Uber Accounting – How To Track Your Taxes And Expenses Using Spreadsheets

Today, I want to walk you through a spreadsheet that helps drivers calculate their taxes, calculate their actual profit and calculate their losses.. I came across a guy named Bill Tesauro over on Reddit, and he pinged me about an amazingly detailed spreadsheet that he had made that’s actually pinned over on Reddit, r/uberdrivers, and it’s one of the top posts over there.

Track your actual Uber and Lyft earnings with the best spreadsheet ever

Bill inputs all of his earnings data every single day, reconciles it every single week, and then shares it, so that people like you and I and anyone who’s basically really interested in the numbers and calculating things like how much you’re actually earning and figuring out of your expenses. If you’re interested in that, this is definitely something you should check out.

Download the rideshare driver spreadsheet here.

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If you’re a beginner driver, I might hold off on this video. Come back at a time when you got the hang of things a little bit more, after a month or two. By then, you’ll really want to start thinking about how much you’re earning and how much you’re making. You can use a copy of his spreadsheet by downloading it.

In this video, I’m going to interview Bill and he’ll go over his spreadsheet. If you really do have an interest in running your rideshare gig like a real business, this is a great video because it really gets into the nitty gritty. And there’s definitely a lot of math involved and it’s a bit complex in that respect. But if you guys are interested in it and you want to practice and get better and understand how much you’re actually earning, definitely recommend you check it out.

So without further adieu, let’s see what Bill has to say. So Bill, why don’t you tell me, so how long have you been driving for?

Bill: It’ll be about a year coming up in March or April.

Harry: Right on, and what’s your full time?

Bill: Full time, I’m a corporate tax accountant for a software company out in San Diego, down in Sorrento Valley, like right by Qualcomm but not Qualcomm.

Harry: Very cool. So I used to live in San Diego for 10 years. I think I might have mentioned that to you. So I’m very familiar with that area. But cool, so we’re looking at your sheet right now. So first describe your sheet to me or for someone who’s looking at it right now and sees a lot going on and a lot of numbers. What does the sheet helps drivers with?

Bill: Okay, so this pretty much helps drivers figure out if they’re driving efficiently or not. Because everybody wants to get better at this and make the most amount of profit, maximizing profit. So, I want to help people on a per-mile basis maximize profits and on a per-hour basis. On a per-trip basis, you’re on your own, because I can’t figure how to make people ping me more. If you can figure that out, then everybody’s gonna make a lot more money. And it also helps you track your expenses for IRS purposes. Now, the IRS allows electronic equivalents versus handwriting in the ledger, and that’s exactly what we’re doing here, tracking all your data. So when you go to do your stuff in March or April, you know exactly where you stand.

Harry: Definitely, and yeah, obviously I can give that kind of standard disclaimer. We’ll do all this for informational purposes only. And anyone who’s using this, remember you’re on the internet, so use it, buyer beware.

Bill: I think I know what I’m doing, but…

Harry: But, yeah, I know, and I think so. That’s why I was excited when you shared this with me. And it’s taken us a while to hook up and finally get it done. But I think we are making it happen right now.

Bill: It can happen today.

Harry: So, you actually posted this on Reddit and it’s now one of the top pinned posts, it looks like. So why don’t you walk us through the sheet, maybe give us a brief overview of this page and we’ll quickly go through the others.

Bill: I made the little intro page to explain to it, give a bit of instructions. Also add a few links. So people ask me the same questions, “How are you going to… how is this applicable to my taxes?” So I said, “Everybody has to file a Schedule C and a Schedule of self-employment when they receive a 1099.” It’s just the business of what we’re doing here. And so I put in a couple links at the top, and one of the most important ones is the IRS Publication 463 that explains the commuting versus business miles. So that’s an important one. The other two are instructions. They’re basic, like line by line.

Then when we go down to the instructions starting on Line 23, it’s a bit of how do you enter your info on the Uber and Lyft tabs. It’s a little basic set up you have to do, but once you set it up correctly, you just pop it in every day.

Harry: Perfect. So what’s the type of driver, do you think, this sheet is going to help? Do you think this is for everyone or someone who has to be really interested?

Bill: It has to be people that are at least making more than $6oo in gross fares. If you’re not making more than that, you really don’t even have to file a Schedule C or S.

