreciation (it’s a big one) that applies if you own your car or are financing it through a chattel mortgage, in which case the interest component is also claimable. The portion that you can claim is the portion attributable to business and the best way to calculate that is by a 3 month log. Our website has downloadable spreadsheets to work all that out.
Other business related expenses, such as accounting fees and home office may also be claimable.
Q: I just want to thank you for all the great tips and info you are sharing.
5 Stars for you
A: Thank you so much. It’s very nice of you to say so.
Q: Uber is the most incompetent business I know of. They don’t have a business plan that they are willing to share and as you can see are totally unwilling to provide their income producers with any real answers. That is why I am doing something else and when it matches income I will ditch them completely.
A: I don’t disagree. I’ll be announcing shortly that I’ve stopped driving for Uber after calculating how much it was REALLY costing me. I’m now running an online business that anyone can do and it’s already bringing in far more than I was making with Uber and without any of the grief.nter your text here...