As Australian workers hurtle towards the end of financial year, the Australian Taxation Office (ATO) is reminding new side hustlers not to overlook business income on their tax return.
In a fresh advertising campaign, the ATO says workers who launch a secondary gig outside of their main job may technically qualify as being ‘in business’, meaning any income earned through those activities should be reported.
That includes everyone from rideshare drivers and occasional delivery workers, to fitness fanatics who charge for ‘bootcamp’ services, and social media influencers who regularly receive fees or gifts in exchange for glowing product endorsements.
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Senior Business Journalist
Focused on the small business sector, David’s work covers the political, regulatory, and economic issues facing Australian entrepreneurs. Prior to joining SmartCompany, he was a reporter for Business Insider Australia. You can follow him on LinkedIn.
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