How new online economy tax changes could affect you

New reporting requirements for users of electronic distribution platforms such as Uber, Airtasker, Airbnb and Gumtree means greater accountability on that side hustle income.

Lots of people use online marketplaces in different ways. For some, they conduct their entire business online and earn their living from providing services or renting out their assets. For others, it might be a side hustle or a small amount of income, but it still needs to be declared to the tax office.

More discussion from CPA Australia here.