Tax and the Sharing Economy: Uber, Airbnb and others
Yes! You still have to pay tax!
Sep 14Thu 1:00 PM AEST - Thu 2:00 PM AEST Online
- $180.00 incl. GST
- PD hours: 1
Recent research indicates that over half of Australians do not understand that income earned through the so-called sharing (or “gig”) economy is taxable.
With tens of thousands of Australians now providing goods and services through platforms such as Uber, Airbnb and many others, it’s essential that advisers fully understand how existing tax law applies to these services.
In the second of four webinars based on his recent book “Life and Taxes: A Look at Life Through Tax”, Mark Chapman will discuss how the Australian tax system applies to those providing goods and services through the sharing economy.
With reference to legislation, ATO interpretation and practical examples, this webinar will consider such potentially crucial areas as:
• How income is taxed
• What deductions can be claimed
• The availability of small business concessions
• The impact of Capital Gains Tax
• GST for those in the sharing economy
• The ATO focus on non-compliance in the sharing economy and what it means for taxpayers
Webinar Learning Outcomes:
Attendees will obtain a detailed understanding of how tax law affects those providing goods and services through sharing economy platforms such as Uber and Airbnb, as well as a detailed practical understanding of how the law applies to many common client situations.
Attendees will clearly understand the tips and traps to be aware of, as well as planning opportunities so that current and future clients get the best possible tax outcome relevant to their situation.
Tax Agents, Accountants, Financial planners and other advisers who deal with clients who provide, or are thinking of providing, goods or services through sharing economy platforms.
Mark Chapman is the Director of Tax Communications for H&R Block Australia. He has over 25 years’ experience as a tax professional in both the UK and Australia, specialising in tax for small business and individuals. He is a member of the Institute of Chartered Accountants in England and Wales, the Chartered Institute of Taxation and is a fellow of CPA Australia. He holds a Masters of Taxation Law with the University of New South Wales. He writes regularly on tax issues for numerous media outlets and presents on topical tax topics at seminars and other events. He broadcasts frequently on radio and television and writes a regular column for Money Magazine and Yahoo7 Finance. As a tax practitioner in the UK, he occupied a number of senior positions before moving to Australian in 2007 to join the Australian Taxation Office (ATO) as a senior director.
You will be provided with:
• PowerPoint Presentation slide deck
• Any Supporting Documentation
• Webinar Recording to view multiple times for up to 6 months
• An opportunity to ask questions to the presenter
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