For taxi drivers
Expense tracking for taxi drivers has to cope with takings that arrive in every form: cards in the bank feed, cash and tips in your pocket, account payments on a network statement. Fin brings them into one record, keeps the work share of the cab apart from the private one, and keeps GST visible through the quarter, so the year adds itself up instead of being rebuilt from a shoebox.
Card payments arrive through your bank feed. Cash and tips you add yourself, and the network or operator statement can be imported as a CSV or PDF so the gross takings and any fees sit on the record. What you earned reads as one figure, not three piles.
Fuel, servicing, insurance, car washes and your phone plan are part work and part life. Set the work share once and it is carried through, so the claim rests on a method you can show rather than a number you remembered. 2Fin helps you find and organise potential deductions; always confirm what applies to you with your accountant or tax authority.
A weekly shift or lease payment to the operator is a repeating payment, and it is recognised as one: the next one shows in what is coming up, with its date, so a quiet week does not catch you out.
Photograph a fuel, repair or car-wash receipt at the time and it is read and matched to the payment. The record is made on the day, and a vehicle logbook is there for the trips themselves.
Taxi work has two rules most new drivers do not expect, and both shape how the books are kept.
A driver who is not an employee generally registers for GST whatever they earn, and usually reports on a monthly or quarterly activity statement; a driver who qualifies can instead pay quarterly instalments and report the actual figures once a year, so check which applies. With GST captured on each transaction as it lands, the activity statement is reading work already done. 2Fin helps you find and organise potential deductions; always confirm what applies to you with your accountant or tax authority.
The ATO’s record-keeping advice for taxi drivers includes total kilometres travelled, empty travel included, the shifts worked, total income and expenses, backed by receipts. A record of paid trips alone understates the work. 2Fin helps you find and organise potential deductions; always confirm what applies to you with your accountant or tax authority.
Three records carry most of a taxi driver’s year. Each has a natural source, and a gap in one usually points at the others.
| Record | What it should hold | Where it comes from |
|---|---|---|
| Takings | Cash, card and account payments, tips, tolls and extras | Bank feed, network statement, your own entries |
| Kilometres | Total distance including empty travel, and the shifts worked | Vehicle logbook, odometer readings |
| Costs | Shift rent, fuel, servicing, fees, with the receipt for each | Receipt photos, bank feed, operator statements |
Plain-English guides to the deductions that come up most for work like yours — what usually counts, what usually does not, and the records worth keeping.
Australia's GST has been frozen at 10% for over 25 years, partly because changing the rate legally requires the unanimous agreement of every state and territory plus both houses of federal Parliament.
Treasury states plainly that 'legislation requires that changes to the GST base or rate require unanimous agreement by all State and Territory governments, as well as both houses of the Australian Parliament' — a political straitjacket flowing from the 1999 Intergovernmental Agreement that has kept the rate untouched since 1 July 2000.
When GST arrived on 1 April 1994, Singapore simultaneously cut its corporate and top personal income tax rates by 3 percentage points (to 27% and 30%) — part of a deliberate shift from direct to indirect taxation, not an extra tax piled on top.
Both rates had stood at 40% prior to 1986; the move was made on the 1986 Economic Committee's recommendation that Singapore shift from direct to indirect taxes.
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Enterprise-grade data control is the default here — on every plan.
Your records can stay on your own machine or in your own cloud, telemetry stays off unless you turn it on, and Fin keeps an auditable record of everything it sends. Enterprise adds the people and the paperwork: dedicated support, custom deployment and reviews for large-scale operations.
Verify it yourselfAdd them as your own entries as you go, or import the network or operator statement as a CSV or PDF alongside the bank feed. Either way cash, tips and card takings end up in one record, which is what the year’s total needs to be built from. 2Fin helps you find and organise potential deductions; always confirm what applies to you with your accountant or tax authority.
Yes. Each source pays into your account on its own schedule and every payment is categorised as it arrives, so you can see what each brought in and what the driving earned altogether.
A shift or lease payment that repeats is recognised as a repeating payment, and the next one is shown with its date. Categorise it once as a cost of the driving and later payments follow the same treatment.
There is a vehicle logbook for recording trips, so the work share of the car rests on a record you kept at the time. Whether the logbook or cents-per-kilometre method suits you is a question for the guide and your tax agent. 2Fin helps you find and organise potential deductions; always confirm what applies to you with your accountant or tax authority.
It keeps your books rather than the cab: takings, costs, GST and receipts. The meter, bookings and dispatch stay with the network or operator, and their statements can be imported so the money side lines up with them.
One account, two lives, already sorted
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Let Fin handle the busywork while you get on with what matters.
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