Tax Savings Strategy 202 | Uber Partners
This strategy is about using your private vehicle to operate an Uber business and make additional income (whilst at the same time making your private vehicle expenses tax deductible).
- Fuel
- Registration
- Insurance
- Repairs, tyres and maintenance costs.
- Depreciation on the car purchase cost.
- Car purchase cost (if less than $20,000)
- Lease payments (if the vehicle is leased instead of purchased).
- Interest on any car loan.
- Rider amenities including water, mints, and newspapers.
- Tolls and parking.
- Police and medical checks.
- Mobile phone (business use percentage).
- Internet (business use percentage).
- Spotify subscriptions.
- Sunglasses for driving.
- Car cleaning costs.
- Bank fees (for Uber business bank account).
- Stationary.
Similar posts you may like
- Vanuatu
Capital city: Port Vila Currency: Vanuatu Read more
- Domicile Hedge Funds
Eighty percent of the world’s hedge funds worth US$800 billion are domiciled in the Cayman Islands. Hedge funds have been attracted to the Cayman Read more
- Tax deductible holiday working spaces
Holiday working spaces are work spaces in holiday destinations. The working spaces can be located literally anywhere in the world; including your favourite beach, Read more
- Ireland
Capital city: Dublin Currency: Euro (€) Read more
"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2