Warning about 'side hustles' as tax time approaches

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Warning about 'side hustles' as tax time approaches. Source: ABACA / Joly Victor/ABACA/PA/Alamy/AAP Image

Data suggests that more than 900.000 people have a second stream of income. But as tax time approaches, anyone with a side hustle has been put on notice.


A side hustle is a term used to describe a piece of work or a job that you get paid for doing, in addition to doing your main job.

Side hustles come in many forms from ride-share driving to personal training - some people even manage to monetise being a social media influencer.

In fact, figures from the Australian Bureau of Statistics suggest more than 900-thousand people have a second stream of income.

But as tax time approaches, anyone with a side hustle has been put on notice.



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