Harry: Okay, right on. But I mean as far as the knowledge that’s required of doing the sheet, do you think anyone can really do it? Is a pretty simple? Because looking at it right now, I see a lot, and that’s why when I first looked at the sheet, it was a little bit overwhelming. But I think once we get into it and you explain how it works and what you need to enter, I think a lot of people will probably be able to say, “Oh hey, this is actually a lot easier than I thought, and tracking all this information can actually help me a lot.”

Bill: Yeah, so for beginners, it’s definitely a little difficult as you need at least one payment statement. A payment statement, it’ll mirror the payment statement and it’ll make sense. That’s why I started putting the payment statements online so people could compare and say, “Once you figure out how to put the data in one time, two times, the rest will be fine.” But even veteran drivers can use it, because they may be using other apps through their iPhone or Android, and those are pretty easy to use. But some people like to take a do it yourself approach. So this is more, I guess, you can say for anybody that wants to understand the mechanics of it better.

Harry: Yeah, definitely. Okay cool. First of all, I like that you color coded those Lyft and Uber tabs. That’s handy. So, why don’t we walk through the first tab and let’s see what you got.

Bill: So let’s start with the Lyft tab, which is the pink tab. So what you would do is you would start all the way to the left, let’s say, Column D. For each day, you are going to put in your info. The gross fares will pop right up in your statement. For Lyft, I think you get an email versus Uber, you have to check your statement every day. You’ll get your daily statement, it’ll have gross fares. If you have any prime time fares, which is the Lyft version of surges, you would put those in separately from your gross fares, just so you can quantify, “Okay, I’ve been doing well with prime time, or no I’m not.”

Then we have Column F, for the miscellaneous, which is cleaning fees. If somebody barfs or they spilled booze or anything like that, you’re going to get maybe $50 to $200 fee, you’re going to put that in separately, because Uber takes their fees out of it differently. Actually Uber, doesn’t take any fees, or Lyft.

Surcharges and tolls may not apply to Lyft particularly, it’s more of an Uber thing.

Now here’s everybody’s favorite, the tips that you get driving for Lyft. Those are separate as well, because you keep 100% of your tips. So the Uber fees don’t come out of that.

They’ll summarize up into Column I.

And then column J and K, you can… if you only drive for Lyft versus Uber, this is where you would input your business miles versus your commute miles. That’s kind of a qualifying column meaning you’re going to choose if you want to give yourself more business miles or more commuting miles.

Harry: Right, and just to quickly explain the business versus commute, that would be like business miles would be while you’re on a trip or while you have the app on, driving around, looking for fares. And the commuting is if you live an hour outside the city and drive into the city to drive.

Bill: That’s perfect, that’s exactly how it’s described. So the second you turn that app off, and you’re on your way home, that’s a commuting mile. You can take that as a business expense, if you want to be aggressive. If not, that’s okay with me, but the IRS, you know…

Harry: Yeah, I think that’s what I mentioned in one of my podcasts. It’s one of those gray areas. If you want to take it, that’s you’re being aggressive, it not, you’re being less. Okay, Cool. So it seems like the inputs are pretty straightforward. The gross, prime time, the surcharges and tolls, the tips, any cleaning fees, and then the miles, if you only did Lyft. Are those the only inputs? And then obviously, for each day.

Bill: So you also have a gas estimate. I put it in Column M is a per gallon that you pay for the gas. So when you fill up your tank for the shift, or even earlier in the day, and it was $2.50 a gallon, you would input that and it will give a really rough estimate for your gas expense to your profit and loss statement, the tab that’s at the end. And it’ll just push it there automatically.

So then moving to the right a little more, we have columns to input your hours that you drive. You don’t have to be super exact with this. You can use full hours, you can even use half hours. That’s just more for you to make sure you’re putting… the time you spend on the road is being profitable. That’s one of those efficiency measures.

So, the number of trips taken, this one’s important as it’ll push and automatically calculate the rider fee. So based on the number of trips you did for the night, just remember to back out the cancellation fees, because those don’t count as actual trips.

Harry: Okay, that’s a good tip. Right.

Bill: Because some people just count up the number of fares for the night. No, you had two $5- cancellation fees, that’s not a real trip, don’t enter that.

Harry: Okay, how would you enter a cancellation fee?

Bill: So the cancellation fee, you just enter in gross fares as if you earned it, and then there is no trip for it at all. So it would be calculated in the gross fares.

Harry: Okay, perfect.

Bill: Now the number of airport fares is actually in addition to the number of trips. So if you’ve taken 10 trips and 2 of them are airport fares, you would still enter 10 trips in Column P and then 2 trips in column Q.

Harry: Got it, and I’m assuming that’s for the airport surcharge.

