I had been discussing UBER tax return and ways to maximise the GST refund and ways to minimise the tax payable in our blogs and Facebook on numerous occasions.
Today I will share with you my recent personal experience with a UBER driver this week.
Uber tax return
On Wednesday, as usual, I finished my work quite late, and was planning to walk for another 4 km back home,
However, the moment I stepped outside of the office, I noticed tiny little raindrops were falling onto my face. Scaring of the rain, I then called a UBER, and that is where the story began.
The UBER driver was an elderly gentleman, I jumped in, to be honest, I had to say, he shared with me some valuable insight into life and happiness.
He retired at the age of 52 after a massive heart attack. Before that, he was running a medium-sized business of around eight employees.
He would woke up early and finished late, and always worry about the business, the complaints and the management of the employees.
He felt the intense stress is the culprit causing the heart attack.
After retirement, one sunny day, he was looking at the family photos, he then suddenly realised those were the valuable time which he had missed.
Now, his daughter was already grown up, and tend not wanting to spend too much time with him.
He regretted the time he had but did not use to spend quality time with wife and kid when they were young.
He said the happiest time he enjoys now is to go home with the thought that his wife will dine with him, sipping wine, looking at each other, telling each other the jokes, and be content with each other and relaxing in each other’s presences.
He firmly whispers the words; success depends on your perception of being happy. I share the same view as him. I believe, Inner peace equals to inner happiness.
However, I do point out to him that all is good in working hard and drive UBER, but finding a great accountant and tax agent is the critical difference to ensure that your hard earned money does not necessarily all go to ATO.
With UBER, sometimes the game plan is not fair, the UBER driver will be charged GST on the full fare, however, the 25% UBER fee which UBER group charge usually does not have GST. Hence it is essential to note down other valid deductible items, for example, ensure you keep a proper log book thus you can maximise on the vehicle expense; with adequate categorisation, sometimes it is even possible to claim tissue, finger foods you buy and put in the car for the passengers to consume.
If you are UBER driver, would love for you to post some of your personal story on our Facebook.
We encourage you to do so, and by Christmas, the one with the highest number of likes will win a free tax return for the whole year from EndureGo Tax, that is a fantastic value of $726