DriveTax Express Tax
Jess here, hello and welcome to DriveTax Express Tax! This form will gather everything I need to lodge your tax return.
IMPORTANT: Before you begin, please make sure you have all of your annual or monthly tax summaries for all of your rideshare and delivery companies, make sure all of your employer Payment Summaries and your private health insurance details (if applicable) are available on your MyGov, and check you have all other required end-of-financial year statements and documents. Please don’t start your Express Tax form until ALL of your figures and documents are ready to go.
- Before you begin, make sure you’ve checked out our Get Ready Guide and have your documents and information handy.
- The form will take 20-30 minutes to complete, depending on how complex your return is.
- You can save your progress at any time, and I highly recommend that you do so. We cannot recover your password if you lose it, so please be sure to write it down somewhere safe.
- You’ll find a comments box at the end of each section of the form, so if there’s anything you’re unsure about please feel free to write me a note and I’ll get back to you when I process your return.
- Once you’ve submitted your form you’ll get a confirmation email right away. During peak tax season I’ll begin processing your return within two to three weeks, or at quieter times of year it will be one to two weeks. I’ll always touch base to let you know of any delays.
- Your tax return will be processed by me personally. If I have any queries or can suggest any potential extra tax deductions I’ll be in touch via email and we can chat further.
- Once your return is complete I’ll email it to you for review and signature, together with your invoice and final instructions to arrange for lodgment.
If you need a hand along the way I’m here to help. Email me anytime at info@drivetax.com.au.
Chat soon! – Jess Murray, CPA, Director, DriveTax
Get Ready Guide
Our Get Ready Guide explains how to prepare for your tax appointment, and what documents you will need.
Pre-Tax Checklist
TFN, ABN & Bank Account Details – you’ll need these handy if you haven’t lodged with us before
Annual or Monthly Tax Summaries – for Uber and Ola, please download your Annual Tax Summary. For DiDi, please download your Monthly Tax Summaries (not the Tax Invoices or Tax Statements). For Shebah we need your Monthly Income Summaries. For delivery companies such as DoorDash and Menulog, if they give you an annual tax summary you can send us that, otherwise just add up the total of your income deposited in your bank account. If you lodged your all of your BAS’s through DriveTax you don’t have to resend your income again.
Rideshare & Delivery Expenses – totalled per category (e.g. total for fuel, insurance, mobile phone, water, mints etc). See our blog post on Tax Deductions for Rideshare & Food Delivery Drivers to see what you can claim. If you used the DriveTax Spreadsheet you won’t need to enter all of your expenses, instead you can just email your spreadsheet to us once you’ve submitted your form.
Logbook Percentage – if you kept a logbook you’ll need to calculate your percentage and fill it into the Express Tax form. See here for more information.
Car Purchase Invoice – if applicable
Interest Paid on Car Loan – if applicable
Employee Deductions – the Get Ready Guide above gives ideas of what you can claim
Rental Property Details – see our Get Ready Guide above for the details you’ll need
Spouse Income – if applicable, just an estimate is fine
Last Year’s Tax Return – this is essential if you did not lodge through DriveTax last year and you claimed depreciation or had carried forward losses
Items You DON’T Have To Provide – the ATO will provide us with your employee payment summaries, Centrelink income, JobSeeker income, bank interest, dividend income, private health insurance, and HELP debts. You don’t need to send these items to us.
FAQ’s
Yes, the ATO will have get your payment summaries, bank interest, Centrelink income and Private Health Insurance. However these can take a few weeks to arrive after the end of the financial year.
No, but you need to keep them on file for five years after lodging your return in case the ATO asks to see them.
The ATO will accept bank statements or other electronic records for expenses under $1,000. If you don’t have any record then you cannot claim a deduction.
As long as the logbook started before the 30th of June you can use it for that year’s tax return. You will need to wait until the 12 weeks is complete before lodging your tax return.
If you didn’t keep a logbook then we will use the cents per km method instead. See our article on Tax Deductions for Uber Drivers for more information.
It depends. If you lodge your own tax return, or if you have lodged a tax return late in the past, it is the 31st of October. If you have always lodged your tax returns on time, and you will use DriveTax or another tax agent this year, it is the 15th of May the the following year.
From July to October please allow three weeks, although we do finish most tax returns sooner than this. At other times of year allow two weeks.
We will issue your invoice once your tax return is complete, and we’ll email it to you together with your tax return for signature. Once we’ve received your payment we can then lodge your return to the ATO. We accept credit card, bank transfer and PayPal.
If you have a tax bill to the ATO, the due date will vary depending on when we lodge your return. We can delay lodgment of your tax return if you like, in which case your tax bill can be due as late as May, 11 months after the end of the financial year. You can also choose to set up a payment arrangement with the ATO, you can read more about this option here.
The ATO’s standard processing time is 12 business days from lodgment. They will then deposit your refund directly into your bank account.
The ATO now send all Notices of Assessment to your MyGov. Allow two weeks after lodgment for your tax return to be processed and then you can log into your MyGov to download your Notice of Assessment.
If you need a hand we’re here to help. Contact us online anytime.
Let’s get started!