Bill: Exactly, for the stupid airport.

Harry: $4, what is it in San Diego?

Bill: Almost $4.

Harry: There we go. Okay, cool.

Bill: Moving along the Column S is the split fare fee. This is into the minutiae a little bit. It’s not as important, but if you want to make sure your numbers gel completely with your payment statement, it’s maybe $0.50 for two people. I think it’s a dollar for four people, you would input that there.

And the rest of the columns will repopulate. And then when you would do it is you would check your payment statement. The total earnings you have for the day, meaning your money, you would reconcile with Column B.

Harry: Perfect, and I think that’s an important step to note too, because obviously there’s a few different inputs, but you can pretty easily check with your payment statement. So the number from your payment statement needs to match up with which column? That total earnings column?

Bill: The total earnings column.

Harry: All right, perfect, so Column V as in Victor, perfect. Okay, cool, and so once you have that info, what can you do with it or how do you use it?

Bill: So this tab is kind of terrible for showing it, because I used the Uber as my main tab. So when we switch over to Uber, we’ll explain the efficiency ratio a little bit better.

Harry: Okay, cool. Yeah, let’s switch over and see what it looks like.

Bill: Okay, so now on to the black and white tab for Uber. So this is my main tab, because I started with Uber, so I input most of my pedigree information here.

Harry: Okay. So you update this every week too, is that right?

Bill: I reconcile it every week, but I update it every day. Yeah, well, in the winter not so much. In the summer months, I want to make sure I’m kicking ass. The winter, everybody’s just okay, maybe we’ll get guarantees at the end of the week, whatever.

So anyway, now this tab is very similar, just missing a column for tips, because we don’t get tips as Uber drivers. So you follow the same thing: Gross fares, surges, cleaning fees. Now surcharges and tolls, we don’t have a lot of these by us, but if you drive on toll roads, you will be reimbursed through Uber, if you pay for them, or maybe not, sometimes, you don’t. I’m trying to think what else. Yeah, just bridges, things like that, tolls, if you have to pay them, maybe they’ll kick you back $5. You would input that in Column G on this worksheet.

Harry: Well, you’re supposed to be reimbursed for tolls. It doesn’t always happen, so that’s why it’s good to… That’s a good point. That’s why it’s good to track it on your own, right? Because if you’re paying tolls, you want to make sure that you’re getting reimbursed.

Bill: Yeah, and you do bring up a good point there. So this worksheet also can be used if you need to contact Uber. If you’re looking and some numbers aren’t working out, or you’re missing money, you can go back and ask and use this and say, “Hey, this is what happened.” And you can send Uber support.

Harry: Okay, cool, so it looks like pretty much very similar to the Lyft tab and…

Bill: Exactly the same, all the way across to the top. Okay, so let’s scoot across to… Okay, so one column I want to note, which I did not in the other tab, was the Supplies column. And this, you can put in any kind of stuff that you buy for the passengers, such as gum, water, you buy some charging cords, because people yank them out all the time, things like that. If you want, you can input the dollar amount you spend on your phone mount things like that. It’s just mainly to roll up to those other expenses that you would put on your tax form.

Okay, so now, over to, let’s do the efficiency ratio. This is where all the fun begins.

Harry: All right, let’s do it.

Bill: So some people, like I said, are more do it yourself, they want to understand the mechanics of it. This is where now you get to understand why you’re inputting all this data. So for the gross metrics column, which is column Y,Z, and AA. So the first column is per mile. So you drove maybe 100 miles, you made $100. On a gross level, that’s a dollar per mile. That’s pretty good. Okay everybody wants to do it…but there are some days, as you can see here, where I’m at $0.36 per mile, that’s terrible. But as you said, some people have to spend an hour or let’s say 30, 40 minutes to drive downtown. That’s going to affect your earnings and this is where you can see that. It’s like, “Okay, maybe I should click my app on a little earlier and try to get a ride there.”

Harry: Yeah, good point. And I mean, I guess that’s a good point. You could probably test one week where you flick it on and get a few rides sort of along the way and see what your earnings look like. And then the next week, you don’t, and compare the two.

Bill: Exactly, this is comparative analysis. A lot of people hate it. But tax accountants, any finance people, everybody is going to go, “Wow I love the stuff!”

Harry: Yeah, even if it’s a lot of numbers, sometimes, it could be boring, but if it makes you more money, it’s all worth it right?

Bill: And that’s what the number one key is is maximizing profitability. We’re all out there, we’re going to make some money. We want to make sure we’re making the most money.

