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The rise of web and app based businesses that facilitate bookings for rooms to rent, transportation, odd jobs etc (think Uber  or Airbnb) have brought about a new phrase – the sharing economy.

If you are providing services through an organisation like this, then you need to be aware of the tax and GST implications.  The ATO has set out some guidelines to help you. Click here for further information.

In the instance of ride-sourcing, the ATO has provided further guidance and has advised that people who make their vehicle available for public hire (eg. via sites like Uber) have until 1 August 2015 to register for an ABN and GST. Click here to find out more.

If you are unsure of whether any of this might apply to you, please contact our office.

General Advice

The information provided by Bentleys (Sunshine Coast) Pty Ltd does not constitute financial product advice and is for general information only. It is written without taking into account any individuals personal objectives, situation or needs, and is not intended as professional advice. Any person acting upon such information without receiving specific advice, does so entirely at their own risk. Please contact your Accountant to discuss your personal situation before relying on this information.