Did you know there are tax implications associated with providing free-ride services such as Uber? It’s something many people wanting to become Uber drivers don’t think about but popular second-income earning sources like Uber, Ebay & Airbnb are all subject to income tax.
When it comes to Uber, even if you earn under the $75,000 GST threshold you are still required to register for GST.Read more
Are you an entrepreneur? A creative? Running a home-based business? Or simply just ‘sticking it to the man’? Regardless of whether you’re working the 9-5 in an office, your bedroom or by the pool – the government would also like to share in your successes.
Whilst almost nobody enjoys paying taxes, there are a few little tax incentives that the Government provides that could make a big difference to your bottom line. Generally, most expenses that a business incurs in producing income are claimable, so be sure to keep records of any spending that is business related!
Here are some tips to help keep more of your hard-earned cash in your pocket…Read more
AIRBNB: TAX MUST-KNOWS BEFORE YOU LET STRANGERS IN YOUR HOME
Previously reserved for your friend that “accidentally” stayed the night or that long-lost relative you’re not sure is actually related to you, couch surfing has now become trendy. Indeed, the sharing economy is booming and growing quickly with services such as Uber and AirBnb quickly becoming part of our everyday life. Services such as these, and others utilise ordinary citizens’ homes and cars and turn them into mini-hostels – granting these sharp owners additional income whilst granting travellers monetary savings and “live in” experience.Read more