Harry: All right cool. So that’s a good one, so going to the right, it looks like you have per mile, per hour, and per trip.

Bill: Uh-huh, and they follow the same convention. So the per hour, the number of hours you put in for the gross fares, and you’re going to say, “Okay, I made $50 per hour, that’s not bad.” I mean, if you’re not beating minimum wage, you should probably stop doing it.

Harry: Yeah, agreed.

Bill: Even with the guarantees. Now the one that I hate the most here is the per trip. Because there is no way to improve this no matter what you’re doing. It’s just the winter is going to be slow. In the summer, that’s going to be your favorite stat. You’re going to love looking at that. Because you’re going to start getting 25, 30, you’re going to get huge trips all over the place. The other two, you can improve, that one, you cannot.

And one other important note is on the per hour and the per mile, don’t cheat when you input your hours just to make your own number look better, because you may be inclined to do so. You’re not helping yourself. This is to help you. You don’t have to show anyone this. This is just for yourself. So don’t cheat on the hours, because I would love to as well.

Okay, and then the next three columns, Column AB, AC, and AD, they all have red nos in them. So these will automatically calculate. And if you noticed down in the green, if they say yes, that means your beating your reference average up on the Row 6, which is your daily average. Those highlighted in boxed numbers are the aggregate average as you go. It’ll go up, it’ll go down, but if you’re getting beating your average, that means you’re doing better than yourself. That’s what you want to do. You want to try to beat those reference numbers week after week. An important thing is, though, on top of the gross metrics are those three boxes on there.

Then you have, as part of that beating your average, is the percentage. So you can see how bad you did. Let’s say the week for me, the first week of January there, January 4th to 10th, I did terrible. You can see all my percentages. They’re in the 30s, 40s, 70s. That’s bad. When you start beating your own averages, you’re going to start seeing percentages over 100%, like you see for the green columns for the second or third week of January there. That’s just another quantifying measure.

Harry: That’s a good way to quickly look and see if had a good week or a bad week.

Bill: Exactly, yeah. If you’re doing 200%, that’s good.

Harry: Right on. Okay, cool.

Bill: So moving along to the next few columns here under profitability, which is Column AH through AK, these are going to break down your actual dollars that you’re making. So you’ll get a pre-tax net profit which is your gross minus Uber’s fares, and then you’ll start there. And then you get your total expenses which is everything that’s getting pushed through your overall expenses that you input, like in supplies on the profit and loss statement. Let’s say you’re changing your tire, things like that. It’ll just stretch that dollar amount over the number of days you drive. So if it’s $400 and you’re driving for 10 days, that’s $40 per day. But as you drive longer and longer, that number goes down. And then you’ll, like I said, the total expenses, and you have your tax due, which that’ll calculate automatically as well.

And then the important column is Column AK. That actually tells you, let’s say you made $500 for the day, that’s your pre-tax net profit. And then you had expenses of $50, tax due of another $50, you’re left with $400. That’s the actual money, your basic profit that you made, even though Uber’s sending you whatever their money is, $500. That’s the money you actually made. That’s another one of those columns that’s important to people, because some people just see Uber pouring money in their bank. They’re like, “Awesome, that’s great.”

Harry: Definitely, that’s a good point to mention.

Bill: But that doesn’t account for your gas expenses. Some people separate their personal and business checking accounts, which that’s good too, but if you don’t do that, this is another way to measure those.

Harry: Okay, cool.

Bill: Okay, the last column is the same metrics as the gross metrics, just on a net basis.

Harry: Okay, perfect, awesome.

Bill: Okay, and then these two, both of these tabs, the Uber and Lyft tab will go… Let’s just wait for the sum page to load. So both of these will be pushed through and totaled to the summary page. This way, if your drive for both, you can look at them overall and say, “Okay, this is how much I’m making.” This also helps you maybe tweak, if you want to drive for Uber more, especially now with the guarantees, it’s definitely more profitable to drive with Uber versus Lyft, even though Lyft gives the power driver bonus and things like that, just because Uber’s paying you to sit around and wait.

Harry: So what are the key numbers to look at in your view? What should driver, if they’re gonna go through and do this analysis, what are the most important numbers to look at?

Bill: The most important numbers, let’s scroll over to the right here, and that’s these gross metric daily averages. Because of a lot of drivers say, “How much do you actually make?” And it’s hard to just say, “Oh, I make XYZ.” You want to give people a number. So you say, “Okay, on a gross basis,” because that’s what everybody measures their wages on, you’re at $1.25 per mile averaging. You’re averaging $35 per hour, sorry, $1.25 per mile, $35 per hour, and $15 per trip. That’s a good way to talk to another driver, on an apples to apples basis.

