As you may have already heard the city of San Francisco has now required Uber and Lyft drivers to obtain a business license to operate in the city. This is a brand new development and many cities may follow their lead. The deadline to apply for the business license is 30 days after the letter has been sent to your residence to be on the lookout for a letter from the city. The estimated cost is $91 for drivers making less than $100K a year. To make life easier on our fellow rideshare drivers so we’ve laid out all the necessary steps for you to obtain a business license:
Step 1: Filing a Business License for Uber and Lyft Drivers
Follow this link to the San Francisco Treasury and Tax collections:
Step 2: File the Above Form and Click Submit
Make sure you are aware that back taxes may apply as well if you have been an Uber or Lyft driver for longer than 1 year.
Step 3: Pay the Registration Fee:
You will receive an email after the registration form is complete – “Payment Required – New Business Application,” simply follow the instructions within the email to access the payment system to pay applicable registration fees.
To submit payment via mail, print out the payment coupon you receive and mail it in with a check payable to the San Francisco Tax Collector:
Office of the Treasurer & Tax Collector
PO Box 7425
San Francisco, CA 94120
Using Everlance To Track Your Mileage
Right now you may be relying on Uber or Lyft to give you your year-end mileage numbers. However, were you aware that the mileage totals that they give you are based only on the miles you’ve driven with a passenger in your car?!
That’s right. What about the mileage on your way to pick the passenger up? That’s not lost money if you track it.
The average Everlance user saves over $6,500 per year, and Uber or Lyft driver could end up saving a lot more with the amount they drive. Think about it. Here’s some simple math.
Let’s say you’re driving 150 miles per day, 5 days per week. Of those 150 miles, only 75 of them are with a passenger. The other 75 are driving to the passengers’ locations.
150 miles per day * the IRS standard mileage rate of $0.545 per mile is $81.75 in deductions per day, or $1,635 per month, and $19,632 per year.
Learn More about the 2019 Standard Mileage Rates:
Now cut that in half. That’s $9,816.
Uber and Lyft are only going to give you that $9,816, but you’re still missing the other $9,816!
With Everlance that won’t happen. You simply download our free app, sign up (takes like 30 seconds) and then start tracking. The app uses GPS silently in the background to coordinate your position and overlays every single trap on a Google map with complete route information and the amount of money you saved.
The only thing you need to do is swipe when you finish a ride. Was it business or personal? That’s all you have to do.
Everlance also gives you the ability to track expenses, both manually and automatically by syncing your bank account or credit cards. It’s pretty amazing and over 400,000 Everlance users know how powerful this app and saving money really is.
Are you ready to make your taxes easier? Give Everlance a try. When you’re ready to do your taxes it’s as simple as signing in to Everlance Dashboard on mobile or Desktop and exporting your data.
From there you can import the data, via .CSV file straight into Excel, your favorite tax software or handoff to a tax preparer.
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