The ATO’s stance on the sharing economy The sharing economy includes any economic activity that takes place via a digital platform (a website or app, for example) where people offer products or services for a fee. Some common sharing economy activities include the following:             Short-term accommodation rentals like Airbnb…

As an approach to passive income that’s gathered popularity in recent years, car sharing applications are used throughout Australia. Recently, the ATO has begun cracking down on those who are generating significant income through their use. If you’re partial to profiting from car sharing, you may want to learn more about your tax obligations. How…

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