Welcome to Ridesharing CPA

Driving for Uber or Lyft is known for its simplicity, but managing your finances and navigating tax season can often be overwhelming. At Ridesharing CPA, we specialize in helping drivers like you gain control over their financial situation. With our extensive tax and accounting expertise, we streamline the process to help you achieve your financial goals with ease.

For years, we've proudly served drivers in Brooklyn and the tri-state area, offering honest and transparent services. We welcome your questions and are committed to providing the clarity you need. If you're seeking reliable accounting and tax support to make your driving experience even smoother, contact us today for a consultation!

Better Understanding Your Finances

Tracking your finances is one thing, but understanding them is another. At RidesharingCPA, we assist with both. We start by thoroughly analyzing your income, losses, debt, and assets, then break everything down into simple terms so you can confidently understand your financial standing.

Making the Most of Tax Season

As an Uber or Lyft driver, you're considered a small business owner by the IRS, which makes your tax situation more complex than a typical individual. Our team will help you prepare and file your self-employment and income taxes while staying up-to-date on all tax law changes to ensure you're never surprised.

Self-Employment Taxes

If you earn over $400 annually through ridesharing, you're required to pay self-employment taxes. We'll help you understand your tax obligations, accurately track your earnings, and handle the necessary forms and schedules, ensuring nothing falls through the cracks.

Income Taxes

Even as an independent contractor, you still need to pay income taxes in addition to self-employment taxes. We'll not only prepare your taxes but also identify applicable deductions to minimize what you owe, ensuring your assets are protected and your tax filing is optimized.

Uber and Lyft Driver Package

Our Uber and Lyft Driver Tax Package is specifically designed to meet the needs of drivers for both platforms. This comprehensive package covers all aspects of your rideshare business, from meticulous tracking of expenses like mileage, vehicle maintenance, and other deductions, to precise preparation of your self-employment and income tax filings. We also assist with quarterly estimated tax payments to ensure you remain compliant with IRS regulations. By focusing on both Uber and Lyft drivers, our package simplifies your tax process, maximizes your deductions, and helps you manage your finances efficiently—so you can focus on driving while we handle the rest.

Business Bookkeeping Package

Our Rideshare Business Essentials Package is tailored to support Uber and Lyft drivers while placing a strong emphasis on bookkeeping for your other side businesses. This package includes thorough tracking of all rideshare expenses, such as mileage and vehicle costs, and integrates with the financials of your additional ventures. We manage self-employment and income tax preparation, optimize deductions, and assist with quarterly estimated tax payments. By focusing on comprehensive bookkeeping for all your business activities, we ensure a clear and organized overview of your total earnings and expenses, helping you stay compliant and effectively manage both your rideshare driving and other business pursuits.

Contact us

Contact us today for a free consultation and let us handle your tax needs.

Frequently Asked Questions

What's the difference between accounting and bookkeeping?

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.

What metrics should I track?

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.

Are my tips included in my gross earnings total?

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.

"Ridesharing CPA's made filing my taxes a breeze. They were thorough, knowledgeable, and saved me money. I highly recommend their services!”

— Shlomie

Location

Ridesharing CPA
Brooklyn, New York, United States

About us

 

Welcome to Ridesharing CPA, where we bring unparalleled expertise to the world of ridesharing financial services. Our firm is dedicated to providing exceptional tax and bookkeeping solutions tailored specifically for rideshare drivers.

As a team of certified CPAs, we possess deep knowledge of the unique financial challenges and opportunities that come with driving for Uber, Lyft, and other rideshare platforms. We stay up-to-date with the latest tax laws and industry changes to ensure that you receive the most accurate and advantageous advice possible.

We understand the complexities of managing expenses, deductions, and tax filings for rideshare professionals. From maximizing vehicle deductions to navigating self-employment tax and quarterly estimated payments, we are here to help you optimize your financial strategy and ensure compliance with all tax regulations.

At Ridesharing CPA, we’re not just tax advisors; we’re your partners in achieving financial success in the ridesharing industry. Our team of expert CPAs is dedicated to helping you make the most of your earnings and maintain peace of mind knowing your financial matters are in capable hands.