Uber drivers

July 30, 2017
2 mins read
Uber drivers

    As a Uber driver you already know that you are responsible for your own taxes. The up side of this is that you can take advantage of a number of tax deductions to maximize your returns. This means more money in your pocket.

    You probably already know that you can claim many of your bills when driving for Uber. But did you know you can use Veryfi to collect your receipts, stay organized and always be on time and prepared for tax time?

    Maximizing your tax returns

    Don’t loose those receipts! You will need them when it comes to tax time.

    Expense Deduction Category
    Gas / Fuel Schedule C (Form 1040) Line 9
    Maintenance Schedule C (Form 1040) Line 9
    Mobile Phone and Charger(s) Schedule C (Form 1040) Line 22
    Food and Drinks for Passengers Schedule C (Form 1040) Line 24b
    Car Washes Schedule C (Form 1040) Line 9
    Parking fees Schedule C (Form 1040) Line 9
    Tolls Schedule C (Form 1040) Line 9

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    How Veryfi works

    Veryfi is an operating system for your small business accounting. An intelligent system-of-record for your business tax receipts, invoices & purchases. Veryfi helps you remove friction from your bookkeeping duties so you can:

    (a) meet your tax obligations to the tax office,
    (b) maximize your tax deductions and
    (c) put an end to the monthly burden of manual data entry, general ledger coding & reconciliation.

    #1 Collect.. and your done

    Veryfi app identifies the document in real-time, crops it and extract all the document data it can see. Reducing the burden of manual labor data entry. And when you invite your CPA / Accountant to access your receipts, then your tax prep is also done since they get access to your tax deductibles in real-time. Easy right.