Accountants are responsible for collecting and interpreting financial data, whereas bookkeepers record and organize documents and information. Although the two are distinct, they share specific responsibilities.
Accurately recording your income, losses, and expenses from driving for Uber or Lyft is essential. This detailed documentation is key to calculating your tax liabilities and identifying potential deductions. Any gaps in your financial records can lead to costly mistakes come tax season.
Yes. Your tips count toward the gross earning total amount. However, we'll compare Uber or Lyft policies with current tax resources to ensure tips are handled correctly.
— Shlomie
Ridesharing CPA
Brooklyn, New York, United States