DriveTax Express Tax
Jess here, hello and welcome to the DriveTax Express Tax form!
This form will gather everything I need to lodge your 2020 tax return. (Yes you can lodge earlier years here too.) Before you begin, make sure you’ve checked out our Get Ready Guide and have your documents and information handy.
The form will take 20-40 minutes to complete, depending on how complex your return is. You can save your progress at the end of each section, and I highly recommend that you do so. Please take care to save your password as we’re not able to recover it for you.
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. I’ll usually begin processing your return within one to two weeks. This occasionally stretches out a little longer in tax time, but I’ll touch base and 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 email@example.com.
Get Ready Guide
Our Get Ready Guide explains how to prepare for your tax appointment, and what documents you will need.
TFN, ABN & Bank Account Details – you’ll need these handy if you haven’t lodged with us before
Monthly Uber Summaries – you can download these from your online Uber account under Tax Documents
JobKeeper Income – you’ll need to tell us the total of JobKeeper payments that were deposited in your bank account up to 30 June. For most people that will be the two payments received in early May and early June. The payment you receive in early July is not counted in your 2020 tax return because your income is reported on a ‘cash basis’, which means that income is counted based on what date it hits your bank account.
Summaries of any other Rideshare or Food Delivery Income – monthly or quarterly summaries only, don’t send weekly or per-trip documents
Rideshare Expenses – totalled per category (e.g. total for fuel, insurance, mobile phone, water, mints etc). See our blog post on Tax Deductions for Rideshare Drivers to see what you can claim. If you used the DriveTax Spreadsheet you’ll find the totals you need along the bottom of the purple section of your spreadsheet.
Logbook Percentage – if you kept a logbook you’ll need to calculate your percentage. 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 – employee payment summaries, Centrelink income, JobSeeker income, bank interest, dividend income, private health insurance, HELP debts. The ATO will provide this information to us directly.
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.