Earning Cash on the Side?

What at first seemed like an easy way to make a quick buck, could be a lot more complicated for any unfamiliar with local tax laws.

Just this last year, Uber was informed of its GST obligations, and the ATO warned its many drivers to declare their incomes or be audited and penalised before launching a full data matching review.

It is said that Airbnb is next on the ATO’s hit list, with a campaign blitz expected to be followed by increased auditing of hosts of the Australian properties currently on the home sharing site.

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