21/10/2026
Selling products online, creating content, working with brands, freelancing, tutoring or earning extra income through social media? 💰
What starts as a hobby or a way to earn a little extra money can grow into something bigger. And with that growth can come tax obligations you might not have considered.
Here are a few things worth keeping in mind:
👉 Declaring Income: All money earned from side hustles, freelancing, or online sales must be declared on your tax return if your activity is run as a business or an income-producing venture.
👉 Free products and brand collaborations: Payments, free products, trips received in exchange for an expectation of promotion can have tax implications too!
👉 GST registration: If your business reaches the relevant GST turnover threshold, you may need to register for GST.
👉 Keeping records: Keep track of what you earn, what you spend and the records to support it. Good record keeping makes tax time much easier!
💙 Love what you're doing but not so keen on the tax side?
At Shoebox Books & Tax Coomera, we can help with tax returns, GST, BAS, eligible deductions and bookkeeping, so you can focus on what you enjoy while we help keep your finances on track.
Whether it's a little extra income or a growing business, let's make sure you've got the tax side covered! 😊
Get in touch with us today!
📞 0423 895 786
https://shoeboxbooksandtax.com.au/experts/coomera/