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.