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How to lodge a Tax Return as a Sole Trader on MyGov: A Guide for Uber, Amazon, and Menulog Drivers 

Money with Dan
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In this Video you will learn how to link your myGov account to the ATO for the first time. Linking you myGov account to the ATO will allow you to prepare your own tax return this year for FREE! It will also allow you find lost Super and keep you updated on your latest superannuation account balance.
Common questions I get ask are "What's myGov" and "How to connect ATO to myGov?" and "how do i link ATO to myGov ?"
LINKS
💰 Use SHARESIGHT to track your shares - www.sharesight.com/moneywithdan/
(BONUS When you signup using this link, the first 4 months of subscription are free if you choose to upgrade to advanced plan and I may get a small my commission at no extra cost to you, so we both win!)
💰 The Excel Template that I use to track my taxes can also be purchased at my online store here: www.etsy.com/au/shop/MoneyWit...
💰 Capital Gains Tax (CGT) on Shares and ETFs for Beginners | Australia 2022 Tax Return • Capital Gains Tax (CGT...
💰 PAYG Withholding Variation for beginners • PAYG Withholding Varia...
OTHER VIDEOS
✔️ Tax File Number (TFN) Declaration Form | Explained | AUSTRALIA only • Tax File Number (TFN) ...
✔️ How to Enter ETF Tax Statement in MyGov Tax Return with no Pre Fill | 2022 Australian Tax Return • How to Enter ETF Tax S...
✔️ Why my 2022 Australian TAX REFUND was higher than normal 💰💰😄 • Why my 2022 Australian...
✔️ Higher WORK FROM HOME deduction in your 2022 Australian Tax Return • Video
✔️ SUPERANNUATION standard choice form | EXPLAINED • SUPERANNUATION standar...
ATO LINKS
🔗 my.gov.au/
🔗 www.ato.gov.au/Calculators-an...
🔗 MyGov help login.my.gov.au/mygov/content...
🔗 Work from Home Expenses instructions and COVID-19: www.ato.gov.au/general/covid-...
🔗 Carry forward unused concessional contributions www.ato.gov.au/individuals/su...
🔗 Claiming deductions for personal super contributions www.ato.gov.au/individuals/su...
DISCLAIMER: it is important to note that the information in this video is for general information and entertainment purposes only and is not a replacement for professional advice. Money with Dan is not a financial advisor. You should consider seeking independent legal, financial, taxation or other advice to check how the information in this video relates to your unique circumstances.
myGov gives you access to many government online services in one place, including the ATO. You can Link your myGov account to the ATO and you can manage your business and tax online.
How to link ATO with myGov
Sign in to your myGov account then Select the Services tab on the myGov home page.
Under the heading Link a service select Australian Taxation Office and choose Questions specific to you and answer two questions about information relevant to your tax record.
myGov how to link ATO
These steps will demonstrate how to link myGov to ATO step by step
1. Go to my.gov.au and sign into your account
2. Now, navigate to the Services page.
3. On the list of member services, find ‘Australian Taxation Office’ and select to start the linking process.
4. You will need to agree to myGov storing your legal name and date of birth.
5. You will now need to provide additional information to identify your ATO record. You need to confirm your identity by answering a series of questions specific to you.
6. This will include providing your tax file number, given name, surname and date of birth.
7. Enter information carefully and accurately so that it will match your details held by the ATO.
8. Read and agree to the terms and conditions and select ‘Next.’
9. You will also need to answer two questions - specific to you
10. You have successfully linked your myGov account to your ATO record.
Here's how to link ATO to myGov and how to connect myGov to ATO
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Опубликовано:

 

