How to Hide your Side Hustle and/or Gig Economy Income from the ATO

You can’t do it.

It doesn’t matter whether you are engaged in odd jobs for hire, ride sharing, online retailing, short term rentals, only subscriber video content, or trading crypto.   All these digital platforms share your data with the ATO for the purpose of tax collection.

Often these items are less straightforward than traditional business/wage/investment income.   However, they might open opportunities to more deductions that are incurred in producing the income.   If you engage your accountant to get your tax return correct from the beginning, you may end up better off than waiting for the ATO to engage you in a review for the unreported income.

Contact us now to get in front of it because you can’t hide it when the ATO already knows!