How to access your tax data for tutoring
Written by Daphne Lim - Updated
With the KIS App, it’s really easy to access all your financial and transaction details! Here’s how to do it:
How to Access your Tax Data
- Log into the KIS App
- Navigate to Stripe
-
Log in! You might need to enter a code that is texted to your mobile number/ sent to your email.
- Navigate to “Balance”, then "Payouts" via the tab on the top left
6. Click “Export” to download! Select the correct date range you need for your taxes.
This will give you a .csv file of all your payout data from the KIS App. All you need to do is select the correct financial year date range and that’s your data!
To add it all up, you can simply use an excel function like
=SUM(FIRST_CELL:LAST_CELL)
To note
Take not the this is not tax advice, but just some guidance:
- The tutor shall be responsible for managing and filing all necessary taxes and paperwork. As such, KIS Academics will not withhold any taxes from the tutor’s pay. The tutor is personally liable for appropriate withholding and payment of all federal, state, and local taxes, unemployment compensation, disability payments and any other amounts due or assessed on the basis of tutor‘s tutoring income.
- If you face any issues, please contact stripe's help centre directly as they are the ones who submit the data to the tax office.
- As a sole trader, your tax is normal income tax, and you submit it like a normal person and not a business. So there is no need to submit quarterly reports.
- You only have to pay GST (goos and services tax) if you make over $75,000 per year tutoring.
If you have any questions, feel free to send a message into #help channel on Slack, or an email to contact@kisacademics.com
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