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Are you an enterprising entrepreneur participating in the ‘gig’ economy? 

Yes!  

With the summer holidays, a busy time of the year for some, your side activities may be popular and well patronised. If so, be prepared for your next tax-time reporting. 

But whatever your product, goods or service, be aware that income generated from side-hustles is now in focus by the ATO. 

With record numbers of taxpayers now working multiple jobs or supplementing their income with ‘side hustles’ or ‘gig’ economy activities, the ATO is reminding taxpayers to declare all their income when lodging their tax returns. 

Earnings are no longer hidden. Digital service platforms are now legally required to report income earned by their users under the Sharing Economy Reporting Regime  (SERR). 

Until this year, 2025, individuals have been required to self-declare their income from side hustles. But now nothing will go under the radar. 

The new rules apply to a broad range of services, for example, if you deliver food, gain work through Airtasker or similar sites and activities, your earnings are now being reported. Influencers are also reminded of their obligations to declare any gifts and gratuities. 

If you are unsure if you are running a business, contact the ATO or speak with your accountant. 

If you have questions concerning this or other taxation matters, contact Blackburn Accounting. We can help you with meeting your legal tax obligations.