Harry: Yeah, definitely. Okay, cool, awesome.

Bill: Okay, so I guess we can move to the last two tabs. Okay, so we can start with the estimated tax tab. So let’s wait for this to load. So the estimated tax tab, a lot of numbers actually push to here automatically. So you won’t have to do much. So we’re specifically talking about Column D, that’s where all the numbers are. So anything that’s highlighted in pink there or bolded in pink, those are automatic links. You don’t even have to touch those. The car loan interest, so anything bolded in blue, those you have to kind of finagle with to me. So for example, if you finance a car versus leasing…

So just a note for everyone, don’t use Uber’s leasing program, it’s terrible.

Definitely finance a car, if you could, if you don’t already own one, because you get a tax deduction for your interest on your car loan, which not everybody knows that, but you get a little deduction there. So that one you’re going to have to input. Then you get a deduction for your taxes and fees that you pay for your car. Pretty much, the DMV fees, if you have to register. Like people in Southern California or even Northern California, we have to pay smog fees every year. And we have to pay a pretty high registration. I paid $200 this year for my car. That’s a lot of money. You want to take a deduction for that. And then the big one that everybody likes is the phone bill. So if you have a phone bill is almost $2500 a month you know you want to take a percentage of that as your deduction, because you’re using your talk, text, and data, to use the phone. So those, you have to finagle with a bit. And in the intro tab, there is instructions on how to set those up correctly before you move forward.

Let’s go down a little bit. So, okay, we’ll go down to the IRS schedules here. Right now, they’re all negatives because we just started the year. They will eventually become positive after you reach a certain break-even point past your expenses. I put in my car loan interest and the phone on a yearly basis, just because I’m not going to calculate every month.

Harry: Right on, so you already put in your yearly expenses. Obviously, you’re not going to be adding to that. So as you make more money, you’re going from negative to positive, basically.

Bill: Yes, so that’s a good note. You drive for about a month or two, probably past the third month, you’ll start to see actual taxable income. And then the numbers right here you will automatically filter down and you don’t even have to touch this. So within Line 44 is a little formula that you will have to edit. So a lot of people want to know when should I start withholding tax, what should I do? A good blanket number for most people is 15% on a federal basis for the IRS, and may be 10% on a state basis, just because I don’t know everybody’s state bracket. So what you would do is based on your previous year’s taxes, you want to figure out how much tax should I withhold?

Now if you have a primary W2 job, you can withhold taxes that way. You can increase your withholdings to take taxes out, so you won’t have to pay Uber tax or quarterly estimates. So you’d figure out, based on how much money you’re withholding from your other paycheck, and you pretty much put a little threshold number in here, and that’s the 1100 that I put in here. You can pretty much put in any number and once you reach that number of over and above that amount of tax, this will to change from no to yes, meaning you probably need to withhold a little more tax. And that’ll work the same way for the state.

Harry: So you put an 1100 in there, so what that means is that once you owe more than 1100 in taxes, you want to start withholding a little bit more, so you work a W2 job, so you would maybe up your number over there, right?

Bill: Exactly. That is 100% correct there. And now you if you are primarily 1099 for all of your jobs, you just may have to increase your quarterly estimate if you [inaudible 00:26:31].

Harry: Right, exactly. So you would have to save a little more or pay a little more for your estimated taxes.

Bill: Exactly. It’s very important that everyone knows that taxes, you’re going to have to pay them. So don’t skip out, don’t be scared, just pay them.

Harry: Okay, cool.

Bill: Okay, so this is a pretty easy tab, because everything just flows through. So now we’ll move to the profit and loss tab. Let’s wait for this to load for a second. So this is pretty much a personal view of how are you doing? Everybody wants to know where they stand throughout the year. So the first 12 rows, let’s say, that’s all your total earnings numbers. Everything is automatically pushed through from the both the Uber and Lyft tab to there, to all those pink highlighted or bolded numbers.

The deductions will come out automatically as well. Some people, some veterans will see 15%, some will see 20%, some will see 25%. That’s just based on whenever you signed up. Newer guys will probably see you 25%, as disheartening as that. Then you’ll get to your net earnings number in Row 21. That is your gross minus your total fees. So that’s your pay before you lessen for taxes and all that other stuff. Yeah, that’s a pretty good number on how am I doing. Okay, net earnings looks good.

