How to Declare Side Job Income

What Counts as Side Job Income?

Side job income includes:

• Freelance or contractor payments
• Gig economy earnings (e.g., Uber, Deliveroo)
• Part-time or casual job wages
• Income from hobbies or small businesses that are intended to make a profit

Steps to Declare Side Job Income

Track All Payments

Keep a record of all payments, including bank transfers, cash, and digital wallet receipts.

Register for an ABN if Needed

Freelancers or sole traders may need an Australian Business Number (ABN) to invoice clients.

Include All Income in Your Tax Return

Report your side job earnings under “Business and Professional Income” or “Other Income,” depending on your work.

Deduct Allowable Expenses

Claim deductions for expenses related to earning your income, such as equipment, travel, and advertising.

Why Stay Organised?

Staying organised helps you avoid penalties and ensures compliance with ATO requirements. Keeping accurate records makes the process easier.

FAQs

Q: Do I need to declare income from a hobby?
A: Yes, if it generates income and is intended to make a profit.

Q: What if I didn’t receive an income statement from my side job?
A: Keep a record of all payments and include them in your tax return.