Step-by-step video to filing your taxes
Filing your Uber Lyft and Sidecar Rideshare Taxes with SherpaShare data
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More info:
What you absolutely need to know about rideshare taxes
taxes, tax tips, 1040, schedule c, schedule se, rideshare
Tracking Rideshare Trips Across the US
Map of trips in 10 cities from February 2-8, 2015
Driving for Uber, Lyft, or Sidecar? Track your trips on SherpaShare
rideshare, Lyft, Uber, Sidecar, Tracking, Trips
See your Lyft 1099 Earnings on SherpaShare
If you find yourself looking for more detail into your 1099 earnings, we can help!
See how your ride and non-ride earnings add up, how many miles you've had with passengers, and more. We're previewing our one-click integration for Lyft drivers. Sign up here and then integrate your Lyft earnings in seconds!
Once you create your SherpaShare account, click Email Integration, and within minutes you'll be able to see all your 2014 earnings, miles, and trips, to give you more easy-to-use info for your records
Lyft, 1099, rideshare, integration, taxes
Drivers in 35 cities share their perspective
Unedited responses from drivers in 35 cities
On January 8th, Uber changed driver rates in 48 cities. 2 weeks later we asked active SherpaShare drivers how the felt about this by randomly selecting one active driver in each of the affected cities. We heard back from 35 of them. Here's what they had to say:
Here's what we asked
"Since the rate changes, has your hourly income increased, decreased, or stayed the same?"
"Since the rate changes, are you more busy, less busy, or the same, on the road?"
"Describe how you and others feel about this in your city."
Here's the infographic summary
See the unedited comments from drivers. Some are quite bold...
UPDATE (SEP 2015) You can see average earnings by city via SherpaShare CityMetrics. Average earnings available for 150+ cities. You'll need to login/signup for a free account.
Uber, rate changes
Hustling with 6 driving apps at once
Yes, it's a real possibility
At SherpaShare, we love helping drivers maximize their income and find driving efficiency. This mantra has lead many people to ask us, "How many services can you actually work for at once" and "How can I find my most efficient driving?"
This week we're giving you the illustrated answer, thanks to our incredible meeting of Mike last week in Menlo Park. Mike actively works for 6 services at the same time. Meet Mike:
Share Mike's feat on Facebook & show your friends what's possible!
Mike has his devices mounted for 6 services: Uber, Lyft, Sidecar, DoorDash, Postmates, and FLUC (Food Lovers United Co-op).
Is this really necessary? According to Mike, it is. He "never wants to wait more that 10 minutes for a ping", and while ridesharing can often keep him busy enough there are 'shoulder' times of demand when he just wants to "keep busy".
One of Mike's examples: Rush-hour is ending so Mike gets less requests from Lyft, Uber, and Sidecar, and is waiting longer between rides. It's starting to be dinner time, and delivery demand increases. Enter Postmates, DoorDash, and FLUC apps.
Here's another example from Mike: "I'll see that I'm dropping off a passenger in 5 minutes and I'll get a Postmates ping. I'll accept, knowing I have 30 minutes to get there and it's only a few miles to the restaurant."
And one of the main reasons Mike chose these 6? "SherpaShare supports all 6! My operations may seem complex, but knowing that all of the earnings are being integrated on my SherpaShare Dashboard is incredible."
Share Mike's feat on Facebook & show your friends what's possible!
lyft, uber, sidecar, postmates, doordash, fluc, on-demand, sharing economy
Quarterly Taxes Due Today + Info
A quick resource guide for those of you looking to pay quarterly taxes by today.
The good news: It's easier than you'd expect! Here are the simply steps.
Step 1: Figure out how much to pay
Use the 1040ES worksheet here, provided by the IRS. On page 7, you'll find the 2014 Estimated Tax Worksheet
Fill out the 2014 Estimated Tax Worksheet. When you calculate Line 17 at the bottom, that will be your quarterly owed amount. Write that number down!
Step 2: Pay by 1/15/2015
One of the easiest ways to pay is by EFTPS, or the Electronic Federal Tax Payment System, however, when you enroll in the program it takes 7 days to receive a PIN by mail. Next quarter!
To pay immediately (aka by this Thursday) there are other options, including Direct Pay.
On the Direct Pay page, click Pay Now, choose Estimated Taxes for 2014. You'll be prompted to verify your information, and then add in what you're paying, according to the 1040ES form.
Here's what the IRS says about who needs to pay estimated tax:
"Who Must Pay Estimated Tax"
"If you are filing as a sole proprietor, partner, S corporation shareholder, and/or a self-employed individual, you generally have to make estimated tax payments if you expect to owe tax of $1,000 or more when you file your return."
Note: According to the IRS, if you're filing your complete taxes by 2/1/2015, you do not need to make this payment.
Share this with fellow drivers today! Join SherpaShare
Our informational post on taxes in generalDisclaimer: This guide is for informational purposes only and is not tax advice. You should consult a CPA for specific tax advice.
Estimated Taxes, Tax, Rideshare, Driver, Uber, Lyft, Sidecar, Quarterly Taxes
Uber Price Cuts
How will this affect drivers?
Yesterday, Uber announced price cuts in 48 cities around the US.
This might be good news. According to Uber, the move lowers the average price per trip but increases the average number of trips you make per hour.
In fact, in these 48 cities Uber guarantees you'll do better: "We’re so confident in the earnings gains drivers will see that we’re making earnings guarantees in every city where we’re cutting prices. "
Monitor how the price cuts affect your earnings
On the new SherpaShare dashboard simply check the time window you want to compare and compare either by earnings or by earnings per hour (if you're tracking hours). You can also compare to your city average.
Here's the example Uber gives from Chicago:
These prices became in affect today in 48 cities around the US.
We're encouraging you to monitor your earning changes here at SherpaShare.
See how your December compares to your January in minutes, on your free SherpaShare dashboard.
uber, rate cuts, price cuts, sherpashare, income, earnings
What you absolutely need to know about rideshare taxes
We've put together this one pager on the most important things you need to know about rideshare taxes. See you own tax estimate with SherpaShare here
Want to see your personal estimated tax? View it on SherpaShare
See ALL of your 2014 earnings in seconds. Get a free SherpaShare account
taxes, tax tips, independent contractors, earnings, lyft, uber
New Year SherpaShare Resolutions
Take a look back at your 2014 and see how you did!
Check out your SherpaShare Dashboard! You can complete your full year of driving income and expenses and see your year in review.
This is impressive! Here's one drivers 2014 driving year, according to their SherpaShare Dashboard:
Here's to your successful 2015!
We know it's going to be an even more successful year for you and your fellow independent contractors. We'd love to hear your resolutions for 2015 and how we can help you reach them. Let us know on Facebook or Twitter. And, of course, follow us there for some amazing content and new features, starting this month!
Happy New Year!
With Love,Your Friends at Team Sherpa
new year, resolutions, independent contractor