Practical Tax Examples - Tax and the Sharing Economy.

Description

A practical guide to the application of tax to providers of goods and services in the sharing economy.

With tens of thousands of Australians now providing goods and services through platforms such as Uber, Airbnb, Airtasker and a variety of food delivery services, it’s essential that advisers fully understand how existing tax law applies to these new services.

Drawing on material from the newly published second edition of Australian Practical Tax Examples, this webinar, aims to provide attendees with a detailed overview of the law and the supporting guidance given by the ATO in respect of the tax treatment of those providing goods and services through the sharing economy. We will work through examples taken from the book, explaining how tax law and administrative practice applies to real life situations.

Examples are deliberately framed to reflect real life client situations and issues that you might encounter on a daily basis, as well as some of the more complex and unusual outcomes that can apply.

During the webinar, you will be guided through theory and practical worked examples illustrating the following issues:

  • Business or hobby?
  • Employee or contractor?
  • How income is taxed
  • What deductions can be claimed
  • The impact of Capital Gains Tax for home renters
  • Are rented assets taxed as business income or rental income?
  • GST in the sharing economy

Learning Outcomes:
Attendees can expect to complete the webinar with a detailed understanding of how the rules apply to those offering goods and services in the sharing economy so as to produce the best tax outcome whilst minimising the risk of ATO review or audit.

Suited to:
This webinar is suited to all accountants and tax practitioners who deal with clients in the sharing economy.

Presenter Bio:
Since 2015, Mark Chapman has been Director of Tax Communications with H&R Block Australia. 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 Australia in 2007 to join the Australian Taxation Office (ATO) as a senior director. Mark is also the author of Life and Taxes: A Look At Life Through Tax published by Wolters Kluwer, CCH Australia.

Mark has over 25 year’s experience as a tax professional in both the UK and Australia, specialising in tax for small business and individuals. He is a fellow of the Institute of Chartered Accountants in England and Wales, a fellow of CPA Australia and a member of the Chartered Institute of Taxation. He holds a Masters of Taxation Law with the University of New South Wales.

You will also be provided with: 

  • The PowerPoint Presentation Slide Deck
  • A Searchable Transcript
  • Any Supporting Documentation
  • Webinar Recording to view multiple times for up to 6 months
  • Q&A Session & follow up contact details

  • Webinar Recording
    • PD hours: 1
    Stream this recording multiple times at your convenience.
    • $185.00 incl. GST

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One-Connection-One-Fee

Our webinars operate on a 'one-connection-one-fee' basis so you can have your whole team participate for one cost effective price and claim CPD points.

Recordings

Like the topic but can’t make the time? Register for the Live Session and you’ll receive the Recording regardless! You can watch it as many times as you like for up to 6 months. You will also receive Supporting Documentation.