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The Sharing Economy

Watson Erskine & Co • May 16, 2017

What is the sharing economy?

The sharing economy connects buyers (users) and sellers (providers) through a facilitator who usually operates an app or a website.

Popular sharing economy services include:

· renting out a room or a whole house or unit for a short-time basis, for example Airbnb and Stayz

· providing 'ride-sourcing' services for a fare (considered to be taxi travel) such as Uber and GoCatch

· providing personal services, including creative or professional services like graphic design, creating websites, or odd jobs like deliveries and furniture assembly, like Airtasker and Mad Paws

· renting out a car parking space, for example Parkhound and Spacer.

For information from the ATO on tax obligations from providing services through ride-sourcing, click here

If you would like to discuss this or any topic further, please email: mail@watsonerskine.com.au

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