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by bigfatkitten
201 days ago
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> There is often a scale variance too - in Australia, "hobby" income is treated differently from "business" income. [0] I have an ABN and I am registered for GST for side hustles beyond the hobbyist income threshold. This costs me about 10 minutes of extra admin per year when I do my tax return. All I need to do is give the tax office three figures: How much money I earned, how much GST I charged, and how much I paid (ie how much they need to give back to me.) |
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