So then we have your expenses incurred. Now these have no effect on taxes or anything else. What these are is really to measure, like I said, your overall expenses that you spend throughout the year, because people have a tendency to forget that. They say, “Oh, I’ll just buy tires, whatever, $450 and not worry about it.” But at the end of the year, how did it affect your profitability? Those blue bolded numbers, you have to input yourself. So me, the last time I changed my tires was at 25000 miles. That’s just a reference point you can use. My oil change is the same kind of thing and my brakes. I’m more of a do it yourself guy. There’s a couple other things you can put in here if you like, but that’s my main expenses. You can add and subtract the lines in here if you’d like.

Harry: Yeah, and that’s a good point you made too. So that won’t affect your taxes if you’re taking the standard mileage rate reduction. But it’s good for tracking your profit and loss, because that is an expense that you’re incurring because you’re driving for Uber, right?

Bill: Yes, and you brought up a good point there, Harry. My estimated tax worksheet is setup to use the standard mileage deduction. If you are not using the standard mileage deduction, you are on your own, guys, because I do not understand the depreciation aspects.

Harry: Well, luckily, I think the standard mileage probably makes sense for about 90% plus of people.

Bill: Yeah, and that’s the other thing. If you drive in big cities like us, like San Diego, LA, San Fran or New York, on the coasts, you can probably take actual deduction if you wanted, because the rate of pay is pretty high and all that. We’re not doing too much driving to get to where we have to go. For people in the Midwest, Middle America, standard deduction makes sense just because you’re going to do a hell of a lot more driving.

Harry: Okay cool so after you have the expenses here it looks like you sum them up and calculate your pre-tax net profit?

Bill: Mm-hmm, and then your tax will automatically come out and you’ll get a net profit post tax, and that’s how much money you’re making this year. And then there is cash tips. When you get them, you get them, but they’re not supposed to tip. So if you get them, you can enter them here. If you don’t like the IRS looking at your stuff, definitely don’t enter them here, some people get nervous.

Harry: All right cool so it looks like the most important number on this sheet is that net profit down at the bottom, 1533.

Bill: And then you will also, in Column B there, you’ll get a percentage. So everybody wants to know, “Hey, what is your number? What’s your profit margin?” So for most drivers, you started 100%. Uber and Lyft take 20%, 25% so you get right there 75%. Then your cost in doing business should be about 5% to 7%. Here, it’s a little higher, because all the numbers, some of the negative and stuff looks a little wacky. So your cost of doing business is between 5 and 7, your tax rate will be about 5%, leaves you with, if you’re doing about 60%, that’s really good. If you’re doing 65, that’s amazing. That’s what I’ve seen so far, through everybody’s…. A lot of people show me what they’re doing.

Harry: Yeah, that’s a good way to look at it too. I’ve never really thought about, like thinking about your profit margin. Basically, for people who have run a business before, when they calculate their profit and loss, and thinking about when you start getting in the 40, 50, 60% expenses of your profit, you’re probably running a little thin. But that’s a good rule of thumb. If you can be in that 60 to 70%, I think you’re in the sweet spot.

Cool, well, awesome, and any other takeaways or anything else you want to let people know about?

Bill: That’s pretty much it. Like I said, if anybody has questions, you can contact me, and best of care.

Harry: Yeah, and so I’ll link to this spreadsheet in the show notes for sure. And I think that it’s over on Reddit too, so people can probably hop on there and ask a question or two or something like that?

Bill: Yeah, that sounds great. Definitely, you can PM me or DM me, whatever they call it, and let me know, and I’ll try my best to help out. I want people to be able to understand their finances, because the barrier to entry for being a rideshare driver is zero. Anybody can sign up at any time. But you really want to understand what you’re doing, because it is a business. I mean we’re out there, we spend a lot of time away from families, kids, wives whatever, husbands, I mean, a lot of women drivers out there too, you know.

Harry: Yeah, and I think you hit the nail on the head. It’s easy to get started, but it’s harder to get really good and understand what you’re doing. So I appreciate you taking the time to first of all, create the sheet and spend your Saturday morning going over it with me.

Bill: Thanks, I appreciate your time here helping me with this. Any way to get this out there, so everybody can have a little bit of help, because the transparency is what makes it easier for drivers. We can all see and start comparing, we can say, “Hey, maybe this is working or maybe it’s not.”

Harry: Awesome, well, thanks, Bill.

Bill: Thanks, Harry.

Download the rideshare driver tax spreadsheet here.

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