DriveTax Express Tax

 

Jess here, hello and welcome to the DriveTax Express Tax form!

This form will gather everything I need to lodge your 2021 tax return (and earlier years 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 20-30 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 info@drivetax.com.au.

Chat soon!   – Jess

 

Please Note:

It is recommended to complete this form on a computer if you have one, rather than on a phone.

 

Get Ready Guide

 

 

  • Our Get Ready Guide explains how to prepare for your tax appointment, and what documents you will need.

Get Ready Guide

Pre-Tax Checklist

  • TFN, ABN & Bank Account Details – you’ll need these handy if you haven’t lodged with us before

  • Monthly or Annual 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.  If you lodged your BAS through DriveTax you don’t have to resend these again.

     

  • Totals of any other income – if you drove or delivered for any other companies, or had any other income on your ABN, please add up your total income for the financial year as per your bank statements.

  • JobKeeper Income – you’ll need to tell us the total of JobKeeper payments that were deposited in your bank account for the financial year (not including employee JobKeeper, they will be reported by your employer). The easiest way to find your JobKeeper payments is from your internet banking. Jump back to one of your JobKeeper payments and make note of the description that appears on the bank statement. Then do a search for this phrase (make sure your search goes all the way back to the 1st of July 2020), and you should see all your JobKeeper payments for the year. As a guide, if you received the original JobKeeper you should have four payments (July-October). Then Extension 1 was three payments (November-January) and Extension 2 was three payments (February-April).

     

  • Business 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’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.

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!