What You Need to Know
The sharing economy, also known as collaborative consumption or peer-to-peer-based sharing, has exploded over the last few years. It is a concept that highlights the ability — and perhaps the preference — of individuals to rent or borrow goods rather than buy and own them.
Not surprisingly, people want a piece of this. And so does the taxman — whether you are driving for Uber or renting out your house on the weekends.
Businesses in the sharing economy, like Uber, Lyft and Airbnb, connect individuals or businesses that are looking for a particular product or service to those that have […]