20 May Are you declaring your “odd jobs” income from gig economy sites?
“Gig economy” platforms like Airtasker are allowing Australians to earn some extra cash by completing a huge range of odd jobs – from gardening to data entry and even standing in line for concert tickets! But you must declare the gross income from these “gig economy” platforms in your tax return and keep records of the amounts you earn so you can claim deductions, like platform fees and commissions. But if you earn $75,000 a year or more, you must register for GST and most users will also require an ABN.
Talk to us to help you spend more time earning and less time on tax.