Page 9 - drive a2b july 2020 web

fees to depots, networks, booking covers, stationery, signage and estimate the number of hours
service providers and merchants. sunglasses. Deductions can worked from home. This is then
It can also include commissions to be made for the purchase of multiplied by the relevant rates for
taxi brokers and Cabcharge as well equipment used whilst driving a the period the hours were worked.
as tolls, airport parking, the $1 levy taxi or hire car.
and group fees.
Taxi and hire car drivers also 8. Computer equipment
commonly purchase consumable
4. Licences and checks items for passengers. These can Taxi and hire car drivers could
include bottled water, breath use a mobile phone or navigation
To become a taxi or hire car driver, mints, chewing gum, hand system whilst driving, such as for
you will need a valid driver's sanitiser and tissues. The cost of navigating to pick up and drop off
licence as well as a driver and these items may be deducted for points. Taxi and hire car drivers
vehicle accreditation. There may tax purposes. who work from home may use
be costs associated with doing this their computer.
and these can be deducted in your
tax return. 7. Working from home If the taxi or hire car driver
expenses operates a small business, then
5. Clothing Taxi and hire car drivers commonly they may claim some or all of the
cost of purchasing their mobile
do some work at home. This phone and computer.
Taxi and hire car drivers are often work can include keeping up to
required to wear a compulsory date with the latest regulations,
uniform which is branded. If you reporting an incident, submitting 9. Mobile phone bills
purchased a compulsory uniform, BAS returns and paying work
then you may be able to claim this related bills. In addition to the cost of
amount. purchasing their mobile phone,
For the hours you work at home, taxi and hire car drivers can also
You may also claim the cost of you may be able to claim a claim a tax deduction for some or
cleaning a compulsory uniform deduction to cover expenses such all of their mobile phone bill.
as a tax deduction. You can claim as electricity, cooling and heating.
a cleaning deduction even if you If a mobile phone is also used for
washed the clothes yourself at Having a dedicated work area personal use, the portion of the
home at a rate of 50 cents per at home (e.g. in a spare room) mobile phone bill that is used for
wash if washed with other clothes increases the amount that can be taxi and hire car driving can be
or $1 per wash if the wash only deducted. deducted.
contains the uniform.
In the 2019-20 financial year a 10. Tax and accounting
6. Equipment and deduction can be claimed for
work performed at home between
consumables 1 March and 30 June 2020 even Taxi and hire car drivers generally
use the services of an accountant
if the taxi driver does not have a for bookkeeping and tax
There are several common pieces dedicated work area at home (e.g.
of equipment that taxi drivers works at the dining table). lodgements. The amount paid to
purchase for work. These can the tax accountant can be claimed
include a mobile phone holder, To claim a deduction for these as a deduction in the financial year
security camera, dash cam, seat expenses, all you need to do is it is paid.

DRIVE A2B magazine · www.drivea2b.com.au · July 2020 9