Understanding Your Uber Taxes

1. Understanding Your Uber Taxes An Uber driver-partner is not an employee, but an independent contractor. And therefore, the difference is huge while doing the uber tax returns. So, we are here to help you out in understanding your uber tax. If you have just started driving with Uber, then you would know what it feels to be the boss of yourself. It is the same as doing business, wherein your own determination and efforts will draw profits for you. But it also brings around the fact that you have to engage yourself with uber income tax filing and also HST. So, here are a few tips that will help you understand the taxes: According to Uber, you are an independent contractor to provide services and not an employee. Therefore, the taxes won’t be withheld from the payments instead you need to file and pay your own uber income tax and HST. Depending on the profits and income you make, you will be required to either do the uber tax return yearly or on shorter intervals. The once earning higher incomes are supposed to file the taxes either or monthly basis or at least quarterly. Certain parameters can be deducted while doing your uber tax such as mileage deductions, mobile phone expenses, city and airport fees, freeway and bridge tolls, electronic toll transponder, first-air kits, and all other amenities and facilities for the customers. One needs to be well aware of all the rules and laws related to the Uber taxes to help with the deductions and save some of your hard-earned bucks. This is exactly where experienced professionals can help you out with the taxes. With their experience in the field and expertise on this specific topic, you can definitely save more than spending some on hiring their service for the uber income tax returns. Contact: Mohan Thava Mak Tax Services 4900 Sheppard Avenue E, Unit 1B Scarborough, ON M1S 5M9, Canada. 6474351087 info@maktax.ca https://www.maktaxservices.com/