6 авг 2024

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Комментарии : 25   
@brianna-ross
@brianna-ross Год назад
Thanks mate, this video was a huge help!
@MoneywithDan
@MoneywithDan Год назад
Thanks so much 😀
@rickyunitec3219
@rickyunitec3219 11 месяцев назад
Thanks for this mate. I just got accepted as an amazon delivery driver and im going to start come september 2023, and this will be my primary job for some time so i reckon i should record everything right? Petrol, kms traveled, date, etc. Any other vid on how to record expenses for tax return purposes? Cheers.
@MoneywithDan
@MoneywithDan 11 месяцев назад
Thanks for watching. Absolutely record all those expenses. There are more Australian videos about this on other channels. Best wishes!
@jawid_
@jawid_ 6 месяцев назад
Hi, can you show what answers you selected at 0:31 for the personal services income decision tool? Thanks
@MoneywithDan
@MoneywithDan 6 месяцев назад
Sorry I can’t remember as that video is a bit old now.
@MoneywithDan
@MoneywithDan 5 месяцев назад
Hi. I created another video that goes into this in more detail including psi answers. Watch here Sole Trader Tax Return: Step-by-Step Guide using MyGov ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-hpEG058bt4I.html
@Noeline999
@Noeline999 Год назад
I'm having trouble finding where you list expenses as a sole trader. I'm a photographer so have a few expenses I want to claim.
@MoneywithDan
@MoneywithDan Год назад
Thanks for watching. You claim business expenses in the business section which I show at 1:30 of this video. Claim the expense in the relevant section, otherwise enter in Other expenses.
@GroundskeeperNick
@GroundskeeperNick Месяц назад
hi, ive been doing uber eats for afew months now and i am curious what im supposed to do for the "tax withheld" section. I obviously havent had any tax withheld, and when i put 0 it gives me an error, any help would be awesome.
@MoneywithDan
@MoneywithDan 29 дней назад
Not sure but I created another video that goes into more detail that you can watch here: MyTax Tutorial: Personal Service Income for Sole Traders ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-OLRaVgEtPmM.html
@meroyatrama1677
@meroyatrama1677 17 дней назад
put double zero brother it works. if worked thank me later,
@HelgaChrist
@HelgaChrist Месяц назад
Hi! i'm getting lost here, I did ubereat by bike for like 2 months and earned $2000 last year, but how do I report my income as a abn? I only found many videos about tax return. I'm worried if I haven't report any abn income before end of financial year, thank you
@MoneywithDan
@MoneywithDan Месяц назад
From 1 July you will need to lodge you individual tax return where you will need to report this income less expenses in. I created a step by step video tutorial that goes deeper into this here Sole Trader Tax Return: Step-by-Step Guide using MyGov ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-hpEG058bt4I.html
@babrae
@babrae 7 месяцев назад
How to add income type of delivery driver
@MoneywithDan
@MoneywithDan 7 месяцев назад
This is usually written in the business description section at the beginning of the business schedule. This is usually written as close as possible to a standard description.
@Ful-OGold
@Ful-OGold 3 месяца назад
I don’t understand, why bother keeping receipts if you don’t even have to show them proof?
@MoneywithDan
@MoneywithDan 3 месяца назад
You need to keep them in case they audit you. If you don’t have receipts you would be in trouble.
@Ful-OGold
@Ful-OGold 3 месяца назад
@@MoneywithDan how do you know if they audit you?
@Jaiflyy
@Jaiflyy Год назад
not really good enough.. you need to go step by step to really help uber drivers this was way too confusing and your 5K views proves it
@MoneywithDan
@MoneywithDan Год назад
Thanks for the feedback.
@babrae
@babrae 6 месяцев назад
@@MoneywithDancan you please do this video soon in details description of delivery derivers income thx
@JolanDrovandi
@JolanDrovandi 16 дней назад
Horrible system, what were you thinking not doing step by step ?? Are you a mad man ?
@MoneywithDan
@MoneywithDan 16 дней назад
Funny you say that. I did another video step by step here: Sole Trader Tax Return: Step-by-Step Guide using MyGov ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-hpEG058bt4I.html
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А вы бы как с ним поступили?
0:22